Nasdaq Educational Foundation Inc
The Nasdaq Foundation (formerly known as Nasdaq Educational Foundation Inc.) is a 501(c)(3) corporate foundation established in 1993 and headquartered in Rockville, Maryland. The organization operates as a company-sponsored foundation focused on expanding financial opportunity and entrepreneurial access in under-resourced communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.5M
+12.0% YoY
Annual Giving
$1.0M
-24.2% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$79K
-24.2% YoY
Under IRS private-foundation payout rules, Nasdaq Educational Foundation Inc reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Nasdaq Foundation works to support under-resourced communities by reimagining investor engagement and equipping communities with the financial knowledge needed to share in the wealth that markets create.
The foundation prioritizes grants in the following areas:
- Financial Literacy: Enhancing financial literacy among under-resourced communities with an element of teaching participants how to invest in the capital markets (though generally does not fund financial literacy projects focused exclusively on K-12 education)
- Investment Access: Improving access to knowledge and tools for investing and wealth creation among under-resourced communities
- Entrepreneurship Support: Equipping under-resourced founders with mentoring and resources
- Capital Access: Improving access to capital for under-resourced founders
Grantmaking
Grant Range
is $75,000, with no set minimum or maximum amount.
Average Grant
is $75,000, with no set minimum or maximum amount.
Review Cycle
**: The foundation operates on a quarterly grant cycle with the following application deadlines:
How to Apply
**: Organizations may submit proposals through the CyberGrants online application portal. There is no limit to the number of proposals a single entity may submit at one time.
Ready to take the next step with Nasdaq Educational Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $29,042,260
- Total Revenues: $4,136,342
- Total Expenses: $1,278,100
- Total Liabilities: $424,000
- Total Grants Made: $4,553,701
- Investment Income and Dividends: $645,939
Revenue Growth: Total grants and contributions increased 47.4% from 2022 ($2,375,000) to 2023 ($3,500,000). Investment income and dividends increased 36% over the same period.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,523,224 | $29,042,260 | $23,659,213 |
| Revenue | $4,561,340 | $4,136,342 | $2,741,622 |
| Expenses | $3,417,595 | $1,278,100 | $2,956,469 |
| Qualifying Distributions | $1,051,919 | $1,464,503 | $2,410,900 |
| Net Investment Income | $961,558 | $599,405 | $259,022 |
| Distributable Amount | $1,510,893 | $1,216,058 | $1,187,002 |
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 2024
Grant Size Distribution
51 grants across all recorded years
Open Grants
2 open opportunities from Nasdaq Educational Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Opportunity International Inc ($150,000), Social Good Fund Inc ($117,000), Legal Aid Society ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3RD DECADE INC TUCSON, AZ | 3RD DECADE'S FINANCIAL EDUCATION AND MENTORING PROGRAM | $65,000 |
| FUTURE FOUNDERS FOUNDATION CHICAGO, IL | FUTURE FOUNDERS 18- TO 30-YEAR-OLD ENTREPRENEURSHIP PROGRAMS | $75,000 |
| GREEN AMERICA WASHINGTON, DC | RESPONSIBLE FINANCE PROGRAM EXPANSION: ELIMINATING BARRIERS FOR NEW SAVERS AND INVESTORS | $60,000 |
| LEGAL AID SOCIETY NEW YORK, NY | LEGAL ASSISTANCE TO SMALL BUSINESS OWNERS IN UNDER-RESOURCED COMMUNITIES OF NEW YORK CITY | $100,000 |
| MERCY CORPS PORTLAND, OR | NASDAQ FOUNDATION AND MICROMENTOR - EMPOWERING WOMEN ENTREPRENEURS IN MEXICO 2024 | $100,000 |
| MUJERES LATINAS EN ACCION CHICAGO, IL | EMPRESARIAS DEL FUTURO (ENTREPRENEURS OF THE FUTURE) | $50,000 |
| NEIGHBOORHOOD ALLIES INC PITTSBURGH, PA | BUILDING WEALTH BY CREATING INVESTMENT OPPORTUNITIES FOR BLACK WOMEN | $60,000 |
| OPPORTUNITY INTERNATIONAL INC CHICAGO, IL | WOMEN AS AGENTS OF CHANGE | $150,000 |
| PENNY FORWARD INC MINNEAPOLIS, MN | PENNY FORWARD INTRODUCTION TO INVESTING | $50,000 |
| PROJECT VIDA EL PASO, TX | EMPOWERING UNDERSERVED COMMUNITIES: PROJECT VIDA'S MICROENTERPRISE TECHNICAL ASSISTANCE PROGRAM IN EL PASO COUNTY, TX | $75,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
President: Jailan Griffiths
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAILAN GRIFFITHS | PRESIDENT | 1 | — |
| DANA LAIDHOLD | TREASURER | 1 | — |
| AMMA ANAMAN | SECRETARY (TO 10/2024) | 6 | — |
| MARY DEAR | SECRETARY (EFF 10/2024) | 6 | — |
| ANGELA BURRUSS | PRG MGR AND ASST SEC | 1 | — |
| JEREMY SKULE | CHAIRMAN | 1 | — |
| CATHERINE ADDONA-PENA | BOARD MEMBER | 1 | — |
| MICHELLE DALY | BOARD MEMBER | 1 | — |
| MICHAEL DAVIS | BOARD MEMBER | 1 | — |
| JAMEEL JOHNSON | BOARD MEMBER | 1 | — |
Contact Information
Address: 805 King Farm Blvd, Rockville, MD 20850-6162
Phone: 212-401-8700
Website: www.nasdaq.com/nasdaq-foundation
Tax Status: 501(c)(3) organization; tax-exempt since March 1995; EIN 52-1864429
Frequently Asked Questions
What does Nasdaq Educational Foundation Inc fund?
The Nasdaq Foundation works to support under-resourced communities by reimagining investor engagement and equipping communities with the financial knowledge needed to share in the wealth that markets create. The foundation prioritizes grants in the following areas: • **Financial Literacy**: Enhancing financial literacy among under-resourced communities with an element of teaching participants how to invest in the capital markets (though generally does not fund financial literacy projects focuse…
How do I apply for a grant from Nasdaq Educational Foundation Inc?
**Grant Amounts**: The average grant size is $75,000, with no set minimum or maximum amount. **Grant Terms**: Unless otherwise specified and agreed upon, all grants have one-year terms. The foundation will consider multiple-year commitments if the grant seeker can demonstrate the necessity or benefit of extended funding. **Application Process**: Organizations may submit proposals through the CyberGrants online application portal. There is no limit to the number of proposals a single entity may …
What size grants does Nasdaq Educational Foundation Inc award?
In 2024, Nasdaq Educational Foundation Inc awarded 13 grants totaling $1.0M — an average of about $79K per grant, based on its IRS Form 990 filings.
How much is Nasdaq Educational Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nasdaq Educational Foundation Inc reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nasdaq Educational Foundation Inc's EIN?
Nasdaq Educational Foundation Inc's EIN (Employer Identification Number) is 52-1864429. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nasdaq Educational Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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