About Air Force Academy Foundation
Together, we support the Academy, serve our graduates and preserve the heritage of the institution. To be an Association and Foundation of influence and impact, supporting the Academy’s enduring mission of developing leaders of character for the nation, and providing a lifetime of service to the Long Blue Line.
Focus Areas
Higher education / cadet programsLeadership and character developmentAthleticsHeritage and archivesCapital projects and facilitiesCybersecurity and Institute for Future ConflictCareer services
Who They Fund
foundation/endowment (implicit)
Funding Style
investment activitycapital deploymentnon-grant financial transaction
About Air Force Academy Foundation
A defining feature of Air Force Academy Foundation grantmaking is its direct support for the United States Air Force Academy itself: the two largest recent grants were $15,597,368 in 2024 and $8,556,971 in 2023 to the United States Air Force Academy in USAF Academy, CO. The foundation also funds the infrastructure around the Academy community, including athletics, graduate engagement, and research support. Recent awards include $3,737,294 to Air Force Academy Athletic Corporation and $1,028,418 to Association of Graduates of the Usafa, both in USAF Academy. Its work reflects a broad institutional mission rather than a single short-term program, with funding tied to cadet programs, heritage, career services, and leadership development. The foundation’s stated purpose is to support the Academy, serve graduates, and preserve the heritage of the institution while helping sustain the Long Blue Line. Recent grant activity also shows support for assets and investments tied to Academy operations, including Air Force Academy Real Estate Trust.
What Air Force Academy Foundation Funds
Among its named program areas, cadet experience is a clear priority. The foundation gave $15,597,368 to the United States Air Force Academy for academy operations in 2024, and the annual fund is described as supporting cadet programs, international immersion trips, morale, welfare and recreation, heritage projects, Airmanship Next, graduate services, and summer internships. Athletics is another visible area: Air Force Academy Athletic Corporation received $3,737,294 for Academy-related support. Graduate services and engagement also appear in the grant list, with $1,028,418 to Association of Graduates of the Usafa. The foundation also supports research and future-facing work through a $70,590 grant to Academy Research and Development Institute.
How Air Force Academy Foundation Gives
Grant size varies widely, from a 25th percentile of $85,295 to a median of $891,747 and a 75th percentile of $2,382,856. The pattern is dominated by large institutional awards rather than many small grants. Recent funding also shows repetition: the United States Air Force Academy, Air Force Academy Athletic Corporation, Association of Graduates of the Usafa, and Falcon Foundation each appear more than once across 2023 and 2024. The foundation is not an individual-giving vehicle and does not make program-related investments. Its active programs include both unrestricted annual support and endowed, donor-established funds; one program accepts unsolicited requests, while the others are structured endowment programs.
Financial Snapshot
Annual Giving
$20.5M
Total Assets
$156.5M
Total Revenue
$40.9M
Total Expenses
$28.4M
Typical Grant Size
Most grants fall between $85K and $2.4M, with a median of $892K.
25th Percentile
$85K
Median
$892K
75th Percentile
$2.4M
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
Katie Willemarck
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