Totals
- Total revenue
- $27,976,264
- Total expenses
- $28,193,264
- Contributions and grants received
- $26,170,331
- Grants paid
- $27,900,024
- Program service revenue
- $0
- Investment income
- $1,805,933
- Other revenue
- $0
- Total assets, end of year
- $51,422,978
- Total liabilities, end of year
- $42,685,973
- Net assets or fund balances, end of year
- $8,737,005
- Program services expenses (Part IX)
- $28,076,505
- Management and general expenses
- $116,759
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,076,505
Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$26,170,331
-
3 · Investment income
total $1,805,933 · excluded $1,805,933
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,607,274 · program services $27,607,274
-
2 · Grants to domestic individuals
total $292,750 · program services $292,750
-
11b · Fees: legal
total $1,246 · management and general $1,246
-
11c · Fees: accounting
total $30,083 · management and general $30,083
-
11f · Fees: investment management
total $42,584 · management and general $42,584
-
11g · Fees: other
total $10,021 · management and general $10,021
-
14 · Information technology
total $23,106 · management and general $23,106
-
24a · Other expenses: MATCHING GIFTS OPERATIN
total $151,647 · program services $151,647
-
24b · Other expenses: AAA ANNUAL MEETING EXP.
total $14,834 · program services $14,834
-
24c · Other expenses: DOCTORAL FELLOWSHIP
total $10,000 · program services $10,000
-
24d · Other expenses: FILING FEES
total $6,766 · management and general $6,766
-
24e · All other expenses
total $2,953 · management and general $2,953
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,817,839 · end of year $5,683,995
-
2 · Savings and temporary cash investments
beginning of year $6,514,162 · end of year $5,251,476
-
3 · Pledges and grants receivable
beginning of year $9,587,159 · end of year $9,414,723
-
12 · Investments: other securities
beginning of year $34,634,948 · end of year $31,072,784
-
18 · Grants payable
beginning of year $47,162,104 · end of year $42,685,973
-
27 · Net assets without donor restrictions
beginning of year $5,374,405 · end of year $5,384,631
-
28 · Net assets with donor restrictions
beginning of year $3,017,599 · end of year $3,352,374
Mission and programs · 2024
Mission
THE FOUNDATION SUPPORTS VARIOUS US EDUCATION INITIATIVES THAT HELP THE TALENT OF THE FUTURE, THEIR INFLUENCERS AND PROMOTE EXCELLENCE IN TEACHING, RESEARCH & CURRICULUM INNOVATION. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT TO MANY COLLEGES & UNIVERSITIES.
Activities or mission (Part I)
SUPPORT EDUCATION PROGRAMS WHICH ARE HELPING TO DEVELOP TALENT OF THE FUTURE.
-
MATCHING GIFTS PROGRAM - THE ORGANIZATION SUPPORTS HIGHER EDUCATION THROUGH CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.
Expenses $9,376,624 · Grants $9,224,978
-
DOCTORAL FELLOWSHIP PROGRAM - THE ORGANIZATION PROVIDES FINANCIAL SUPPORT (FELLOWSHIPS) TO TOP U.S. ACCOUNTING DOCTORAL STUDENTS TO HELP STRENGTHEN THE PIPELINE OF PHD-QUALIFIED ACCOUNTING FACULTY.
Expenses $272,500 · Grants $262,500
-
EDUCATIONAL SUPPORT - THE ORGANIZATION CONTINUES TO EVOLVE ALONGSIDE EDUCATION, HELPING TO SUPPORT EDUCATORS AND DEVELOP FUTURE LEADERS IN THE FIELDS OF AUDIT, TAX AND CONSULTING SERVICES. THE ORGANIZATION PROVIDES A VARIETY OF PROGRAMS AND INITIATIVES FOR FACULTY AND STUDENTS TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING.
Expenses $18,427,381 · Grants $18,412,547
As filed on the 2024 return.
Listed in Part VII
-
Lara AbrashLARA ABRASH
CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Erin ScanlonERIN SCANLON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Denise ShepherdDENISE SHEPHERD
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Tim DavisTIM DAVIS
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Valerie DickersonVALERIE DICKERSON
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Kim GriffinKIM GRIFFIN
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Randy GulloRANDY GULLO
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Alicia JanischALICIA JANISCH
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Alicia RoseALICIA ROSE
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Roy MathewROY MATHEW
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael GretczkoMICHAEL GRETCZKO
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 1.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
CHARITIES AID FOUNDATION AMERICA
$9,038,945
MATCHING GIFTS TO COLLEGES/UNIVERSITIES
-
$2,100,000
SCHOLARSHIPS
-
THURGOOD MARSHALL COLLEGE FUND
$1,369,200
SCHOLARSHIPS
-
$1,000,000
EDUCATION SUPPORT GRANT
-
$765,000
SCHOLARSHIPS
-
$750,000
SCHOLARSHIPS
-
NATIONAL SOCIETY OF BLACK ENGINEERS
$750,000
SCHOLARSHIPS
-
BIG BROTHERS BIG SISTERS OF AMERICA
$750,000
SCHOLARSHIPS
-
$750,000
EDUCATION SUPPORT GRANT
-
SCHOLARSHIPS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620269349300927
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.