Educational Promise Foundation
Educational Promise Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIAN WELLS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 11 grants totaling $745K. Net investment income was $813K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+2.0% YoY
Annual Giving
$745K
+56.6% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$68K
+28.1% YoY
Under IRS private-foundation payout rules, Educational Promise Foundation reported a distributable amount of $334K for 2024 — the minimum it must pay out in qualifying distributions.
About Educational Promise Foundation
Based on IRS filings
Educational Promise Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIAN WELLS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 11 grants totaling $745K. Net investment income was $813K.
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 | $3,107,868 | $3,045,839 | $3,095,026 |
| Revenue | $951,686 | $586,710 | $509,834 |
| Expenses | $884,445 | $631,920 | $507,450 |
| Qualifying Distributions | $745,275 | $476,000 | $364,000 |
| Net Investment Income | $812,516 | $430,790 | $366,384 |
| Distributable Amount | $334,032 | $338,557 | $398,848 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stand Together Trust ($125,000), Petra Academy ($120,000), Ace Scholarships ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KU ENDOWMENT LAWRENCE, KS | EDUCATIONAL ASSISTANCE | $30,000 |
| NAT'L ALLIANCE FOR PUBLIC CHARTER S WASHINGTON, DC | EDUCATIONAL ASSISTANCE | $25,000 |
| FRONTIER INSTITUTE HELENA, MT | EDUCATIONAL ASSISTANCE | $75,000 |
| PETRA ACADEMY BOZEMAN, MT | EDUCATIONAL ASSISTANCE | $120,000 |
| CHABAD LUBAVITCH MONTANA, MT | EDUCATIONAL ASSISTANCE | $75,000 |
| ED CHOICE INDIANAPOLIS, IN | EDUCATIONAL ASSISTANCE | $75,000 |
| COMMUNITY CHOICE SCHOOLS COMMISSION HELENA, MT | EDUCATIONAL ASSISTANCE | $25,000 |
| JOHNS HOPKINS SCHOOL OF EDUCATION BALTIMORE, MD | EDUCATIONAL ASSISTANCE | $70,275 |
| ACE SCHOLARSHIPS GREENWOOD VILLAGE, CO | EDUCATIONAL ASSISTANCE | $100,000 |
| PUBLIC CHARTER SCHOOLS WASHINGTON, DC | EDUCATIONAL ASSISTANCE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RITA D SCHREIBER | President | 2 | — |
| MATTHEW H SCHREIBER | Treasurer | 2 | — |
| PATRICIA SCHREIBER | Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Educational Promise Foundation?
Educational Promise Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIAN WELLS, CA. It holds $3.1M in total assets as of 2024.
How large is Educational Promise Foundation?
As of 2024, Educational Promise Foundation holds $3.1M in total assets with $952K in annual revenue. It awarded 11 grants totaling $745K in 2024.
Where does Educational Promise Foundation operate?
Educational Promise Foundation has awarded grants in California, Colorado, District of Columbia, Idaho, Indiana, Kansas, Massachusetts, Maryland, Michigan, Montana, Texas.
What size grants does Educational Promise Foundation award?
In 2024, Educational Promise Foundation awarded 11 grants totaling $745K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Educational Promise Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Educational Promise Foundation reported a distributable amount of $334K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Educational Promise Foundation's EIN?
Educational Promise Foundation's EIN (Employer Identification Number) is 68-0554437. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Educational Promise 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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