Foundation for the Advancement of
Foundation for the Advancement of is a private foundation focused on Education, based in Palm Harbor, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $846K in total assets. In 2025, it awarded 1 grant totaling $498K.
Foundation for the Advancement of at a glance
In short: Foundation for the Advancement of gave $498K across 1 grant in 2025 (avg $498K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $498,371
- +1487.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $498,371
- +1487.1% vs 2024
- Median grant
- $498,371
- Total assets
- $845,966
- -22.8% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Foundation for the Advancement of funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Spring Valley School ($498K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Foundation for the Advancement of gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $23K (2023) to $498K (2025). In 2025 it made 1 grant totaling $498K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spring Valley School Palm Harbor, FL | Contribution to General Fund for School Expansion | $498,371 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $845,966 | $250,000 | $500,551 | $498,371 | 1 | $500,551 | $44,743 |
| 2024 | $1,096,517 | $420,000 | $36,399 | $31,402 | 1 | $36,399 | $46,787 |
| 2023 | $712,916 | $300,000 | $77,126 | $22,622 | 1 | $77,126 | $25,689 |
| 2022 | $490,042 | — | $9,958 | — | — | $9,958 | $24,390 |
| 2021 | $500,000 | $500,000 | — | — | — | — | $2,052 |
Under IRS private-foundation payout rules, Foundation for the Advancement of reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation for the Advancement of is led by Richard Collins, CEO on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Collins
CEO
On filings since 2021
No compensation reported
Margaret Collins
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Foundation for the Advancement of
How much does Foundation for the Advancement of give each year?
Foundation for the Advancement of gave $498K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 1 grant.
How large is Foundation for the Advancement of?
Foundation for the Advancement of reported $846K in total assets on its 2025 IRS Form 990-PF. It paid out $501K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
What is Foundation for the Advancement of?
Foundation for the Advancement of is a private foundation focused on Education, based in Palm Harbor, FL. It holds $846K in total assets as of 2025.
Where does Foundation for the Advancement of operate?
Foundation for the Advancement of has awarded grants in Florida.
What is Foundation for the Advancement of's EIN?
Foundation for the Advancement of's EIN (Employer Identification Number) is 87-4029965. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 15, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 30, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Foundation for the Advancement of funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Foundation for the Advancement of's focus areas in our free grants database
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