Horatio Alger Endowment Fund
The purpose of the fund is to promote educational and charitable purposes, and in particular to receive, hold, invest and distribute funds to the horatio alger association of distinguished americans, inc. (the "association") for the benefit of the association's existing and future programs.
Horatio Alger Endowment Fund at a glance
In short: Horatio Alger Endowment Fund gave $11.8M across 1 grant in 2024 (avg $11.8M), mostly in Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $11,779,287
- -7.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $11,779,287
- -7.1% vs 2023
- Median grant
- $11,779,287
- Total assets
- $345,148,740
- +4.6% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Horatio Alger Endowment Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Horatio Alger Assn of Distinguished Americans Inc ($11.8M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Horatio Alger Endowment Fund gives
- Giving grew 64% from 2021 to 2024. 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 2020 to 2024, annual grant giving ranged from $3.8M (2022) to $12.7M (2023). In 2024 it made 1 grant totaling $11.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Horatio Alger Assn of Distinguished Americans Inc Alexandria, VA | Transfers to Supported Organization | $11,779,287 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $345,148,740 | $13,748,030 | $16,122,465 | $11,779,287 | 1 | $8,861,655 |
| 2023 | $329,998,445 | $12,596,913 | $15,504,446 | $12,685,108 | 1 | $6,646,947 |
| 2022 | $307,856,993 | $41,403,763 | $7,017,611 | $3,827,733 | 1 | $20,014,701 |
| 2021 | $322,951,010 | $58,271,352 | $8,352,050 | $7,203,700 | 1 | $31,805,315 |
| 2020 | $274,481,369 | $16,840,883 | $8,944,491 | $7,752,383 | 1 | $9,237,898 |
About Horatio Alger Endowment Fund
Based on IRS filings
Horatio Alger Endowment Fund is a public charity focused on Education, based in Alexandria, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $345.1M in total assets. In 2024, it awarded 1 grant totaling $11.8M. Net investment income was $8.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Horatio Alger Endowment Fund is led by Lesley Albanese, Chief Executive Officer on the 2024 filing; none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lesley Albanese
Chief Executive Officer
New on the 2024 filing
9 hrs/week
No compensation reported
James M. Seneff Jr.
President
Director → Secretary, 2021
Secretary → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Terrence J. Giroux
Executive Director
On filings since 2020
9 hrs/week
No compensation reported
Leon G. Cooperman
Chairman
Director → Chairman, 2023
On filings since 2021
1 hr/week
No compensation reported
Dennis R. Washington
Director
On filings since 2020
1 hr/week
No compensation reported
Calvin Sisson
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Rollins
Director
On filings since 2023
1 hr/week
No compensation reported
Stanley Kroenke
Director
On filings since 2023
1 hr/week
No compensation reported
Constantine G. Katsaraskis
Chief Operating Officer
Associate Executive Director → Chief Operating Officer, 2023
On filings since 2020
6 hrs/week
No compensation reported
John B. Thornburg
Chief Financial Officer
Managing Director → Chief Financial Officer, 2023
On filings since 2020
11 hrs/week
No compensation reported
John Weiland
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Debra J. Stancil
Manager of Nominations
On filings since 2022
1 hr/week
No compensation reported
Don Daseke
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: Margaret Slipek (2020–2023) — Senior Manager of Membership Programs
- Former: David L. Sokol (2020–2022) — President
- Former: Joseph Neubauer (2020–2022) — Vice President
- Former: Paul Anthony Novelly (2020–2022) — Chairman
- Former: Anthony Welters (2020) — Assistant Secretary
- Former: Walter Scott Jr. (2020) — Chairman & President
Data from IRS Form 990 filings, 2020–2024. "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 Horatio Alger Endowment Fund
How much does Horatio Alger Endowment Fund give each year?
Horatio Alger Endowment Fund gave $11.8M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $12.7M across 1 grant.
How large is Horatio Alger Endowment Fund?
Horatio Alger Endowment Fund reported $345.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $13.7M.
What is Horatio Alger Endowment Fund?
Horatio Alger Endowment Fund is a public charity focused on Education, based in Alexandria, VA. It holds $345.1M in total assets as of 2024.
Where does Horatio Alger Endowment Fund operate?
Horatio Alger Endowment Fund has awarded grants in Virginia.
What is Horatio Alger Endowment Fund's EIN?
Horatio Alger Endowment Fund's EIN (Employer Identification Number) is 27-2480291. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Horatio Alger Endowment Fund funds
Education Open opportunities, soonest deadline first.
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