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THE CITADEL FOUNDATION IS A NONPROFIT ORGANIZATION CREATED TO RAISE FUNDS FOR THE CITADEL. GIFTS FROM ALUMNI AND FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHER ORGANIZATIONS PROVIDE RESOURCES THAT THE COLLEGE USES TO AWARD SCHOLARSHIPS, RECRUIT AND RETAIN OUTSTANDING STUDENTS AND PROFESSORS, PROVIDE THEM WITH STATE-OF-THE-ART TECHNOLOGY AND FACILITIES, AND ENRICH CAMPUS LIFE THROUGH ATHLETIC AND CULTURAL ACTIVITIES. THE TOP THREE AREAS OF FOCUS OF THE CITADEL FOUNDATION ARE TO PROVIDE UNRESTRICTED SUPPORT TO THE CITADEL, INCREASE SCHOLARSHIP FUNDS, AND SUSTAIN ENRICHMENT PROGRAMS FOR THE SOUTH CAROLINA CORPS OF CADETS AND GRADUATE STUDENTS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$37.9M
Program Spending
69%
of total expenses go to program services
Total Contributions
$26.8M
Total Expenses
▼$35.6M
Total Assets
$332.3M
Total Liabilities
▼$23.5M
Net Assets
$308.8M
Officer Compensation
→$885.7K
Other Salaries
$4.2M
Investment Income
$9.9M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $24.6M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
THE CITADEL57-6000217 | CHARLESTON, SC | $17.6M | Cash | TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT EXCLUSIVELY FOR THE CITADEL, INCLUDING SCHOLARSHIPS, GRANTS, CAPITAL EXPENDITURES. |
THE CITADEL REAL ESTATE FOUNDATION81-1175847 | CHARLESTON, SC | $7M | Cash | FINANCIAL ASSISTANCE FOR CONSTRUCTION OF BASTIN HALL, PURCHASE OF PROPERTIES |
| Total | $24.6M | |||
THE CITADEL
CHARLESTON, SC
$17.6M
THE CITADEL REAL ESTATE FOUNDATION
CHARLESTON, SC
$7M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $37.9M | $26.8M | $35.6M | $332.3M | $308.8M |
| 2023IRS e-File | $33.6M | $21.3M | $34.5M | $315.1M | $286.7M |
| 2022 | $31.6M | $25.2M | $24.6M | $306.8M | $285.6M |
| 2021 | $48.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jay P Dowd Iii | President And CEO | 40 | $522.4K | $0 | $87.6K | $609.9K |
| Shannon N Mease | Coo/cfo | 40 | $363.3K | $0 | $82.5K | $445.9K |
| Mr James J Ethridge Jr | Chairman, Exec Committee Chair | 2 | $0 | $0 | $0 | $0 |
| Mr Luther C Kissam Iv | Vice Chairman, Dev/omc Committee Chair | 2 | $0 | $0 | $0 | $0 |
| Mrs Marina Daniel Buescher | Treasurer/secretary | 2 | $0 | $0 | $0 | $0 |
Jay P Dowd Iii
President And CEO
$609.9K
Hrs/Wk
40
Compensation
$522.4K
Related Orgs
$0
Other
$87.6K
Shannon N Mease
Coo/cfo
$445.9K
Hrs/Wk
40
Compensation
$363.3K
Related Orgs
$0
Other
$82.5K
Mr James J Ethridge Jr
Chairman, Exec Committee Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mr Luther C Kissam Iv
Vice Chairman, Dev/omc Committee Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mrs Marina Daniel Buescher
Treasurer/secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jonathan Kresken | VP Legacy, Annual & Reunion Giving | 40 | $257.9K | $0 | $71.2K | $329.1K |
| Gaylord Greene | VP Athletic Development | 40 | $229.9K | $0 | $36.1K | $265.9K |
| Ashley Santos | Assoc. Vp, Principal Giving | 40 | $170.3K |
Jonathan Kresken
VP Legacy, Annual & Reunion Giving
$329.1K
Hrs/Wk
40
Compensation
$257.9K
Related Orgs
$0
Other
$71.2K
Gaylord Greene
VP Athletic Development
$265.9K
Hrs/Wk
40
Compensation
$229.9K
Related Orgs
$0
Other
$36.1K
Ashley Santos
Assoc. Vp, Principal Giving
$240.4K
Hrs/Wk
40
Compensation
$170.3K
Related Orgs
$0
Other
$70.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Col Alvin A Perkins Usa Ret | Board Member | 1 | $0 | $0 | $0 | $0 |
| Col F G Delleney Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
| Col Thomas L Hendricksusaf Ret | Audit Committee Chair | 1 | $0 | $0 | $0 | $0 |
| Dr Christopher C Swain | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dr Louis E Costa Ii | Board Member | 1 | $0 | $0 | $0 | $0 |
| Gen Glenn M Walters Usmc Ret |
Col Alvin A Perkins Usa Ret
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Col F G Delleney Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Col Thomas L Hendricksusaf Ret
Audit Committee Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $20.3M |
| $20.7M |
| $326.4M |
| $309.7M |
| 2020 | $33.1M | $14.2M | $24.3M | $275.7M | $261.5M |
| 2019 | $24.4M | $20M | $26.9M | $245.5M | $231.8M |
| 2018 | $20.1M | $19M | $24M | $236M | $215.5M |
| 2017 | $52.2M | $30.7M | $21M | $242.2M | $222.9M |
| 2016 | $24M | $16.9M | $23.4M | $201M | $191.6M |
| 2015 | $24.2M | $21.7M | $19.9M | $202.4M | $191.4M |
| 2014 | $30.5M | $17.8M | $18.2M | $194.3M | $187.1M |
| 2013 | $38.5M | $19.6M | $17.1M | $182.5M | $174.9M |
| 2012 | $25.2M | $9.5M | $16.7M | $160M | $153.6M |
| 2011 | $16.5M | $7.9M | $18.3M | $154.1M | $144.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $70.1K |
| $240.4K |
| Robert Stephenson | Assoc. VP For Major Gifts | 40 | $156K | $0 | $68.1K | $224.1K |
| Jodi Collins | Controller | 40 | $185.9K | $0 | $28.6K | $214.5K |
Robert Stephenson
