The Edvancement Foundation Corporation is a private foundation focused on Education, based in GREAT NECK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 4 grants totaling $44K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+51.8% YoY
Annual Giving
$44K
+2.3% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$11K
-48.8% YoY
Under IRS private-foundation payout rules, The Edvancement Foundation Corporation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.
About The Edvancement Foundation Corporation
Based on IRS filings
The Edvancement Foundation Corporation is a private foundation focused on Education, based in GREAT NECK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 4 grants totaling $44K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,060,761 | $1,357,765 | $760,421 |
| Revenue | $752,757 | $518,678 | $-146,455 |
| Expenses | $49,332 | $43,916 | $7,229 |
| Qualifying Distributions | $49,332 | $42,600 | $4,500 |
| Net Investment Income | $22,826 | $18,678 | $10,807 |
| Distributable Amount | $74,770 | $41,212 | $42,985 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Schwab Charitable ($20,000), New York Hall of Science ($10,000), Jacob a Riis Neighborhood ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN MUSEUM OF NATURAL HISTORY NEW YORK, NY | EDUCATIONAL | $3,600 |
| NEW YORK HALL OF SCIENCE CORONA, NY | EDUCATIONAL | $10,000 |
| JACOB A RIIS NEIGHBORHOOD LONG ISLAND CITY, NY | EDUCATIONAL | $10,000 |
| SCHWAB CHARITABLE OMAHA, NE | EDUCATIONAL | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LIHUA HONG | PRESIDENT | 1 | — |
| JACKIE WU | COO | 1 | — |
| SUSAN WU | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Edvancement Foundation Corporation?
The Edvancement Foundation Corporation is a private foundation focused on Education, based in GREAT NECK, NY. It holds $2.1M in total assets as of 2024.
How large is The Edvancement Foundation Corporation?
As of 2024, The Edvancement Foundation Corporation holds $2.1M in total assets with $753K in annual revenue. It awarded 4 grants totaling $44K in 2024.
Where does The Edvancement Foundation Corporation operate?
The Edvancement Foundation Corporation has awarded grants in Massachusetts, Nebraska, New York.
What size grants does The Edvancement Foundation Corporation award?
In 2024, The Edvancement Foundation Corporation awarded 4 grants totaling $44K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Edvancement Foundation Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Edvancement Foundation Corporation reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Edvancement Foundation Corporation's EIN?
The Edvancement Foundation Corporation's EIN (Employer Identification Number) is 86-3844309. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Edvancement Foundation Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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