Centre Foundation Inc

STATE COLLEGE, PA EIN: 25-1782197 Website

CENTRE FOUNDATION FORMED TO RECEIVE, HOLD AND ADMINISTER FUNDS FOR THE BENEFIT OF THE COMMUNITY. ENDOWMENT FUNDS GENERATE EARNINGS FOR GRANTS TO LOCAL 501(C)(3) ORGANIZATIONS FOR THE BENEFIT OF ARTS, HUMANITIES, CULTURE, EDUCATION, RECREATION AND SOCIAL SERVICE AGENCIES IN CENTRE COUNTY PENNSYLVANIA AND SURROUNDING REGIONS.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$83.4M

+6.7% YoY

Annual Giving

$5.1M

+29.4% YoY

Grant Count

173

+12.3% YoY

Avg Grant Size

$30K

+15.2% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$12M$16M20202021202220232024
Metric202420232022
Total Assets$83,384,700$78,171,662$70,860,925
Revenue$8,389,686$6,043,071$5,437,523
Expenses$7,253,338$5,804,494$5,946,892
Qualifying Distributions
Net Investment Income$2,991,577$1,604,800$1,379,530
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$3M$4M$5M148 grants2020150 grants2021155 grants2022154 grants2023173 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Congregation Brit Shalom$576KCentre Volunteers In Med…$161K3 Dots Downtown$158KSchlow Library Foundatio…$154KPenn State University- O…$139KDowntown State College I…$130KCentre County PAWS$119KState College Food Bank$113KClearWater Conservancy$108KCentre Safe$104K

Grant Size Distribution

780 grants across all recorded years

672<$50K83$50–100K24$100–250K$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Centre Foundation Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MOLLY KUNKELPRESIDENT/CEO$170KCARRIE RYANCFO/COO$144K

From 2024 filing

NameTitleHoursCompensation
DEREK VARNERDIRECTOR1
LYDIA ABDULLAHDIRECTOR1
CARI GUSTAFSONDIRECTOR1
RICH BUNDYDIRECTOR1
SUE MASONDIRECTOR1
ERIN MEITZLERVICE CHAIR/SECRETARY1
RANDY WOOLRIDGEDIRECTOR1
BOB HICKSDIRECTOR1
BLAKE GALLDIRECTOR2
RICH KALINDIRECTOR2
KATE BENNETT TRUITTCHAIR3
RICH WISNIEWSKIDIRECTOR1
SERIA CHATTERSDIRECTOR1
JOE DIONISIOTREASURER1
MOLLY KUNKELPRESIDENT/CEO50$170,111
CARRIE RYANCFO/COO50$144,142

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

11states
+3 more states

Cities

AaronsburgAltoonaArlingtonBaltimoreBellefonteBensalemBoalsburgCamp HillCentre HallCentrevilleChambersburgClarionColumbusDallasErieHagerstownHarrisburgHenricoHilton Head IslandHollidaysburg

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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