The Edward P. Evans Foundation is a private foundation established in 1984 by Edward P. Evans to facilitate his philanthropic interests. Headquartered in Andover, Massachusetts, the foundation operates as a 501(c)(3) organization (EIN: 25-6232129) with tax-exempt status since July 2018. Following Edward P. Evans' death from acute myelogenous leukemia on December 31, 2010, the foundation refocused its grantmaking to honor his legacy and philanthropic wishes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$245.0M
-3.5% YoY
Annual Giving
$12.0M
-24.9% YoY
Grant Count
38
-11.6% YoY
Avg Grant Size
$317K
-15.0% YoY
Under IRS private-foundation payout rules, Edward P Evans Foundation reported a distributable amount of $16.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports transformational and collaborative medical research, educational institutions, and modern American visual arts. Its primary focus areas include:
- Medical Research: Collaborative and transformational research on myelodysplastic syndromes (MDS) and acute myeloid leukemia (AML)
- Educational Institutions: Support for educational beneficiaries, including institutions that impacted Edward P. Evans' life such as Eaglebrook School in Deerfield, Massachusetts
- Visual Arts: Grants for support of modern American visual arts
The foundation's medical research focus was shaped by Edward P. Evans' own experience with acute myelogenous leukemia.
Grantmaking
The foundation has established dedicated research centers, including the Edward P. Evans Center for Myelodysplastic Syndromes at Columbia University, which awards grants and fellowships for MDS research.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities include New York, Maine, and Texas. However, its reach extends nationally, with grants to major research institutions across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $244,993,495
- Total Revenue: $12,049,432
- Total Expenses: $20,969,974
- Total Liabilities: $13,500
Historical Context: In 2010, Edward P. Evans pledged $50 million to Yale University for the construction of Edward P. Evans Hall, a state-of-the-art building designed by Sir Norman Foster & Partners, which became the centerpiece of the Yale School of Management campus.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $244,993,495 | $253,917,323 | $268,369,192 |
| Revenue | $12,049,432 | $10,262,851 | $47,651,358 |
| Expenses | $20,969,974 | $24,712,965 | $21,449,945 |
| Qualifying Distributions | $13,871,849 | $17,737,743 | $15,027,540 |
| Net Investment Income | $1,728,015 | $1,694,496 | $37,611,229 |
| Distributable Amount | $16,626,307 | $16,117,954 | $17,257,903 |
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
183 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dana-farber Cancer Institute ($1,410,924), Washington University ($1,130,000), University of Texas South Western Medical Center ($525,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBERT EINSTEIN COLLEGE OF MEDICINE BRONX, NY | SUPPORT SCIENTIFIC RESEARCH | $502,500 |
| BOSTON CHILDREN'S HOSPITAL BOSTON, ME | SUPPORT SCIENTIFIC RESEARCH | $412,500 |
| BRIGHAM & WOMEN'S HOSPITAL BOSTON, ME | SUPPORT SCIENTIFIC RESEARCH | $325,000 |
| CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER CINCINNATI, OH | SUPPORT SCIENTIFIC RESEARCH | $437,500 |
| COLD SPRING HARBOR LABORATORY COLD SPRING HARBOR, NY | SUPPORT SCIENTIFIC RESEARCH | $25,000 |
| COLUMBIA UNIVERSITY NEW YORK, NY | SUPPORT SCIENTIFIC RESEARCH | $165,000 |
| DANA-FARBER CANCER INSTITUTE BOSTON, ME | SUPPORT SCIENTIFIC RESEARCH | $1,410,924 |
| INSTITUT GUSTAVE ROUSSY | SEE EXPENDITURE RESPONSIBILITY STATEMENT | $187,500 |
| FRED HUTCHINSON CANCER CENTER SEATTLE, WA | SUPPORT SCIENTIFIC RESEARCH | $400,000 |
| HELSINKI UNIVERSITY HOSPITAL | SEE EXPENDITURE RESPONSIBILITY STATEMENT | $200,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Stavroula Kousteni: Director
The foundation employs 7 staff members as of 2024.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT EVANS | TRUSTEE | 5 | $175,000 |
| WILLIAM S FARISH IV | TRUSTEE | 8 | $175,000 |
| BARBARA BIERER | TRUSTEE | 12 | $200,000 |
| JAMES L TULLIS | TRUSTEE | 5 | $175,000 |
| BENJAMIN POLAK | TRUSTEE | 5 | $175,000 |
| MICHAEL LEWIS | PRESIDENT | 50 | $459,440 |
| TRACEY BOLOTNICK | GENERAL COUNSEL | 16 | $120,000 |
Recent News & Activity
Recent developments and announcements
The foundation has established the Edward P. Evans Center for Myelodysplastic Syndromes at Columbia University's Herbert Irving Comprehensive Cancer Center, which awards inaugural grants and fellowships to advance research in blood disorder therapies.
$5 million grant endows research to advance blood disorder therapiesThe foundation has made significant research endowments, including a $5 million grant to advance blood disorder therapies through research partnerships.
$5 million grant endows research to advance blood disorder therapiesSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Edward P Evans Foundation fund?
The foundation supports transformational and collaborative medical research, educational institutions, and modern American visual arts. Its primary focus areas include: • **Medical Research**: Collaborative and transformational research on myelodysplastic syndromes (MDS) and acute myeloid leukemia (AML) • **Educational Institutions**: Support for educational beneficiaries, including institutions that impacted Edward P. Evans' life such as Eaglebrook School in Deerfield, Massachusetts • **Visual…
How do I apply for a grant from Edward P Evans Foundation?
**Grant Amounts**: Typical awards range from $5,000 to $2,900,000. **Recent Grants** (2024): • New York University School of Medicine Veba Trust: $502,500 (Support Scientific Research) • Albert Einstein College of Medicine: $502,500 (Support Scientific Research) • Northwestern University: $440,000 (Support Scientific Research) **Total Giving**: $12,042,240 (2024) The foundation has established dedicated research centers, including the Edward P. Evans Center for Myelodysplastic Syndromes at Colu…
Where does Edward P Evans Foundation make grants?
The foundation's grantmaking priorities include New York, Maine, and Texas. However, its reach extends nationally, with grants to major research institutions across the United States.
What size grants does Edward P Evans Foundation award?
In 2024, Edward P Evans Foundation awarded 38 grants totaling $12.0M — an average of about $317K per grant, based on its IRS Form 990 filings.
How much is Edward P Evans Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward P Evans Foundation reported a distributable amount of $16.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward P Evans Foundation's EIN?
Edward P Evans Foundation's EIN (Employer Identification Number) is 25-6232129. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Edward P Evans Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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