Psi Lambda Educational Foundation

Private foundation · Grantmaker Chattanooga, TN EIN: 48-1263914

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

New College Tour: $800New College Tour$800

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

27<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 27 grants of 27 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

ChattanoogaBaltimoreHermitageMurfreesboroHarrisonHixsonLexingtonOoltewahTuskegee Institute

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

$0$2K$4K$6K5 grants2020 4 grants2021 5 grants2022 6 grants2023 9 grants2024 3 grants2025

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

RecipientPurposeAmount
New College Tour Chattanooga, TNScholarship$800
2 individual scholarships Recipients not named —$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying Distributions
2025$74,627$11,932$12,086$1,8003—
2024$74,781$18,935$13,273$4,6009—
2023$69,119$13,582$18,577$2,9006—
2022$74,114$2,609$4,074$2,1005—
2021$75,579$3,149$1,780$1,7504$1,780
2020$76,147$12,200$9,387$2,5005—

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

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS June 6, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Psi Lambda Educational Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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