Educational Advancement Foundation

Foundation · Grantmaker Austin, TX EIN: 23-7001761

Educational Advancement Foundation is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $221K in total assets. Net investment income was $5K.

Key facts about Educational Advancement Foundation

EIN
23-7001761
Latest 990 filing
Form 990-PF, 2024
Total assets
$221,216

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$221K

+5.4% YoY

Revenue

$15K

-44.8% YoY

Net Investment Income

$5K

+17.8% YoY

Expenses

$4K

-64.2% YoY

Under IRS private-foundation payout rules, Educational Advancement Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

How Educational Advancement Foundation gives

  • In 2022 it paid out 471% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

AustinBeaumontDallasOaklandRichmond

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K3 grants20203 grants20211 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

7<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K20202021202220232024
Metric202420232022
Total Assets$221,216$209,907$194,199
Revenue$14,951$27,094$96,688
Expenses$3,642$10,187$47,880
Qualifying Distributions——$40,242
Net Investment Income$5,069$4,302$38,450
Distributable Amount$6,580$5,656$8,550

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Educational Advancement Foundation is led by William C. Hamilton, Board Chairman since 2024 (on filings since 2020); none of the 8 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • William C. Hamilton

    Board Chairman

    Trustee → Chairman of, 2023

    Chairman of → Board Chairman, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Alfred Bettis

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Brian Raines

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Don Wukasch

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Pat Pound

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Philip Lucas

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Terry Lester

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Fain Brock

    Treasurer

    Treasurer → President, 2022

    President → Treasurer, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Albert Lewis (2020–2022) — Secretary
  • Former: Harry Lucas Jr. (2020–2021) — President

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Educational Advancement Foundation

How large is Educational Advancement Foundation?

Educational Advancement Foundation reported $221K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $15K.

Where does Educational Advancement Foundation operate?

Educational Advancement Foundation has awarded grants in California, Texas, Virginia.

How much is Educational Advancement Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Educational Advancement Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Educational Advancement Foundation's EIN?

Educational Advancement Foundation's EIN (Employer Identification Number) is 23-7001761. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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