About Alcorn State University Foundation
Provide scholarship funding and financial assistance to Alcorn State University students to support access to and completion of higher education.
Focus Areas
Higher educationScholarshipsStudent financial aid
Who They Fund
university studentsfaculty and academic staffuniversity administratorscollege athletic teams
Funding Style
institutional supportgeneral operating supportprogrammatic supportcapacity building
Topics
About Alcorn State University Foundation
Alcorn State University Foundation Inc gave $2,570,150 in 2025 to Alcorn State University for support of university administration, academics, and athletics, showing a grantmaking pattern centered on institutional support rather than dispersed external giving. The foundation’s recent record also includes $1,544,819 in 2024 and $956,817 in 2023 to the same recipient and for the same broad purpose, indicating a repeated relationship with the university’s core operations. Beyond that campus-wide support, the foundation also runs a scholarship program for enrolled Alcorn State University students, with Phase II GAP Assistance Scholarships designed to address unmet financial need after other aid is applied. The program description says awards can be used for tuition and fees, and in some cases housing and dining, which places student financial aid alongside administrative, academic, and athletic support as part of the foundation’s work. As a public charity, it reports annual grants of $5,071,786 and total assets of $60,099,539.
What Alcorn State University Foundation Funds
The foundation’s work is anchored in higher education support for Alcorn State University students and the university itself. In student financial aid, its Phase II GAP Assistance Scholarships are need- and merit-based awards for enrolled students to help cover unmet financial need after other aid has been applied. Those awards can support tuition and fees, and in some cases housing and dining. The foundation also provides direct institutional support: in 2025 it gave $2,570,150 to Alcorn State University for university administration, academics, and athletics. That same broad purpose appears in its 2024 and 2023 grants as well, showing that academic and operational support are recurring parts of its grantmaking. The beneficiary profile includes university students, faculty and academic staff, university administrators, and college athletic teams.
How Alcorn State University Foundation Gives
Typical grants are large and tightly clustered: the p25 is $1,103,818, the median is $1,250,818, and the p75 is $1,397,818. Recent grants show repetition to the same recipient across 2023, 2024, and 2025, all to Alcorn State University in Lorman, MS. The foundation is a public charity, and its giving appears to be institutionally focused rather than individual-based; it does not fund individuals and makes no program-related investments. It also offers an active scholarship program with unsolicited applications accepted for Phase II GAP Assistance Scholarships.
Financial Snapshot
Annual Giving
$2.6M
Total Assets
$60.1M
Total Revenue
$5.2M
Total Expenses
$4.2M
Typical Grant Size
Most grants fall between $1.1M and $1.4M, with a median of $1.3M.
25th Percentile
$1.1M
Median
$1.3M
75th Percentile
$1.4M
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in MS.
Funding intensity
LowHigh
Headquarters
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