SRC Education Alliance
SRC Education Alliance is a private foundation focused on Education, based in Durham, NC. IRS filing data is available from 2020 through 2022.
SRC Education Alliance at a glance
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who SRC Education Alliance funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How SRC Education Alliance gives
- In 2021 it paid out 444% of its IRS minimum distribution (the 5% rule). 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 2021, annual grant giving ranged from $40K (2020) to $189K (2021). In 2021 it made 2 grants totaling $189K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology Cambridge, MA | Grant Expense | $187,082 |
| 1 grant to individuals Recipients not named | — | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $314,290 | $195,347 | $189,082 | 2 | $194,085 | $7,323 | $43,666 |
| 2020 | $962,955 | $42,917 | $50,303 | $39,507 | 3 | — | $5,693 | $49,660 |
Leadership & Key People
Officers and directors from IRS filings
SRC Education Alliance is led by Todd Younkin, Member-Bod, President & CEO since 2022 (on filings since 2020); none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Todd Younkin
Member-Bod, President & CEO
Member-Bod → Member-Bod, President & CEO, 2022
On filings since 2020
1 hr/week
$106 (2020) → $0 (2022)
Karen Di Spigna
Member-Bod & CAO
On filings since 2020
1 hr/week
$179 (2020) → $0 (2022)
David Henshall
Member-Bod
New on the 2022 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Kenneth A. Hansen (2020) — Member-Bod, President & CEO
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $2K, to Karen Di Spigna (Member-BOD / CAO).
Frequently asked questions about SRC Education Alliance
What is SRC Education Alliance?
SRC Education Alliance is a private foundation focused on Education, based in Durham, NC.
Where does SRC Education Alliance operate?
SRC Education Alliance has awarded grants in California, Colorado, Massachusetts, New Jersey, New York.
What is SRC Education Alliance's EIN?
SRC Education Alliance's EIN (Employer Identification Number) is 58-1807204. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work SRC Education Alliance funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in SRC Education Alliance's focus areas in our free grants database
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