The Educational Foundation Inc
The Educational Foundation Inc at a glance
In short: The Educational Foundation Inc gave $47.7M across 1 grant in 2025 (avg $47.7M), mostly in North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $47,698,837
- +2.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $47,698,837
- +2.9% vs 2024
- Median grant
- $47,698,837
- Total assets
- $251,317,086
- +12.6% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Educational Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was UNC Chapel Hill ($47.7M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Educational Foundation Inc gives
- Giving grew 50% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $28.4M (2020) to $64.3M (2019). In 2025 it made 1 grant totaling $47.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNC Chapel Hill Chapel Hill, NC | Scholarships, Construction, and Other Financial Assistance. | $47,698,837 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $251,317,086 | $99,241,416 | $66,441,509 | $47,698,837 | 1 | $7,937,984 |
| 2024 | $223,104,596 | $76,461,125 | $64,647,364 | $46,347,635 | 1 | $7,517,796 |
| 2023 | $213,331,120 | $81,777,973 | $78,781,027 | $61,422,982 | 1 | $5,543,823 |
| 2022 | $210,237,588 | $82,405,052 | $44,922,056 | $31,750,598 | 1 | $4,507,841 |
| 2021 | $193,854,804 | $63,834,996 | $48,905,119 | $39,856,270 | 1 | $4,024,361 |
| 2020 | $148,527,543 | $79,221,316 | $43,399,868 | $28,408,782 | 1 | $4,052,466 |
| 2019 | $131,716,648 | $43,570,149 | $77,180,181 | $64,268,470 | 1 | $3,245,368 |
About The Educational Foundation Inc
Based on IRS filings
The Educational Foundation Inc is a public charity, based in Chapel Hill, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $251.3M in total assets. In 2025, it awarded 1 grant totaling $47.7M. Net investment income was $7.9M.
Leadership & Key People
Officers and directors from IRS filings
The Educational Foundation Inc is led by John Montgomery, Executive Director on every filing since 2019; 11 of 36 officers listed in 2025 are compensated.
Officers on the 2025 filing
John Montgomery
Executive Director
On filings since 2019
40 hrs/week
$416K (2019) → $554K (2025)
Anne Lloyd
Chair
Executive Board Member → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
No compensation reported
Emily Coble
Senior Director of Finance
On filings since 2022
40 hrs/week
$106K (2022) → $120K (2025)
Emily Stevens
Major Gifts Director
On filings since 2022
40 hrs/week
$154K (2022) → $170K (2025)
Brian Bersticker
Director of Member Services
On filings since 2023
40 hrs/week
$142K (2023) → $128K (2025)
James Richards
Senior Director of Major Gifts
Major Gifts Director → Senior Director of Major Gifts, 2025
On filings since 2023
40 hrs/week
$119K (2023) → $143K (2025)
Diane Aldridge
CFO & General Counsel
On filings since 2019
40 hrs/week
$177K (2019) → $268K (2025)
Gary Burns
Senior Associate of Major Gifts
Senior Director of Major Gifts → Senior Director of Major G, 2023
Senior Director of Major G → Senior Associate of Major Gifts, 2025
On filings since 2019
40 hrs/week
$138K (2019) → $186K (2025)
Ken Mack
Senior Associate Executive Director Lead Gifts
Senior Associate Executive Director Lead Gifts → Senior Associate Executive Director Lead Gif, 2023
Senior Associate Executive Director Lead Gif → Senior Associate Executive Director Lead Gifts, 2025
On filings since 2019
40 hrs/week
$199K (2019) → $273K (2025)
Matt Terrell
Chief Strategy & Comms Officer
Chief Strategy & Committee Officer → Chief Strategy & Comms Officer, 2022
On filings since 2019
40 hrs/week
$153K (2019) → $213K (2025)
Seth Reeves
Chief Revenue Officer
Major Gifts Director → Chief Revenue Officer, 2022
On filings since 2019
40 hrs/week
$148K (2019) → $244K (2025)
Elizabeth Mackethan
Senior Philanthropy Officer
On filings since 2024
40 hrs/week
$190K (2024) → $230K (2025)
Don Williams
Past Chair
Vice Chair → Chair, 2022
Chair → Past Chair, 2024
On filings since 2019
No compensation reported
Dwight Stone
Executive Board Member
On filings since 2019
No compensation reported
Jim Sigman
Vice Chair
Executive Board Member → Vice Chair, 2024
On filings since 2019
No compensation reported
Keith Stoneman
