Foundations in Education Inc
Foundations in Education Inc (FIE) is a nonprofit organization based in Shelton, Connecticut, created to support the Diocese of Bridgeport's mission to advance Catholic education in Fairfield County. The organization operates as Connecticut's largest K-8 Scholarship Granting Organization (SGO) in Fairfield County and serves as a key funding mechanism for Catholic schools in the region.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$59.8M
+37.0% YoY
Annual Giving
$4.7M
-14.6% YoY
Grant Count
22
-4.3% YoY
Avg Grant Size
$212K
-10.7% YoY
Mission & Focus Areas
Foundations in Education Inc is committed to strengthening and transforming the mission of Catholic education in the Diocese of Bridgeport by:
- Providing tuition assistance to families in need
- Supporting innovation in academic programs
- Fostering opportunities for the professional development of school leaders
The organization's primary funding focus areas include education, K-12 schools, charter schools, Head Start programs, and parent-teacher organizations.
Grantmaking
FIE awarded nearly 1,200 students tuition assistance and 21 teachers innovation and leadership grants in its most recent cycle. The organization supported transformative projects at a high school and elementary schools across the Diocese of Bridgeport.
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Geographic Focus
Where this funder awards grants
Foundations in Education Inc primarily funds organizations in Connecticut, with a specific focus on schools within the Diocese of Bridgeport and Fairfield County.
Financial History
Multi-year comparison from IRS filings
As of 2025:
- Total Assets: $59,771,846
- Total Annual Giving: $5,942,478
- Total Revenues: $17,351,326
- Total Expenses: $6,605,146
- Staff: 4 employees
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $59,771,846 | $43,643,954 | $40,425,890 |
| Revenue | $17,351,326 | $6,777,905 | $7,032,652 |
| Expenses | $6,605,146 | $6,054,931 | $6,118,695 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,966,658 | $1,401,756 | $990,649 |
| 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 10 recipients in 2025
Grant Size Distribution
120 grants across all recorded years
Open Grants
5 open opportunities from Foundations in Education Inc
Christopher Ripp Early Learning Program
Foundations in Education Inc
Amount
Up to $1,000,000 program funding
Deadline
Rolling / Open
COVID-19 Emergency Tuition Assistance Fund
Foundations in Education Inc
Amount
Varies
Deadline
Rolling / Open
Innovation & Leadership Grants
Foundations in Education Inc
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Hanlon | Treasurer - Term. 12/1/24 | 1 | — |
| Anne O McCrory | TRUSTEE | 1 | — |
| Holly Doherty-Lemoine | Executive Director | 50 | $190,916 |
| Thomas E McInerney | TRUSTEE | 1 | — |
| Dr Julia McNamara | Trustee | 1 | — |
| Bernard Reidy | Trustee | 1 | — |
| David Cappiello | Trustee | 1 | — |
| Joseph Purcell | CHAIRMAN | 1 | — |
| George Coleman | Trustee | 1 | — |
| Andrea Maldon | Trustee | 1 | — |
| Sister Mary Grace Walsh | Trustee | 1 | — |
| Leslie Lopez | Trustee | 1 | — |
| Michele Mitola | SECRETARY | 1 | — |
| Tim Fitzpatrick | Trustee | 1 | — |
| Jennifer St Victor - de Pinho | Trustee | 1 | — |
| Tom McDevitt | Trustee | 1 | — |
| GEOFFREY Raker | Trustee | 1 | — |
| Barbara Ripp | Trustee | 1 | — |
| Henry Rondon | Trustee | 1 | — |
| Lisa Ferraro Martino | Trustee | 1 | — |
| PAULA SUMMA | Treasurer | 1 | — |
| Joseph Rahtelli III | Trustee | 1 | — |
| Allison Reiling | Trustee | 1 | — |
| Tom Cassidy | Trustee - Starting 12/1/24 | 1 | — |
| John Corraro | Trustee - Starting 12/1/24 | 1 | — |
| Kara Klein | Trustee - Starting 12/1/24 | 1 | — |
| Joseph Matthews | Trustee - Starting 12/1/24 | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025-2026 Bishop's Scholarship Fund Impact:**
2,283 applications submitted
1,149 students awarded tuition assistance
$2,985,937 awarded in tuition assistance
20 schools impacted
The organization announced its 2026 Innovation & Leadership Grants program and continues to conduct annual grant cycles to support Catholic education initiatives across the Diocese of Bridgeport.
FIE Announces 2025 Grant Awardees - Foundations in EducationSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Foundations in Education Inc 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