HBCU Founders Initiative
The corporation is organized and operated for charitable and educational purposes, including without limitation, inspiring and supporting women and minorities to pursue entrepreneurship
HBCU Founders Initiative at a glance
In short: HBCU Founders Initiative gave $39K across 4 grants in 2025 (avg $10K), top state Georgia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $38,600
- +450.2% vs 2024
- Grants made (2025)
- 4
- +300.0% vs 2024
- Average grant
- $9,650
- +37.5% vs 2024
- Median grant
- $10,000
- Total assets
- $196,945
- -3.6% vs 2024
- Primary geography
- Georgia (26% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who HBCU Founders Initiative funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Spelman College ($10K). Together the top 4 received $39K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 12 grants of 13 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How HBCU Founders Initiative gives
- Giving fell 68% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $7K (2024) to $123K (2022). In 2025 it made 4 grants totaling $39K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spelman College Atlanta, GA | To Help the Company Carry Out Its Goals. | $10,000 |
| Hampton University Hampton, VA | To Help the Company Carry Out Its Goals. | $10,000 |
| North Carolina AT&T University Greensboro, NC | To Help the Company Carry Out Its Goals. | $10,000 |
| Bowie State University Foundation Inc Bowie, MD | To Help the Company Carry Out Its Goals. | $8,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $196,945 | $1,336,210 | $1,232,813 | $38,600 | 4 |
| 2024 | $204,359 | $1,902,801 | $1,817,446 | $7,016 | 1 |
| 2023 | $8,693 | $1,175,500 | $1,172,970 | $70,000 | 7 |
| 2022 | $6,163 | $725,000 | $719,337 | $122,500 | 1 |
About HBCU Founders Initiative
Based on IRS filings
HBCU Founders Initiative is a public charity focused on Women and girls, based in San Francisco, CA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $197K in total assets. In 2025, it awarded 4 grants totaling $39K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
HBCU Founders Initiative is led by Marlon Evans, President since 2023 (on filings since 2022); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marlon Evans
President
CFO → President, 2023
On filings since 2022
1 hr/week
No compensation reported
Jarrid Whitney
Director
On filings since 2023
1 hr/week
No compensation reported
Kelsey Morgan Pasqualichio
Director
On filings since 2023
1 hr/week
No compensation reported
Marcela Ruiz
Director
On filings since 2023
1 hr/week
No compensation reported
Shelley Arakawa
Director
On filings since 2023
1 hr/week
No compensation reported
Andre Kirwan
Secretary
On filings since 2023
1 hr/week
No compensation reported
Kip Quackenbush
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 HBCU Founders Initiative
How much does HBCU Founders Initiative give each year?
HBCU Founders Initiative gave $39K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7K across 1 grant.
What is HBCU Founders Initiative's typical grant size?
HBCU Founders Initiative's median grant in 2025 was $10,000, and its average grant was $9,650, across 4 grants on its 2025 IRS Form 990.
Where does HBCU Founders Initiative give grants?
HBCU Founders Initiative's top state is Georgia, with 26% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Virginia (26%) and North Carolina (26%).
Does HBCU Founders Initiative give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on HBCU Founders Initiative's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "To Help the Company Carry Out Its Goals." (4 grants).
How large is HBCU Founders Initiative?
HBCU Founders Initiative reported $197K in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is HBCU Founders Initiative?
HBCU Founders Initiative is a public charity focused on Women and girls, based in San Francisco, CA. It holds $197K in total assets as of 2025.
What is HBCU Founders Initiative's EIN?
HBCU Founders Initiative's EIN (Employer Identification Number) is 86-3846215. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
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