Memorial Fund of Phi Beta Epsilon

EASTON, MD EIN: 01-6013997

Memorial Fund of Phi Beta Epsilon is a private foundation, based in EASTON, MD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $380K in total assets. In 2025, it awarded 4 grants totaling $18K. Net investment income was $29K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$380K

+5.3% YoY

Annual Giving

$18K

+11.8% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$4K

-44.1% YoY

Under IRS private-foundation payout rules, Memorial Fund of Phi Beta Epsilon reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.

About Memorial Fund of Phi Beta Epsilon

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $61K (96%)

Texas $2K (3%)

District of Columbia $500 (1%)

States

District of Columbia Massachusetts Texas

Cities

BostonCambridgeDallasSomervilleWashinton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$379,690	$360,553	$309,005
Revenue	$29,086	$16,615	$26,758
Expenses	$17,591	$16,314	$20,869
Qualifying Distributions	$17,591	$15,735	$15,850
Net Investment Income	$29,086	$16,615	$26,758
Distributable Amount	$18,373	$16,475	$15,449

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Massachusetts Inst of Technology ($12,500), Food for Free ($2,500), American Heart Association ($2,091).

Recipient	Purpose	Amount
Massachusetts Inst of Technology Cambridge, MA	Higher education institution reserch funds scholarships	$12,500
Food for Free Somerville, MA	Charitable organization who distributes food in the community for those in need	$2,500
Autistic Sef Advocacy Network Washinton, DC	Disabilty rights organization for advocacy of disability rights for people with autism	$500
American Heart Association Dallas, TX	Organization for fighting heart disease and stroke	$2,091

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
Robert J Steininger II	Chairman	0.04	—
Mark Beasman	Treasurer	0.7	—
Joseph Kubit	Trustee	0.04	—
Edward Moore	Trustee	0.04	—
Marc Moesse	Trutee	0.04	—

Frequently Asked Questions

How large is Memorial Fund of Phi Beta Epsilon?

As of 2025, Memorial Fund of Phi Beta Epsilon holds $380K in total assets with $29K in annual revenue. It awarded 4 grants totaling $18K in 2025.

Where does Memorial Fund of Phi Beta Epsilon operate?

Memorial Fund of Phi Beta Epsilon has awarded grants in District of Columbia, Massachusetts, Texas.

What size grants does Memorial Fund of Phi Beta Epsilon award?

In 2025, Memorial Fund of Phi Beta Epsilon awarded 4 grants totaling $18K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Memorial Fund of Phi Beta Epsilon required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Memorial Fund of Phi Beta Epsilon reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Memorial Fund of Phi Beta Epsilon's EIN?

Memorial Fund of Phi Beta Epsilon's EIN (Employer Identification Number) is 01-6013997. IRS Form 990 filing data is available on this page for 2021–2025.