Strada Education Foundation Inc
Strada Education Foundation Inc is a public charity based in Indianapolis, Indiana. It supports programs, policies, and organizations that strengthen connections between education and opportunity in the United States, with particular attention to people who face barriers to opportunity through postsecondary education or training.
Strada Education Foundation Inc at a glance
In short: Strada Education Foundation Inc gave $27.3M across 182 grants in 2024 (avg $150K), top state District of Columbia. 44% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $27,300,067
- +5.9% vs 2023
- Grants made (2024)
- 182
- +29.1% vs 2023
- Average grant
- $150,000
- -18.0% vs 2023
- Median grant
- $110,177
- Total assets
- $1,837,044,236
- -12.5% vs 2023
- New grantees (estimate)
- 44% first-time grantees (80 of 182, 2024)
- Primary geography
- District of Columbia (21% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Strada Education Foundation Inc
- Contact
Mailing address: 10 West Market Street Suite 1100, Indianapolis, IN 46204
Phone: (317) 806-1200
Website: https://strada.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
6 open opportunities from Strada Education Foundation Inc
Beyond Completion Challenge
Strada Education Foundation Inc
Amount
$10,000,000
Deadline
Deadline not published
Clear Outcomes Partnership Grants
Strada Education Foundation Inc
Amount
Varies
Deadline
Deadline not published
College Cost Transparency Initiative
Strada Education Foundation Inc
Amount
Varies
Deadline
Deadline not published
Who Strada Education Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Texas Higher Education Foundation ($1.3M). Together the top 10 received $7.2M.
Grant Size Distribution
789 grants across all recorded years
The most common grant size was under $50K: 332 grants of 789 (42%).
Geographic Focus
Where this funder awards grants
The foundation describes its work and some programs as national. In 2024, the largest reported shares of grant dollars by recipient state or jurisdiction went to Washington, DC (21%), Virginia (12%), Texas (9%), California (7%), and New York (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 182 itemized grants.
States
Cities
Is Strada Education Foundation Inc open to new grantees?
44%
first-time grantees, 2024
In 2024, 80 of 182 grantees (44%) were first-time recipients. First grants averaged $162K; repeat grants $141K. How we count
Medians: $105K first-time, $110K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $16.7M (2020) to $33.5M (2022). In 2024 it made 182 grants totaling $27.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Higher Education Foundation Austin, TX | Operating Grant | $1,300,000 |
| National Student Clearinghouse Herndon, VA | Programmatic Grant | $1,250,000 |
| Charities Aid Foundation America Alexandria, VA | Operating Grant | $1,106,531 |
| Arizona State University Foundation for a New American University Tempe, AZ | Operating Grant | $656,612 |
| New America Foundation Washington, DC | Operating Grant | $500,000 |
| Rockefeller Philanthropy Advisors Inc New York, NY | Operating Grant | $500,000 |
| US Chamber of Commerce Foundation Washington, DC | Operating Grant | $490,000 |
| Education Design Lab Washington, DC | Operating Grant | $481,039 |
| National Institute for Student Success Atlanta, GA | Operating Grant | $477,500 |
| College in High School Alliance Washington, DC | Operating Grant | $450,000 |
Ready to take the next step with Strada Education Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,837,044,236 | $207,660,821 | $180,502,322 | $27,300,067 | 182 | $155,164,045 |
| 2023 | $2,098,503,918 | $91,272,355 | $101,126,709 | $25,784,015 | 141 | $41,188,597 |
| 2022 | $1,944,963,967 | $89,606,480 | $101,647,351 | $33,470,455 | 172 | $50,413,730 |
| 2021 | $2,055,980,919 | $291,514,184 | $80,099,395 | $20,558,545 | 144 | $223,562,771 |
| 2020 | $1,671,156,809 | $181,933,523 | $80,192,477 | $16,650,023 | 150 | $117,354,038 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Strada’s stated mission is to strengthen connections between education and opportunity in the U.S. Its five focus areas are Clear Outcomes, Quality Coaching, Affordability, Work-Based Learning, and Employer Alignment. The foundation says it supports these goals through grantmaking, research, policy work, and strategic investments.
