Educational Advancement Foundation
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.
Educational Advancement Foundation at a glance
- Total assets
- $221,216
- +5.4% vs 2023
- Revenue (2024)
- $14,951
- -44.8% vs 2023
- Net investment income (2024)
- $5,069
- +17.8% vs 2023
- Expenses (2024)
- $3,642
- -64.2% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Educational Advancement Foundation funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $9K (2021) to $40K (2022). In 2022 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Initiatives of Change Richmond, VA | In Memory of Harry Lucas Jr | $40,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $221,216 | $14,951 | $3,642 | — | — | — | $5,069 | $6,580 |
| 2023 | $209,907 | $27,094 | $10,187 | — | — | — | $4,302 | $5,656 |
| 2022 | $194,199 | $96,688 | $47,880 | $40,000 | 1 | $40,242 | $38,450 | $8,550 |
| 2021 | $144,191 | $13,616 | $14,435 | $8,900 | 3 | $9,274 | — | $6,643 |
| 2020 | $145,308 | $93,200 | $118,648 | $19,308 | 3 | — | — | $6,643 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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