EDUCATIONAL FOUNDATION INC

EIN 56-6058412 CHAPEL HILL, NC

Revenue 2023: $76,461,125
Expenses 2023: $64,647,364

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection: 03
Classification: 2000
Street: PO BOX 2446

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

SEE SCHEDULE O

CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL: CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENT ATHLETES.

Expenses $26,403,368 · Grants $15,655,723
CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL:CONTRIBUTIONS TO UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE FINANCIAL ASSISTANCE TO OPERATING BUDGETS FOR 28 SPORTS, TO PROVIDE DEBT SERVICE FOR PREVIOUS RENOVATIONS OF ATHLETIC FACILITIES, TO PROVIDE ASSISTANCE WITH CONSTRUCTION OF PARKING FACILITIES ON CAMPUS, AND TO PROVIDE FINANCIAL ASSISTANCE TO VARIOUS OTHER ATHLETIC PROGRAMS AND PROJECTS.

Expenses $11,308,085 · Grants $11,308,085
RENOVATIONS TO THE KENAN FOOTBALL CENTER, FINLEY GOLF COURSE RENOVATION, CHEWNING TENNIS COMPLEX, AND THE WOMEN'S BASKETBALL LOCKER ROOM AND OFFICE AREA. RENOVATIONS TO WOOLLEN GYM TO CREATE A WOMEN'S PRACTICE FACILITY FOR WOMEN'S BASKETBALL. NEW VIDEOBOARD FOR BOSHAMER STADIUM AND CARMICHAEL AUDITORIUM. PLANNING COSTS FOR NEW GOLF TEAM BUILDING. UPDATES TO THE SOFTBALL HITTING AREA, WBB MUSEUM, AND FINLEY CLUBHOUSE. LED LIGHTS AND ADA IMPROVEMENTS TO THE SMITH CENTER.

Expenses $19,383,827 · Grants $19,383,827

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

ALGE CRUMPLER

EXECUTIVE BOARD MBR.

Total calculated

$0

Hours/week

0
DONNA CURTIS MCCLATCHEY

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
SHARON ROTHWELL

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
JIM SIGMAN

VICE CHAIR

Total calculated

$0

Hours/week

0
VAUGHN MOORE

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
DEWEY BURKE

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
BRIAN GOLSON

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
ALAN CALDWELL

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
DON HARDISON

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
IV CULP

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
MICHAEL KENNEDY

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
AURELIA STAFFORD MONK

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
TOM CHEWNING

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
KEN WILLIAMS

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
LOWRY CAUDILL

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
FRANK BRENNER

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
DWIGHT STONE

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
DON WILLIAMS

PAST CHAIR

Total calculated

$0

Hours/week

0
ANNE LLOYD

CHAIR

Total calculated

$0

Hours/week

0
MILT PETTY

TREASURER

Total calculated

$0

Hours/week

0
TOM MANN

SECRETARY

Total calculated

$0

Hours/week

0
DAVE BOLIEK

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
RALPH MEEKINS

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
MICHAEL ANDREASEN

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0
TODD POPE

EXECUTIVE BOARD MBR

Total calculated

$0

Hours/week

0

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

2023

Revenue

$76,461,125

Expenses

$64,647,364

Contributions

$68,943,329

Grants paid

$46,347,635
2022

Revenue

$81,777,973

Expenses

$78,781,027

Contributions

$76,234,150

Grants paid

$61,422,982

Tax year	Revenue	Expenses	Contributions	Grants paid
2023	$76,461,125	$64,647,364	$68,943,329	$46,347,635
2022	$81,777,973	$78,781,027	$76,234,150	$61,422,982

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

2021 · 990

Revenue

$82,405,052

Expenses

$44,922,056

Assets (EOY)

$210,237,588
2020 · 990

Revenue

$63,834,996

Expenses

$48,905,119

Assets (EOY)

$193,854,804
2019 · 990

Revenue

$79,221,316

Expenses

$43,399,868

Assets (EOY)

$148,527,543
2018 · 990

Revenue

$43,570,149

Expenses

$77,180,181

Assets (EOY)

$131,716,648
2017 · 990

Revenue

$50,406,571

Expenses

$88,404,009

Assets (EOY)

$121,969,174
2016 · 990

Revenue

$55,552,469

Expenses

$50,463,082

Assets (EOY)

$111,948,100
2015 · 990

Revenue

$46,546,843

Expenses

$32,553,144

Assets (EOY)

$97,109,790
2014 · 990

Revenue

$38,689,391

Expenses

$30,484,484

Assets (EOY)

$89,743,664
2014 · 990

Revenue

$38,689,391

Expenses

$30,484,484

Assets (EOY)

$89,743,664
2013 · 990

Revenue

$35,438,366

Expenses

$25,970,160

Assets (EOY)

$85,649,541

Tax year	Form	Revenue	Expenses	Assets (EOY)
2021	990	$82,405,052	$44,922,056	$210,237,588
2020	990	$63,834,996	$48,905,119	$193,854,804
2019	990	$79,221,316	$43,399,868	$148,527,543
2018	990	$43,570,149	$77,180,181	$131,716,648
2017	990	$50,406,571	$88,404,009	$121,969,174
2016	990	$55,552,469	$50,463,082	$111,948,100
2015	990	$46,546,843	$32,553,144	$97,109,790
2014	990	$38,689,391	$30,484,484	$89,743,664
2014	990	$38,689,391	$30,484,484	$89,743,664
2013	990	$35,438,366	$25,970,160	$85,649,541

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

UNC CHAPEL HILL

$61,422,982

2022 SCHOLARSHIPS, CONSTRUCTION, AND OTHER FINANCIAL ASSISTANCE.
UNC CHAPEL HILL

$46,347,635

2023 SCHOLARSHIPS, CONSTRUCTION, AND OTHER FINANCIAL ASSISTANCE.

Where these grants went next →

Grants received

EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

$16,596,503

2024 SCHOLARSHIPS
EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

$15,351,880

2023 SCHOLARSHIPS
EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

$13,975,259

2022 SCHOLARSHIPS
FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$3,117,022

2024 For grant recipient's exempt purposes
NATIONAL PHILANTHROPIC TR

$1,518,800

2024 EDUCATION
FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$806,950

2023 For grant recipient's exempt purposes
DONOR ADVISED CHARITABLE GIVING

$733,050

2023 EDUCATION
FOUNDATION FOR THE CAROLINAS

$713,400

2023 CHARITABLE GIFT
DONOR ADVISED CHARITABLE GIVING

$496,551

2024 EDUCATION
VANGUARD CHARITABLE ENDOWMENT PROGRAM

$417,000

2023 FOR RECIPIENT'S EXEMPT PURPOSE

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

THE EDUCATIONAL FOUNDATION SCHOLARSHIP

501(C)(3) · SUPPORTING ORGANIZATION · NC · controlled entity

Declared as related by

EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST

On its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2023 return

CHARITABLE REMAINDER UNITRUSTS (8)

T · CHARITABLE TRUST · NC

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.