The Foundation for the Educational Development of Children
The foundation supports the operations of the sonia shankman orthogenic school and the hyde park day schools and manages the investments it owns for this use. Additionally, it is the owner of fedc holdings llc, a disregarded entity, which holds real estate assets of the organization.
The Foundation for the Educational Development of Children at a glance
In short: The Foundation for the Educational Development of Children gave $550K across 1 grant in 2025 (avg $550K), mostly in Illinois. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $550,000
- +120.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $550,000
- +120.0% vs 2024
- Median grant
- $550,000
- Total assets
- $43,647,463
- +1.6% vs 2024
- Primary geography
- Illinois (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 Foundation for the Educational Development of Children funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Leslie Shankman School Corporation ($550K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 5 (40%).
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 Foundation for the Educational Development of Children gives
- Giving fell 58% 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 $250K (2024) to $1.3M (2022). In 2025 it made 1 grant totaling $550K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Leslie Shankman School Corporation Chicago, IL | Operations | $550,000 |
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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 | $43,647,463 | $2,048,306 | $1,340,235 | $550,000 | 1 | $2,048,306 |
| 2024 | $42,939,392 | $2,290,349 | $1,039,010 | $250,000 | 1 | $2,290,349 |
| 2023 | $41,688,053 | $1,967,360 | $1,626,312 | $830,000 | 1 | $1,922,360 |
| 2022 | $41,347,005 | $-1,249,994 | $2,219,269 | $1,325,000 | 1 | $-1,270,394 |
| 2021 | $44,816,268 | $950,465 | $1,315,169 | $400,000 | 1 | $870,215 |
| 2020 | $42,770,791 | $-1,984,012 | $1,364,014 | $600,780 | 1 | $-2,163,272 |
| 2019 | $21,193,848 | $1,254,271 | $446,377 | $320,000 | 1 | $1,140,236 |
About The Foundation for the Educational Development of Children
Based on IRS filings
The Foundation for the Educational Development of Children is a public charity, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $43.6M in total assets. In 2025, it awarded 1 grant totaling $550K. Net investment income was $2.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Foundation for the Educational Development of Children is led by Abby Simon, CFO & Executive Director on every filing since 2021; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Abby Simon
CFO & Executive Director
On filings since 2021
1 hr/week
$193K (2023) → $0 (2025)
Scott McDonald
Chair
On filings since 2022
1 hr/week
No compensation reported
Lenny Asaro
Director
On filings since 2019
1 hr/week
No compensation reported
Tina Mattera
Director
New on the 2025 filing
1 hr/week
No compensation reported
Adam Steinback
Vice Chair
Vice President → Vice Chair, 2021
On filings since 2019
2 hrs/week
No compensation reported
Janet Goelz Hoffman
Secretary
Director → Secretary & Treasurer, 2022
Secretary & Treasurer → Secretary, 2025
On filings since 2019
2 hrs/week
No compensation reported
Matt Speisser
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: David Kurtz (2022–2024) — Director -
- Former: Vic Conant (2019–2023) — Director
- Former: Jim Steinback (2022) — Chair -
- Former: James A. Steinback (2019–2021) — Chair
- Former: Tammy Gianfortune (2019–2021) — Secretary
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 2023 IRS filing
The highest reported compensation on the 2023 filing was $193K, to Abby Simon (CFO & Executive Director).
Frequently asked questions about The Foundation for the Educational Development of Children
How much does The Foundation for the Educational Development of Children give each year?
The Foundation for the Educational Development of Children gave $550K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $250K across 1 grant.
How large is The Foundation for the Educational Development of Children?
The Foundation for the Educational Development of Children reported $43.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.0M.
Where does The Foundation for the Educational Development of Children operate?
The Foundation for the Educational Development of Children has awarded grants in Illinois.
What is The Foundation for the Educational Development of Children's EIN?
The Foundation for the Educational Development of Children's EIN (Employer Identification Number) is 36-6083633. 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 2019 (received by the IRS March 18, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 2, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 11, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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