Psi Lambda Educational Foundation
Psi Lambda Educational Foundation is a private foundation focused on Education, based in Chattanooga, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $75K in total assets. In 2025, it awarded 3 grants totaling $2K.
Psi Lambda Educational Foundation at a glance
In short: Psi Lambda Educational Foundation gave $2K across 3 grants in 2025 (avg $600), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,800
- -60.9% vs 2024
- Grants made (2025)
- 3
- -66.7% vs 2024
- Average grant
- $600
- +17.4% vs 2024
- Median grant
- $500
- Total assets
- $74,627
- -0.2% vs 2024
- Primary geography
- Tennessee (72% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Psi Lambda Educational Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was New College Tour ($800).
Organizations only. It also paid 2 individual scholarships ($1,000), which are not listed by name.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Psi Lambda Educational Foundation gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $5K (2024). In 2025 it made 3 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New College Tour Chattanooga, TN | Scholarship | $800 |
| 2 individual scholarships Recipients not named | — | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2025 | $74,627 | $11,932 | $12,086 | $1,800 | 3 | — |
| 2024 | $74,781 | $18,935 | $13,273 | $4,600 | 9 | — |
| 2023 | $69,119 | $13,582 | $18,577 | $2,900 | 6 | — |
| 2022 | $74,114 | $2,609 | $4,074 | $2,100 | 5 | — |
| 2021 | $75,579 | $3,149 | $1,780 | $1,750 | 4 | $1,780 |
| 2020 | $76,147 | $12,200 | $9,387 | $2,500 | 5 | — |
Leadership & Key People
Officers and directors from IRS filings
Psi Lambda Educational Foundation is led by Charles Jackson, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charles Jackson
President
On filings since 2020
2 hrs/week
No compensation reported
Cecil Flournoy
Secretary
On filings since 2020
1 hr/week
No compensation reported
Chris Palmer
Treasurer
On filings since 2020
3 hrs/week
No compensation reported
Former officers (1)
- Former: Virgil McGee (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2025. "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 Psi Lambda Educational Foundation
How much does Psi Lambda Educational Foundation give each year?
Psi Lambda Educational Foundation gave $2K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 9 grants.
What is Psi Lambda Educational Foundation's typical grant size?
Psi Lambda Educational Foundation's median grant in 2025 was $500, and its average grant was $600, across 3 grants on its 2025 IRS Form 990-PF.
Where does Psi Lambda Educational Foundation give grants?
Psi Lambda Educational Foundation gives mostly in Tennessee: 72% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Alabama (28%).
Does Psi Lambda Educational Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Psi Lambda Educational Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Psi Lambda Educational Foundation?
Psi Lambda Educational Foundation reported $75K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $12K.
What is Psi Lambda Educational Foundation?
Psi Lambda Educational Foundation is a private foundation focused on Education, based in Chattanooga, TN. It holds $75K in total assets as of 2025.
What is Psi Lambda Educational Foundation's EIN?
Psi Lambda Educational Foundation's EIN (Employer Identification Number) is 48-1263914. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Psi Lambda Educational Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Psi Lambda Educational Foundation's focus areas in our free grants database
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