Assoc. VP For Major Gifts
$224.1K
Hrs/Wk
40
Compensation
$156K
Related Orgs
$0
Other
$68.1K
Jodi Collins
Controller
$214.5K
Hrs/Wk
40
Compensation
$185.9K
Related Orgs
$0
Other
$28.6K
| Board Member |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Lt Col William R Cullbreath Jr Us | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr A Foster Mckissick Iii | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Anderson D Warlick | Emeritus | 1 | $0 | $0 | $0 | $0 |
| Mr Brett S Miller-Beg 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Charles B Coe | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Charles B Lawless | Investment Committee Chair | 1 | $0 | $0 | $0 | $0 |
| Mr Christopher C Sullivan | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Claudius E Watts Iv | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Daniel Mcqueeney-Thru 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr David D Aughtry | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr J Brice O'Brien | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr J Todd Watkins | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr James A King Ii-Thru 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr James W Reed - Thru 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Joseph J Keenan | Real Estate Committee Chair | 1 | $0 | $0 | $0 | $0 |
| Mr L William Krause | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr L William Varnerjr-Beg0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Norman Poole Jr-Thru 1124 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Peter Sulick Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Rafael R Costas Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Richard Sandersjr-Thru0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Robert R Hill Jr | Grants Committee Chair | 1 | $0 | $0 | $0 | $0 |
| Mr Stephen L Davis | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr Tommy B Baker | Nominations/comp Committee Chair | 1 | $0 | $0 | $0 | $0 |
| Mr W Henry Johnson-Thru 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mr William S Stafford-Beg 1124 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Ms Amanda M Orson-Beg 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
| Ms M Russell Holliday Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
| Radm Stephen C Evans-Beg 0424 | Board Member | 1 | $0 | $0 | $0 | $0 |
Dr Christopher C Swain
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dr Louis E Costa Ii
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gen Glenn M Walters Usmc Ret
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lt Col William R Cullbreath Jr Us
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr A Foster Mckissick Iii
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Anderson D Warlick
Emeritus
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Brett S Miller-Beg 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Charles B Coe
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Charles B Lawless
Investment Committee Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Christopher C Sullivan
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Claudius E Watts Iv
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Daniel Mcqueeney-Thru 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr David D Aughtry
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr J Brice O'Brien
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr J Todd Watkins
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr James A King Ii-Thru 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr James W Reed - Thru 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Joseph J Keenan
Real Estate Committee Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr L William Krause
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr L William Varnerjr-Beg0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Norman Poole Jr-Thru 1124
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Peter Sulick Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Rafael R Costas Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Richard Sandersjr-Thru0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Robert R Hill Jr
Grants Committee Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Stephen L Davis
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr Tommy B Baker
Nominations/comp Committee Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr W Henry Johnson-Thru 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mr William S Stafford-Beg 1124
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ms Amanda M Orson-Beg 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ms M Russell Holliday Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Radm Stephen C Evans-Beg 0424
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0