The Citadel Foundation
THE PURPOSE OF THE CITADEL FOUNDATION SHALL BE EXCLUSIVELY TO SUPPORT THE MISSION OF THE CITADEL BY RAISING, RECEIVING, STEWARDING, GRANTING, INVESTING, AND REINVESTING MONEY AND PROPERTY, AND USING THE RECEIPTS THEREFROM FOR THE BENEFIT OF THE CITADEL.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$332.3M
+5.5% YoY
Annual Giving
$24.6M
-4.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$12.3M
-4.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $332,294,617 | $315,085,710 | $306,832,269 |
| Revenue | $37,924,388 | $33,560,971 | $31,638,526 |
| Expenses | $35,560,054 | $34,547,669 | $24,586,077 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $9,944,317 | $11,582,766 | $6,088,409 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Citadel Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR DAVID D AUGHTRY | BOARD MEMBER | 1 | — |
| MR TOMMY B BAKER | NOMINATIONS/COMP COMMITTEE CHAIR | 1 | — |
| MR CHARLES B COE | BOARD MEMBER | 1 | — |
| DR LOUIS E COSTA II | BOARD MEMBER | 1 | — |
| MR RAFAEL R COSTAS JR | BOARD MEMBER | 1 | — |
| MR STEPHEN L DAVIS | BOARD MEMBER | 1 | — |
| COL F G DELLENEY JR | BOARD MEMBER | 1 | — |
| RADM STEPHEN C EVANS-BEG 0424 | BOARD MEMBER | 1 | — |
| COL THOMAS L HENDRICKSUSAF RET | AUDIT COMMITTEE CHAIR | 1 | — |
| MR ROBERT R HILL JR | GRANTS COMMITTEE CHAIR | 1 | — |
| MS M RUSSELL HOLLIDAY JR | BOARD MEMBER | 1 | — |
| MR JOSEPH J KEENAN | REAL ESTATE COMMITTEE CHAIR | 1 | — |
| MR L WILLIAM KRAUSE | BOARD MEMBER | 1 | — |
| MR CHARLES B LAWLESS | INVESTMENT COMMITTEE CHAIR | 1 | — |
| MR A FOSTER MCKISSICK III | BOARD MEMBER | 1 | — |
| MR BRETT S MILLER-BEG 0424 | BOARD MEMBER | 1 | — |
| MR J BRICE O'BRIEN | BOARD MEMBER | 1 | — |
| MS AMANDA M ORSON-BEG 0424 | BOARD MEMBER | 1 | — |
| COL ALVIN A PERKINS USA RET | BOARD MEMBER | 1 | — |
| MR WILLIAM S STAFFORD-BEG 1124 | BOARD MEMBER | 1 | — |
| MR PETER SULICK JR | BOARD MEMBER | 1 | — |
| MR CHRISTOPHER C SULLIVAN | BOARD MEMBER | 1 | — |
| DR CHRISTOPHER C SWAIN | BOARD MEMBER | 1 | — |
| MR L WILLIAM VARNERJR-BEG0424 | BOARD MEMBER | 1 | — |
| GEN GLENN M WALTERS USMC RET | BOARD MEMBER | 1 | — |
| MR ANDERSON D WARLICK | EMERITUS | 1 | — |
| MR J TODD WATKINS | BOARD MEMBER | 1 | — |
| MR CLAUDIUS E WATTS IV | BOARD MEMBER | 1 | — |
| LT COL WILLIAM R CULLBREATH JR US | BOARD MEMBER | 1 | — |
| MR W HENRY JOHNSON-THRU 0424 | BOARD MEMBER | 1 | — |
| MR JAMES A KING II-THRU 0424 | BOARD MEMBER | 1 | — |
| MR DANIEL MCQUEENEY-THRU 0424 | BOARD MEMBER | 1 | — |
| MR NORMAN POOLE JR-THRU 1124 | BOARD MEMBER | 1 | — |
| MR JAMES W REED - THRU 0424 | BOARD MEMBER | 1 | — |
| MR RICHARD SANDERSJR-THRU0424 | BOARD MEMBER | 1 | — |
| MR JAMES J ETHRIDGE JR | CHAIRMAN, EXEC COMMITTEE CHAIR | 2 | — |
| MR LUTHER C KISSAM IV | VICE CHAIRMAN, DEV/OMC COMMITTEE CHAIR | 2 | — |
| MRS MARINA DANIEL BUESCHER | TREASURER/SECRETARY | 2 | — |
| JAY P DOWD III | PRESIDENT AND CEO | 40 | $522,355 |
| SHANNON N MEASE | COO/CFO | 40 | $363,338 |
| JONATHAN KRESKEN | VP LEGACY, ANNUAL & REUNION GIVING | 40 | $257,933 |
| GAYLORD GREENE | VP ATHLETIC DEVELOPMENT | 40 | $229,863 |
| ASHLEY SANTOS | ASSOC. VP, PRINCIPAL GIVING | 40 | $170,294 |
| JODI COLLINS | CONTROLLER | 40 | $185,885 |
| ROBERT STEPHENSON | ASSOC. VP FOR MAJOR GIFTS | 40 | $155,989 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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