Memorial Fund of Phi Beta Epsilon
Memorial Fund of Phi Beta Epsilon is a private foundation, based in Easton, MD. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $471K in total assets. In 2026, it awarded 2 grants totaling $19K. Net investment income was $26K.
Key facts about Memorial Fund of Phi Beta Epsilon
In short: Memorial Fund of Phi Beta Epsilon gave $19K across 2 grants in 2026 (avg $9K), mostly in Massachusetts. Source: 2026 IRS Form 990-PF.
- EIN
- 01-6013997
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $18,500
- Grants made (2026)
- 2
- Average grant
- $9,250
- Median grant
- $9,250
- Total assets
- $470,619
- Primary geography
- Massachusetts (82% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$471K
+23.9% YoY
Annual Giving
$19K
+5.2% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$9K
+110.3% YoY
Under IRS private-foundation payout rules, Memorial Fund of Phi Beta Epsilon reported a distributable amount of $21K for 2026 — the minimum it must pay out in qualifying distributions.
How Memorial Fund of Phi Beta Epsilon gives
- Giving held roughly steady from 2023 to 2026 (+17%). Method
- In 2026 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $2K (2022) to $19K (2026). In 2026 it made 2 grants totaling $19K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Massachusetts Inst of Technology ($15K). Together the top 2 received $19K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Inst of Technology Cambridge, MA | Higher education institution reserch funds scholarships | $15,250 |
| American Heart Association Dallas, TX | Organization for fighting heart disease and stroke | $3,250 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $470,619 | $379,690 | $360,553 |
| Revenue | $26,715 | $29,086 | $16,615 |
| Expenses | $19,110 | $17,591 | $16,314 |
| Qualifying Distributions | $19,110 | $17,591 | $15,735 |
| Net Investment Income | $26,105 | $29,086 | $16,615 |
| Distributable Amount | $20,618 | $18,373 | $16,475 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 16, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Memorial Fund of Phi Beta Epsilon is led by Joseph Kubit, Chairman since 2026 (on filings since 2021); none of the 6 officers listed in 2026 report compensation.
Officers on the 2026 filing
Joseph Kubit
Chairman
Trustee → Chairman, 2026
On filings since 2021
0 hrs/week
No compensation reported
Edward Moore
Trustee
On filings since 2021
0 hrs/week
No compensation reported
Matthew Tschantz
Trustee
New on the 2026 filing
0 hrs/week
No compensation reported
Marc Moesse
Secretary
Secretary → Trutee, 2025
Trutee → Secretary, 2026
On filings since 2021
0 hrs/week
No compensation reported
Mark Beasman
Treasurer
On filings since 2021
0.7 hrs/week
No compensation reported
Robert J Steininger II
Chairman Emeritus
Chairman → Chairman Emeritus, 2026
On filings since 2021
0 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "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 Memorial Fund of Phi Beta Epsilon
How much does Memorial Fund of Phi Beta Epsilon give each year?
Memorial Fund of Phi Beta Epsilon gave $19K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $18K across 4 grants.
How large is Memorial Fund of Phi Beta Epsilon?
Memorial Fund of Phi Beta Epsilon reported $471K in total assets on its 2026 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 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 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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