Executive Board Member
On filings since 2019
No compensation reported
Steve Vetter
Executive Board Member
Chair → Past Chair, 2022
Past Chair → Executive Board Member, 2025
On filings since 2019
No compensation reported
Todd Pope
Executive Board Member
Chairman of the Board → Past Chair, 2020
Past Chair → Executive Board Member, 2024
On filings since 2019
No compensation reported
Tom Mann
Secretary
On filings since 2019
No compensation reported
Frank Brenner
Executive Board Member
On filings since 2020
No compensation reported
Vaughn Moore
Executive Board Member
On filings since 2020
No compensation reported
Lowry Caudill
Executive Board Member
On filings since 2021
No compensation reported
Tom Chewning
Executive Board Member
On filings since 2021
No compensation reported
Brian Golson
Executive Board Member
On filings since 2022
No compensation reported
Dave Boliek
Executive Board Member
On filings since 2022
No compensation reported
Donna Curtis McClatchey
Executive Board Member
On filings since 2022
No compensation reported
Iv Culp
Executive Board Member
On filings since 2022
No compensation reported
Michael Kennedy
Executive Board Member
On filings since 2022
No compensation reported
Milt Petty
Treasurer
On filings since 2022
No compensation reported
Ralph Meekins
Executive Board Member
On filings since 2022
No compensation reported
Aurelia Stafford Monk
Executive Board Member
On filings since 2023
No compensation reported
Dewey Burke
Executive Board Member
On filings since 2023
No compensation reported
Michael Andreasen
Executive Board Member
On filings since 2023
No compensation reported
Susan Gross
Executive Board Member
On filings since 2024
No compensation reported
Eileen Brumback
Executive Board Member
New on the 2025 filing
No compensation reported
Rob Bizzell
Executive Board Member
New on the 2025 filing
No compensation reported
Former officers (22)
- Former: Ken Williams (2019–2024) — Executive Board Member
- Former: Alge Crumpler (2020–2024) — Executive Board Member
- Former: Eric Montross (2020–2024) — Senior Director of Principal Gifts
- Former: Alan Caldwell (2021–2024) — Executive Board Member
- Former: Don Hardison (2021–2024) — Executive Board Member
- Former: Sharon Rothwell (2021–2024) — Executive Board Member
- Former: David Routh (2019–2023) — Executive Board Member
- Former: Melanie Biese (2020–2023) — Executive Board Member
- Former: Chuck Duckett (2019–2022) — Executive Board Member
- Former: Munroe Cobey (2019–2022) — Executive Board Member
- Former: Tim Smith (2019–2022) — Deputy Director
- Former: Dawn McPherson (2019–2021) — Chief Operating Officer
- Former: Miltom Petty (2019–2021) — Treasurer
- Former: Sue W. Stankavage (2019–2021) — Associate Executive Director Scholarship
- Former: Vanessa Wittman (2019–2021) — Executive Board Member
- Former: Chris Smith (2019–2020) — Executive Board Member
- Former: Henry Smith (2019–2020) — Executive Board Member
- Former: Laura Scott (2019–2020) — Executive Board Member
- Former: Cathy Carter Morris (2019) — Executive Board Member
- Former: Ralph Teal (2019) — Executive Board Member
- Former: Steve Lerner (2019) — Executive Board Member
- Former: W. Lowry Caudill (2019) — Past Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $554K, to John Montgomery (Executive Director). 11 officers or directors reported compensation on that filing.
Frequently asked questions about The Educational Foundation Inc
How much does The Educational Foundation Inc give each year?
The Educational Foundation Inc gave $47.7M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $46.3M across 1 grant.
How large is The Educational Foundation Inc?
The Educational Foundation Inc reported $251.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $99.2M.
Where does The Educational Foundation Inc operate?
The Educational Foundation Inc has awarded grants in North Carolina.
What is The Educational Foundation Inc's EIN?
The Educational Foundation Inc's EIN (Employer Identification Number) is 56-6058412. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS April 29, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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