The Edvancement Foundation Corporation

Private foundation · Grantmaker Great Neck, NY EIN: 86-3844309

The Edvancement Foundation Corporation is a private foundation focused on Education, based in Great Neck, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 1 grant totaling $100K. Net investment income was $22K.

Key facts about The Edvancement Foundation Corporation

In short: The Edvancement Foundation Corporation gave $100K across 1 grant in 2025 (avg $100K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
86-3844309
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$100,000
Grants made (2025)
1
Average grant
$100,000
Median grant
$100,000
Total assets
$2,801,641
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.8M

+36.0% YoY

Annual Giving

$100K

+129.4% YoY

Grant Count

1

-75.0% YoY

Avg Grant Size

$100K

+817.4% YoY

Under IRS private-foundation payout rules, The Edvancement Foundation Corporation reported a distributable amount of $137K for 2025 — the minimum it must pay out in qualifying distributions.

How The Edvancement Foundation Corporation gives

  • Giving grew 2122% from 2022 to 2025. Method
  • In 2025 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of the 2025 grant dollars on its one itemized grant.

Cities

New YorkAndoverCoronaLong Island CityOmahaPasadena

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2021 2 grants2022 2 grants2023 4 grants2024 1 grant2025

From 2022 to 2025, annual grant giving ranged from $5K (2022) to $100K (2025). In 2025 it made 1 grant totaling $100K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Ustc Initiative Foundation: $100KUstc Initiative Foundation$100K

The largest 2025 recipient was Ustc Initiative Foundation ($100K).

Grant Size Distribution

9 grants across all recorded years

8<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 9 (89%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ustc Initiative Foundation Pasadena, CAEducation$100,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,801,641$2,060,761$1,357,765
Revenue$847,134$752,757$518,678
Expenses$105,937$49,332$43,916
Qualifying Distributions$105,937$49,332$42,600
Net Investment Income$21,722$22,826$18,678
Distributable Amount$137,180$74,770$41,212

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  2. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

The Edvancement Foundation Corporation is led by Lihua Hong, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Lihua Hong

    President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jackie Wu

    COO

    On filings since 2021

    1 hr/week

    No compensation reported

  • Susan Wu

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Edvancement Foundation Corporation

How much does The Edvancement Foundation Corporation give each year?

The Edvancement Foundation Corporation gave $100K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 4 grants.

How large is The Edvancement Foundation Corporation?

The Edvancement Foundation Corporation reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $106K in qualifying distributions that year, against a required minimum of $137K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is The Edvancement Foundation Corporation?

The Edvancement Foundation Corporation is a private foundation focused on Education, based in Great Neck, NY. It holds $2.8M in total assets as of 2025.

Where does The Edvancement Foundation Corporation operate?

The Edvancement Foundation Corporation has awarded grants in California, Massachusetts, Nebraska, New York.

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 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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