Its grants support nonprofit organizations, postsecondary education providers, and workforce and skills-based educators. For example, the Texas Higher Education Foundation, which received a 2024 grant, says its mission is to increase participation and success in higher education for Texans. The National Student Clearinghouse, another 2024 recipient, says it serves education and workforce communities and learners with trusted data, services, and insights. Education Design Lab, also a recipient, says it designs and tests models to help higher education adapt to economic change.
Grantmaking
In filing year 2024, Strada reported 182 grants totaling $27,300,067. Grant amounts ranged from $5,500 to $1,300,000, with a median of $110,177. The filing narrative separately states that Strada made over 90 grants across various programs in 2024.
The largest reported grants included $1,300,000 to the Texas Higher Education Foundation for an operating grant; $1,250,000 to the National Student Clearinghouse for a programmatic grant; and $1,106,531 to Charities Aid Foundation America for an operating grant. Other large grants included $656,612 to the Arizona State University Foundation for a New American University, $500,000 each to New America Foundation and Rockefeller Philanthropy Advisors Inc, and $490,000 to the US Chamber of Commerce Foundation.
The filing describes a $25 million, multi-year HBCU Initiative supporting scholarship and leadership development programs for 450 students at 48 historically Black colleges and universities. Strada’s grantmaking page describes the Innovation in Career Services program as awarding $300,000 each to selected institutions. The program information also describes a $10 million Beyond Completion Challenge and an Employer and Community College Partnership Challenge, which supports partnerships addressing regional workforce needs.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Stephen Moret as CEO and president and Marlene V Coulis as chairman. It lists Ernest J Newborn II, Gerard J Olinger, Miriam W Strouse, Nicole T Jenkins, Sureel A Choksi, Wade T Dyke, Aminta H Breaux, and Ardine Williams as board members.
Strada Education Foundation Inc is led by Stephen Moret, CEO & President on every filing since 2022; all 36 officers listed in 2024 are compensated.
Officers on the 2024 filing
Stephen Moret
CEO & President
On filings since 2022
40 hrs/week
$1M (2022) → $1.4M (2024)
Thomas Dawson
President & Strada Collaborative
Executive Vice President & Interim CEO → Executive Vice President, 2022
Executive Vice President → President & Strada Collaborative, 2024
On filings since 2020
39 hrs/week
$497K (2020) → $654K (2024)
Ruth Watkins
President & Postsecondary Education
Executive Vice President → Executive Vice President & President Post Executive Director, 2022
Executive Vice President & President Post Executive Director → President & Postsecondary Education, 2024
On filings since 2021
35 hrs/week
$375K (2021) → $1M (2024)
Beth Cobert
President Aff & Strat Pshps
New on the 2024 filing
40 hrs/week
$219K (2024)
Heather McKay
Senior Vice President, Emp Engmt & Executive Director Sfw
New on the 2024 filing
40 hrs/week
$441K (2024)
Michael Marriner
President & Roadtrip Nation
New on the 2024 filing
40 hrs/week
$479K (2024)
Ruth Idalene Bauer
President & Inside Track
New on the 2024 filing
40 hrs/week
$451K (2024)
Marlene V. Coulis
Chairman
Board Member → Chairman, 2021
On filings since 2020
4 hrs/week
$86K (2020) → $115K (2024)
David Clayton
Senior Vice President & Research
Senior Vice President & Consumer Insights → Senior Vice President & Research, 2024
On filings since 2020
40 hrs/week
$414K (2020) → $557K (2024)
Erik I. Moreno
Board Member
On filings since 2020
2 hrs/week
$86K (2020) → $85K (2024)
Ernest J. Newborn II
Board Member
On filings since 2020
2 hrs/week
$86K (2020) → $97K (2024)
Jessica Hinkle
Senior Vice President & Strategic Investments
On filings since 2020
