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Key facts about Educational Foundation
- EIN
- 56-6094839
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $15,351,880
- Grants made (2024)
- 1
- Average grant
- $15,351,880
- Median grant
- $15,351,880
- Total assets
- $423,089,958
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
How Educational Foundation gives
- Giving grew 25% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Educational Foundation
- How to evaluate Educational Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$423.1M
+8.2% YoY
Annual Giving
$15.4M
+9.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$15.4M
+9.9% YoY
About Educational Foundation
Based on IRS filings
Educational Foundation is a nonprofit organization focused on Education, based in Chapel Hill, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $423.1M in total assets. In 2024, it awarded 1 grant totaling $15.4M. Net investment income was $16.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $423,089,958 | $390,931,229 | $400,369,374 |
| Revenue | $23,391,900 | $25,424,536 | $25,037,284 |
| Expenses | $15,179,740 | $14,052,980 | $12,994,195 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $16,590,603 | $15,386,308 | $13,981,575 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Educational Foundation Inc ($15,351,880).
| Recipient | Purpose | Amount |
|---|---|---|
| THE EDUCATIONAL FOUNDATION INC Chapel Hill, NC | SCHOLARSHIPS | $15,351,880 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ken Williams | Investment Committee Membe | — | — |
| Tom Chewning | Investment Committee Membe | — | — |
| Lowry Caudill | Investment Committee Membe | — | — |
| Dwight Stone | Investment Committee Membe | — | — |
| Frank Brenner | Investment Committee Membe | — | — |
| John Montgomery | Executive Director | — | — |
| Ken Mack | Senior Asssociate Executiv | — | — |
| Diane Aldridge | CFO & General Counsel | — | — |
| Matt Terrell | Chief Strategy & Communica | — | — |
| Emily Coble | Senior Director of Finance | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Educational Foundation?
Educational Foundation is a nonprofit organization focused on Education, based in Chapel Hill, NC. It holds $423.1M in total assets as of 2024.
How large is Educational Foundation?
As of 2024, Educational Foundation holds $423.1M in total assets with $23.4M in annual revenue. It awarded 1 grant totaling $15.4M in 2024.
Where does Educational Foundation operate?
Educational Foundation has awarded grants in North Carolina.
What size grants does Educational Foundation award?
In 2024, Educational Foundation awarded 1 grant totaling $15.4M — an average of about $15.4M per grant, based on its IRS Form 990 filings.
What is Educational Foundation's EIN?
Educational Foundation's EIN (Employer Identification Number) is 56-6094839. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.