Black Economic Alliance Foundation
THE ORGANIZATION FOCUSES ON ADVANCING ECONOMIC PROGRESS IN BLACK COMMUNITIES BY SUPPORTING RESEARCH, EDUCATION, AND PUBLIC POLICY DEVELOPMENT AROUND WORK, WAGES, AND WEALTH IN THE BLACK COMMUNITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.9M
+80.4% YoY
Annual Giving
$1.9M
Grant Count
5
Avg Grant Size
$385K
About Black Economic Alliance Foundation
Based on IRS filings
Black Economic Alliance Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.9M in total assets. In 2024, it awarded 5 grants totaling $1.9M. Net investment income was $297K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,908,498 | $16,027,539 | $12,308,358 |
| Revenue | $22,891,381 | $12,905,048 | $16,214,838 |
| Expenses | $8,814,333 | $12,291,435 | $7,586,742 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $297,446 | — | — |
| 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 5 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Open Grants
1 open opportunity from Black Economic Alliance Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spelman College ($1,250,000), Vote to Live Action Fund ($247,380), Black Economic Alliance (c4) ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SPELMAN COLLEGE ATLANTA, GA | TO SUPPORT THE CENTER FOR BLACK ENTREPRENEURSHIP | $1,250,000 |
| BLACK ECONOMIC ALLIANCE (C4) WASHINGTON, DC | NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS | $179,887 |
| BLACK ECONOMIC ALLIANCE (C4) WASHINGTON, DC | NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS | $50,000 |
| BLACK ECONOMIC ALLIANCE (C4) WASHINGTON, DC | NONPARTISAN ACTIVITY AND POLLING RELATED TO ECONOMIC OPPORTUNITIES FOR BLACK AMERICANS | $200,000 |
| VOTE TO LIVE ACTION FUND WASHINGTON, DC | TO FUND SECTION 501(C)(3) - PERMISSIBLE ACTIVITIES | $247,380 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| N ANTHONY COLES JR | DIRECTOR, PRESIDENT | 6 | — |
| VICKI PALMER | DIRECTOR,TREASURER | 4.9 | — |
| CHARLES PHILLIPS | DIRECTOR, SECRETARY | 6 | — |
| TIA BREAKLEY | DIRECTOR, ASST TREASURER | 2.4 | — |
| KNEELAND YOUNGBLOOD | DIRECTOR | 1.2 | — |
| ROBYN COLES | DIRECTOR | 6 | — |
| DEVAL PATRICK | DIRECTOR | 1.2 | — |
| BRODERICK JOHNSON | DIRECTOR | 1.2 | — |
| MATTIE MCFADDEN-LAWSON | DIRECTOR | 0.7 | — |
| RICHELIEU DENNIS | DIRECTOR | 0.7 | — |
| BENEREE WILEY | DIRECTOR | 0.7 | — |
| ROSALIND BREWER | DIRECTOR | 0.7 | — |
| SAMANTHA TWEEDY | CHIEF EXECUTIVE DIRECTOR | 34 | — |
| ALAINA BEVERLY | EXECUTIVE VICE PRESIDENT | 40 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Black Economic Alliance Foundation?
Black Economic Alliance Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WASHINGTON, DC. It holds $28.9M in total assets as of 2024.
How large is Black Economic Alliance Foundation?
As of 2024, Black Economic Alliance Foundation holds $28.9M in total assets with $22.9M in annual revenue. It awarded 5 grants totaling $1.9M in 2024.
Where does Black Economic Alliance Foundation operate?
Black Economic Alliance Foundation has awarded grants in District of Columbia, Georgia.
What size grants does Black Economic Alliance Foundation award?
In 2024, Black Economic Alliance Foundation awarded 5 grants totaling $1.9M — an average of about $385K per grant, based on its IRS Form 990 filings.
What is Black Economic Alliance Foundation's EIN?
Black Economic Alliance Foundation's EIN (Employer Identification Number) is 83-3790370. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Black Economic Alliance Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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