40 hrs/week
$392K (2020) → $500K (2024)
Larry Lutz
Executive Vice President & Corporate Development
Executive Vice President, Corp Development & Secretary → Secretary, Executive Vice President & Corp. Development, 2023
Secretary, Executive Vice President & Corp. Development → Executive Vice President & Corporate Development, 2024
On filings since 2020
39 hrs/week
$544K (2020) → $674K (2024)
Leonard Gurin
Senior Vice President, Cash & Investments
Senior Vice President & Investments → Senior Vice President, Cash & Investments, 2024
On filings since 2020
40 hrs/week
$355K (2020) → $473K (2024)
Michael Austin
Executive Vice President, CFO & Treasurer
Senior Vice President, Oper. Planning & Analysis → Senior Vice President, Oper Plan, Analysis & Inter CFO, 2021
Senior Vice President, Oper Plan, Analysis & Inter CFO → Executive Vice President, CFO & Treasurer, 2023
On filings since 2020
39 hrs/week
$393K (2020) → $625K (2024)
Michael D. King
Board Member
On filings since 2020
2 hrs/week
$97K (2020) → $85K (2024)
Miriam W. Strouse
Board Member
On filings since 2020
2 hrs/week
$85K (2020) → $97K (2024)
Sureel A. Choksi
Board Member
On filings since 2020
2 hrs/week
$85K (2020) → $97K (2024)
Terry E. Holloway
Senior Vice President & Chief Human Resources Officer
Former Officer → Senior Vice President & Chief Human Resources Officer, 2024
On filings since 2020
40 hrs/week
$340K (2020) → $448K (2024)
Thomas B. Mangas
Board Member
On filings since 2020
2 hrs/week
$97K (2020) → $85K (2024)
Thomas R. Ertel
Senior Vice President & Chief Accounting Officer
Senior Vice President & CAO → Senior Vice President & Chief Accounting Officer, 2024
On filings since 2020
40 hrs/week
$405K (2020) → $489K (2024)
Wade T. Dyke
Board Member
On filings since 2020
2 hrs/week
$85K (2020) → $97K (2024)
Aminta H. Breaux
Board Member
On filings since 2021
2 hrs/week
$93K (2021) → $85K (2024)
Gerard J. Olinger
Board Member
On filings since 2021
2 hrs/week
$93K (2021) → $97K (2024)
Nicole T. Jenkins
Board Member
On filings since 2021
2 hrs/week
$94K (2021) → $97K (2024)
Aristide Collins Jr.
Executive Vice President, CAO & Chief of Staff
Chief Administrator Officer → Executive Vice President, CAO & Chief of Staff, 2024
On filings since 2023
40 hrs/week
$339K (2023) → $515K (2024)
Gabriella Gomez
Executive Vice President, Policy, Advocacy & Comms
Executive Vice President, Pol, Advisor & Comms → Executive Vice President, Policy, Advocacy & Comms, 2024
On filings since 2023
40 hrs/week
$409K (2023) → $569K (2024)
Rhonda Powell
Executive Vice President, General Counsel & Corp Secretary
Executive Vice President General Counsel & Corp Secretary → Executive Vice President, General Counsel & Corp Secretary, 2024
On filings since 2023
39 hrs/week
$551K (2023) → $668K (2024)
Ardine Williams
Board Member
New on the 2024 filing
2 hrs/week
$85K (2024)
Craig Robinson
Senior Vice President & Quality Coaching
New on the 2024 filing
40 hrs/week
$299K (2024)
Jonathan Furr
Senior Vice President & Chief Clear Outcomes Officer
New on the 2024 filing
40 hrs/week
$545K (2024)
Justin Draeger
Senior Vice President & Affordability
New on the 2024 filing
40 hrs/week
$368K (2024)
Laura Love
Senior Vice President & Wrk-Based Learning
New on the 2024 filing
40 hrs/week
$245K (2024)
Michele Chang
Senior Vice President & Chief Strategy Officer
New on the 2024 filing
40 hrs/week
$456K (2024)
Ruben M. Flores
Board Member
New on the 2024 filing
2 hrs/week
$85K (2024)
Susan J. Ellspermann
Board Member
New on the 2024 filing
2 hrs/week
$85K (2024)
Former officers (19)
- Former: Daryl Graham (2020–2023) — Former Officer
- Former: William Hansen (2020–2023) — Former Officer
- Former: William Neale (2020–2023) — Board Member
- Former: Christopher Meyer (2022–2023) — Senior Vice President, Strategy & Innovation
- Former: Courtney McBeth (2022–2023) — Senior Vice President & Chief Program Officer
- Former: Christopher Michael Borte (2023) — Vice President & Chief Information Officer
