The Society for Financial Studies
Sfs is a global, nonprofit academic finance society that edits and publishes three top academic journals in finance. The organization also hosts academic conferences in finance and awards grants and prizes.
The Society for Financial Studies at a glance
In short: The Society for Financial Studies gave $5K across 1 grant in 2024 (avg $5K), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $5,151
- -20.9% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $5,151
- -20.9% vs 2023
- Median grant
- $5,151
- Total assets
- $12,127,576
- +17.0% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Society for Financial Studies funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of North Carolina Kenana-Flagler Business School ($5K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $5K (2024) to $29K (2022). In 2024 it made 1 grant totaling $5K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Carolina Kenana-Flagler Business School Chapel Hill, NC | Finance Conference | $5,151 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $12,127,576 | $1,565,656 | $1,386,263 | $5,151 | 1 | $301,752 |
| 2023 | $10,367,420 | $1,190,128 | $1,427,661 | $6,516 | 1 | $103,914 |
| 2022 | $8,896,085 | $1,220,921 | $1,135,559 | $29,458 | Total only | $168,201 |
| 2021 | $10,269,539 | $1,203,829 | $1,305,769 | — | — | $186,224 |
| 2020 | $9,143,703 | $1,195,936 | $944,987 | — | — | $140,521 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About The Society for Financial Studies
Based on IRS filings
The Society for Financial Studies is a public charity focused on Education, based in Raleigh, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.1M in total assets. In 2024, it awarded 1 grant totaling $5K. Net investment income was $302K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Society for Financial Studies is led by Wei Jiang, President since 2022 (on filings since 2020); 1 of 14 officers listed in 2024 is compensated.
Officers on the 2024 filing
Wei Jiang
President
Vice President → President, 2022
On filings since 2020
3 hrs/week
No compensation reported
Jan Eberley
President
New on the 2024 filing
3 hrs/week
No compensation reported
Renee Adams
Chair & Sfs C
Council Member → Council Chair, 2021
Council Chair → Chair & Sfs C, 2022
On filings since 2020
3 hrs/week
No compensation reported
Lalitha Naveen
Secretary
Treasurer → Secretary, 2022
On filings since 2021
10 hrs/week
$15K (2021) → $51K (2024)
Alon Brav
Member & Sfs
Council Member → Member & Sfs, 2022
On filings since 2020
3 hrs/week
No compensation reported
Kai Li
Member & Sfs
Council Member → Member & Sfs, 2022
On filings since 2020
3 hrs/week
No compensation reported
Liyan Yang
Member & Sfs
Council Member → Member & Sfs, 2022
On filings since 2020
3 hrs/week
No compensation reported
Alexandra Niessen-Ruenzi
Member & Sfs
On filings since 2022
3 hrs/week
No compensation reported
Carola Frydman
Member & Sfs
On filings since 2022
3 hrs/week
No compensation reported
Jonathan Karpoff
Member & Sfs
On filings since 2022
3 hrs/week
No compensation reported
Yishay Yafeh
Vice President
On filings since 2022
3 hrs/week
No compensation reported
Daniel Ferreira
Member & Sfs
New on the 2024 filing
3 hrs/week
No compensation reported
Margarita Tsoutsoura
Member & Sfs
New on the 2024 filing
3 hrs/week
No compensation reported
Zhi Da
Member & Sfs
New on the 2024 filing
3 hrs/week
No compensation reported
Former officers (6)
- Former: Allaudeen Hameed (2020–2023) — Member & Sfs
- Former: Karin Thorburn (2020–2023) — Member & Sfs
- Former: Paola Sapienza (2021–2023) — Member & Sfs
- Former: Antoinette Schoar (2020–2022) — President
- Former: Craig Holden (2020–2021) — Former Secretary-Treasurer · Filing note: Deceased
- Former: Raman Uppal (2020) — Council Chair
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $51K, to Lalitha Naveen (Secretary/Tr).
Frequently asked questions about The Society for Financial Studies
How much does The Society for Financial Studies give each year?
The Society for Financial Studies gave $5K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $7K across 1 grant.
How large is The Society for Financial Studies?
The Society for Financial Studies reported $12.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.6M.
What is The Society for Financial Studies?
The Society for Financial Studies is a public charity focused on Education, based in Raleigh, NC. It holds $12.1M in total assets as of 2024.
Where does The Society for Financial Studies operate?
The Society for Financial Studies has awarded grants in North Carolina.
What is The Society for Financial Studies's EIN?
The Society for Financial Studies's EIN (Employer Identification Number) is 95-4143302. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Society for Financial Studies funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Society for Financial Studies's focus areas in our free grants database
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Figures come from The Society for Financial Studies's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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