Foundation for Advancement of Research is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $658K in total assets. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$658K
-13.5% YoY
Revenue
$41K
-50.5% YoY
Net Investment Income
$32K
Expenses
$9K
-90.7% YoY
About Foundation for Advancement of Research
Based on IRS filings
Foundation for Advancement of Research is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $658K in total assets. Net investment income was $32K.
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 | $658,307 | $761,088 | $713,180 |
| Revenue | $41,259 | $83,430 | $94,820 |
| Expenses | $8,828 | $94,886 | $38,384 |
| Qualifying Distributions | — | $60,000 | $33,334 |
| Net Investment Income | $32,431 | — | $9,458 |
| Distributable Amount | $38,721 | $28,833 | $24,093 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADRIANO RAMPINI | PRESIDENT | 1 | — |
| ISIL EREL | DIRECTOR | 0.25 | — |
| CHESTER SPATT | TREASURER | 1 | — |
| STAVROS PANAGEAS | SECRETARY | 1 | — |
| DIMITRIS PAPANIKOLAOU | DIRECTOR | 0.25 | — |
| NIKOLAI ROUSSANOV | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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