- Former: Carol D'amico (2020–2022) — Former Officer
- Former: Edward Schmidt (2020–2022) — Board Member
- Former: Scott Fleming (2020–2022) — Former Officer
- Former: Julie Ragsdale (2022) — Interim General Counsel
- Former: Amy Dunham (2020–2021) — Senior Vice President, Marketing & Committee
- Former: Ben Wildavksy (2020–2021) — Senior Vice President & Nat'l Engage
- Former: Erin Roth (2020–2021) — Executive Vice President Legal, Gc & Corp Secretary
- Former: Ilene Nagel (2020–2021) — Board Member
- Former: Jack Markell (2020–2021) — Board Member
- Former: Lawrence Alexander Morrison (2020–2021) — Senior Vice President, Strat. Pships & Sol
- Former: Marshall Grigsby (2020–2021) — Board Member
- Former: Blake Devitt (2020) — Board Member
- Former: Matthew B. Murphy III (2020) — Former Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.4M, to Stephen Moret (CEO & President). 36 officers or directors reported compensation on that filing.
Frequently asked questions about Strada Education Foundation Inc
How much does Strada Education Foundation Inc give each year?
Strada Education Foundation Inc gave $27.3M across 182 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $25.8M across 141 grants.
What is Strada Education Foundation Inc's typical grant size?
Strada Education Foundation Inc's median grant in 2024 was $110,177, and its average grant was $150,000, across 182 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Strada Education Foundation Inc that year got $162K on average.
Where does Strada Education Foundation Inc give grants?
Strada Education Foundation Inc's top state is District of Columbia, with 21% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Virginia (12%) and Texas (9%). The most frequent recipient cities were Washington, DC (29 grants), Indianapolis, IN (8 grants), New York, NY (7 grants) and Atlanta, GA (4 grants).
Does Strada Education Foundation Inc give general operating support?
Yes: 99% of Strada Education Foundation Inc's 2024 grants with a stated purpose (181 of 182) were for general or operating support, per its 2024 IRS Form 990.
Who are Strada Education Foundation Inc's largest grantees?
Strada Education Foundation Inc's largest 2024 grantees include Texas Higher Education Foundation ($1,300,000), National Student Clearinghouse ($1,250,000) and Charities Aid Foundation America ($1,106,531), according to its 2024 IRS Form 990. Together they received 13% of its itemized 2024 grant dollars.
How large is Strada Education Foundation Inc?
Strada Education Foundation Inc reported $1.8B in total assets on its 2024 IRS Form 990. Its revenue that year was $207.7M.
What does Strada Education Foundation Inc fund?
Strada’s stated mission is to strengthen connections between education and opportunity in the U.S. Its five focus areas are Clear Outcomes, Quality Coaching, Affordability, Work-Based Learning, and Employer Alignment. See mission & focus areas ↑
How do I apply for a grant from Strada Education Foundation Inc?
Strada Education Foundation Inc has no public application process in the sources Grantable reviewed. Check strada.org for current guidelines, or contact the foundation directly before submitting a request.
What is Strada Education Foundation Inc's EIN?
Strada Education Foundation Inc's EIN (Employer Identification Number) is 47-3044430. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Strada Education Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/strada-education-foundation-inc-morg_b04579fb2ffc444faf0a30ce5b39bf10
BibTeX
@misc{grantable_473044430_2026,
author = {{Grantable}},
title = {{Strada Education Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/strada-education-foundation-inc-morg_b04579fb2ffc444faf0a30ce5b39bf10},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Strada Education Foundation Inc'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.
Strada Education Foundation Inc down — hundreds of funders to go?