Foundation for Advanced
THE FOUNDATION FOR ADVANCED PHILANTHROPY IS DEDICATED TO RESTORING AND ADVANCING DONOR INVOLVEMENT BY THE FOUNDATION NETWORKING WITH OTHER FOUNDATIONS IN NEED OF FUNDING AID AND BY INCREASING ACCESS, EDUCATION AND RESEARCH OPPORTUNITY NATIONALLY IN ORDER TO BETTER EFFECT THE LIVES OF THOSE IN NEED.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$142.6M
+20.8% YoY
Annual Giving
$2.1M
+129.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.1M
+129.4% YoY
About Foundation for Advanced
Based on IRS filings
Foundation for Advanced is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $142.6M in total assets. In 2023, it awarded 1 grants totaling $2.1M. Net investment income was $588K.
Focus Areas
Ready to take the next step with Foundation for Advanced?
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $142,562,560 | $117,993,330 | $95,466,152 |
| Revenue | $39,321,229 | $30,434,971 | $23,104,166 |
| Expenses | $12,773,051 | $10,211,032 | $976,801 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $588,428 | $549,673 | $387,670 |
| Distributable Amount | — | — | — |
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 2023
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Various 501(c)(3) Orgs ($2,055,137).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS 501(C)(3) ORGS | — | $2,055,137 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON L CRACE | CEO/DIRECTOR | 20 | $185,000 |
| BARRY D SILBERMANN | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation for Advanced?
Foundation for Advanced is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $142.6M in total assets as of 2023.
How large is Foundation for Advanced?
As of 2023, Foundation for Advanced holds $142.6M in total assets with $39.3M in annual revenue. It awarded 1 grants totaling $2.1M in 2023.
What size grants does Foundation for Advanced award?
In 2023, Foundation for Advanced awarded 1 grants totaling $2.1M — an average of about $2.1M per grant, based on its IRS Form 990 filings.
What is Foundation for Advanced's EIN?
Foundation for Advanced's EIN (Employer Identification Number) is 27-3308754. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Foundation for Advanced's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Lilly Endowment Inc
INDIANAPOLIS, IN
Assets
$79.9B
Grants
1,808
Total Given
$2.3B
Central Indiana Community Foundation Inc
INDIANAPOLIS, IN
Assets
$583.5M
Grants
525
Total Given
$31.1M
United Way of Central Indiana Inc
INDIANAPOLIS, IN
Assets
$255.2M
Grants
370
Total Given
$29.9M
Round Room Gives Inc
FISHERS, IN
Assets
$1.4M
Grants
357
Total Given
$1.8M
Lumina Foundation for Education Inc
INDIANAPOLIS, IN
Assets
$1.5B
Grants
357
Total Given
$30.0M
University of Notre Dame du Lac
NOTRE DAME, IN
Assets
$26.7B
Grants
356
Total Given
$42.0M
Indianapolis Center for Congregations Inc
INDIANAPOLIS, IN
Assets
$62.6M
Grants
336
Total Given
$7.6M
Nina Mason Pulliam Charitable Trust
INDIANAPOLIS, IN
Assets
$441.1M
Grants
328
Total Given
$22.7M
Nicholas H Noyes Jr Memorial
CARMEL, IN
Assets
$133.1M
Grants
284
Total Given
$4.4M
Community Foundation
ELKHART, IN
Assets
$461.3M
Grants
281
Total Given
$25.8M
Welborn Baptist Foundation Inc
EVANSVILLE, IN
Assets
$96.4M
Grants
274
Total Given
$4.0M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Foundation for Advanced on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Foundation for Advanced to a real strategy.