Arete Scholars Fund Inc
Arete Scholars Fund Inc is a public charity based in Suwanee, Georgia. It supports educational opportunity for underserved and lower-income students through need-based K–12 scholarships that help families choose private schools suited to their children’s needs.
Arete Scholars Fund Inc at a glance
In short: Arete Scholars Fund Inc reported $5.1M in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $5,084,994 — reported as a total on the IRS filing, without an itemized list
- -4.6% vs 2024
- Total assets
- $12,408,193
- +13.9% vs 2024
- Revenue (2025)
- $7,423,910
- +19.7% vs 2024
- Net investment income (2025)
- $447,840
- +57.3% vs 2024
- Expenses (2025)
- $6,068,212
- +1.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Arete Scholars Fund Inc
- Contact
Mailing address: 500 Buford Hwy Ne, Suwanee, GA 30024
Phone: (404) 697-2649
Website: https://aretescholars.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Arete Scholars Fund Inc funds
Geographic Focus
Where this funder awards grants
Arete currently describes its scholarship programs as operating in Georgia and Louisiana. Its website also says it is expanding to Alabama in 2026. The 2024 filing narrative refers to investment in scholars across Georgia.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $915 (2022) to $5.3M (2024). In 2025 it reported $5.1M in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $12,408,193 | $7,423,910 | $6,068,212 | $5,084,994 | Total only | $447,840 |
| 2024 | $10,897,213 | $6,203,850 | $5,969,993 | $5,331,353 | Total only | $284,645 |
| 2023 | $10,292,233 | $6,176,961 | $5,500,936 | — | — | $97,847 |
| 2022 | $9,628,160 | $5,894,748 | $4,728,675 | $915 | Total only | $29,825 |
| 2021 | $8,445,771 | $4,355,145 | $4,538,562 | $1,000 | Total only | $36,439 |
| 2020 | $8,687,569 | $4,599,543 | $4,085,589 | $5,500 | 1 | $98,040 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to help low-income students reach their highest potential through educational opportunity. Its website describes its mission as advancing excellence in underserved and marginalized children by opening doors to opportunity.
Arete’s core support is need-based K–12 scholarships. Its website also describes academic support, character and leadership formation, college and career pathways, and support for alumni and families. The 2024 filing narrative says that in FY 2025 the organization expanded scholar-development programming across four pillars: Academic Support, Leadership Formation, College & Career Pathways, and Sustaining Success. The filing also describes regional employer partnerships intended to create internship and workforce pathways for graduating scholars.
Grantmaking
The IRS filing data reports zero grants in each of 2023, 2024, and 2025. The organization’s website describes scholarships for students and families; those awards are distinct from grants to outside organizations. A filing narrative reports that Arete invested more than $5 million in 1,247 scholars across Georgia, but does not clearly tie that amount and count to a specific year.
The website says scholarship applications generally open in February or March for the following school year, with new applications accepted only if funds are available and returning students receiving priority. It gives state-specific eligibility requirements, including income and prior-school-enrollment criteria. The website lists a $42 application and processing fee in its Louisiana FAQ and a $45 third-party processing fee in its Georgia FAQ; it says the fee is paid to the application provider, not Arete. A Louisiana application period listed as March 3–May 1, 2026 is past.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Arthur Dupre as President, Gregory Beadles as Board Chairman, Derek Monjure as Board Member, and James Smith as Secretary. The organization’s website lists Arthur Dupré as President and identifies Greg Beadles, Derek Monjure, and Jim Smith among its board members.
Arete Scholars Fund Inc is led by Arthur Dupre, President on every filing since 2022; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Arthur Dupre
President
On filings since 2022
40 hrs/week
$69K (2022) → $307K (2025)
Gregory Beadles
Board Chairman
On filings since 2020
1 hr/week
No compensation reported
Derek Monjure
Board Member
President & Board Member → Vice President, 2021
Vice President → Board Member, 2022
On filings since 2020
1 hr/week
$130K (2020) → $0 (2025)
James Smith
Secretary
President & Board Member → Board Member, 2023
Board Member → Secretary, 2024
On filings since 2021
1 hr/week
$60K (2021) → $0 (2025)
Former officers (3)
- Former: Al Petrangeli (2020–2023) — Treasurer
- Former: Chris Prince (2020–2023) — Vice President
- Former: Terry Tucker (2020–2023) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $307K, to Arthur Dupre (President).
Frequently asked questions about Arete Scholars Fund Inc
How much does Arete Scholars Fund Inc give each year?
Arete Scholars Fund Inc reported $5.1M in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $5.3M in grants paid.
How large is Arete Scholars Fund Inc?
Arete Scholars Fund Inc reported $12.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.4M.
What does Arete Scholars Fund Inc fund?
The organization’s stated mission is to help low-income students reach their highest potential through educational opportunity. Its website describes its mission as advancing excellence in underserved and marginalized children by opening doors to opportunity. See mission & focus areas ↑
How do I apply for a grant from Arete Scholars Fund Inc?
Arete Scholars Fund Inc has no public application process in the sources Grantable reviewed. Check aretescholars.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Arete Scholars Fund Inc make grants?
Arete currently describes its scholarship programs as operating in Georgia and Louisiana. Its website also says it is expanding to Alabama in 2026. The 2024 filing narrative refers to investment in scholars across Georgia.
What is Arete Scholars Fund Inc's EIN?
Arete Scholars Fund Inc's EIN (Employer Identification Number) is 27-2494520. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 5, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Arete Scholars Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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