The 2492 Fund

Foundation · Grantmaker Atlanta, GA EIN: 58-2138800 Website

The 2492 Fund is associated with The Institute for Educational Advancements Inc., a private foundation based in Atlanta, Georgia. The organization's telephone number is 770-420-2492, which corresponds to the fund's numerical designation.

Key facts about The 2492 Fund

EIN: 58-2138800
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $157,500
Grants made (2024): 38
Average grant: $4,145
Median grant: $4,500
New grantees (estimate): 13% first-time grantees (5 of 38, 2024)
Primary geography: Georgia (64% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The 2492 Fund funds

By grant dollars, the top recipient states for The 2492 Fund's 38 itemized 2024 grants were Georgia (64%), District of Columbia (17%) and Connecticut (7%). The most frequent recipient cities were Atlanta, GA (21 grants), Washington, DC (5 grants) and New Haven, CT (2 grants). None of its 38 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (38 grants).

Is The 2492 Fund open to new grantees?

13%

first-time grantees, 2024

In 2024, 5 of 38 grantees (13%) were first-time recipients. First grants averaged $4K; repeat grants $4K. How we count

Medians: $2K first-time, $5K repeat.

84% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+9%). Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The 2492 Fund

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$158K

-20.5% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$4K

+19.3% YoY

Under IRS private-foundation payout rules, The 2492 Fund reported a distributable amount of $111K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Primary funding focus areas include:

Education
Philanthropy, Voluntarism & Grantmaking
Professional Societies & Associations

Grantmaking

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Geographic Focus

Where this funder awards grants

Primary funding regions include Georgia, Ohio, and Tennessee.

Grant Distribution by State

Georgia $101K (64%)

District of Columbia $28K (17%)

Connecticut $11K (7%)

Virginia $10K (6%)

Louisiana $5K (3%)

All other $3K (2%)

Share of all 38 itemized 2024 grant dollars.

States

Alabama California Connecticut District of Columbia Georgia Iowa Kansas Louisiana Maryland Minnesota Missouri North Carolina New York Oregon Tennessee Virginia

Cities

AtlantaWashingtonNew YorkNew HavenDuluthKnoxvilleSavannahCharlottesvilleMcleanMinneapolisMontgomeryPortlandRoswellSan FranciscoAlexandriaArlingtonAvondale EstatesBooneDurhamMarietta

Financial History

Multi-year comparison from IRS filings

Total Assets: $2,879,221
Total Annual Giving: $225,777

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$2,528,827	$2,644,987
Revenue	$132,346	$91,745	$121,067
Expenses	$3,223,679	$220,658	$195,764
Qualifying Distributions	$3,173,264	$198,000	$171,000
Net Investment Income	$81,931	$71,840	$71,919
Distributable Amount	$110,854	$142,222	$164,139

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

262 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Washington National Cathedral ($13,500), Atlanta Memorial Park Conservancy ($10,000), Chattahoochee National Park Conserv ($10,000).

Recipient	Purpose	Amount
WASHINGTON NATIONAL CATHEDRAL Washington, DC	CHARITABLE	$13,500
ATLANTA MEMORIAL PARK CONSERVANCY Atlanta, GA	CHARITABLE	$10,000
CHATTAHOOCHEE NATIONAL PARK CONSERV Roswell, GA	CHARITABLE	$10,000
YALE BASEBALL ASSOCIATION New Haven, CT	CHARITABLE	$10,000
ATLANTA CHILDREN'S SHELTER INC Atlanta, GA	CHARITABLE	$5,000
ATLANTA COMMUNITY FOOD BANK Atlanta, GA	CHARITABLE	$5,000
ATLANTA HISTORY CENTER Atlanta, GA	CHARITABLE	$5,000
ATLANTA HUMANE SOCIETY Atlanta, GA	CHARITABLE	$5,000
ATLANTA MISSION Atlanta, GA	CHARITABLE	$5,000
BEARING BIKE WORKS Atlanta, GA	CHARITABLE	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Henry L Howell	Treasurer	10	—
Helen Howell	Co- Trustee	10	—

Contact Information

Address: 1266 West Paces Ferry Road, Room 181, Atlanta, GA 30327

Telephone: 770-420-2492

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The 2492 Fund fund?

The Institute for Educational Advancements Inc. is dedicated to providing merit scholarships for educational advancement and excellence with the goal of increasing pre-college, college, and graduate level attendance, performance, and graduation rates in the United States. Primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Professional Societies & Associations

How do I apply for a grant from The 2492 Fund?

**Grant Amounts:** Typical awards range from $38,000 to $100,000. **Total Giving:** Annual giving totals $225,777. **Geographic Distribution:** The fund primarily makes grants in Georgia, Ohio, and Tennessee.

Where does The 2492 Fund make grants?

Primary funding regions include Georgia, Ohio, and Tennessee.

What size grants does The 2492 Fund award?

In 2024, The 2492 Fund awarded 38 grants totaling $158K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The 2492 Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The 2492 Fund reported a distributable amount of $111K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.