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Educational Promise Foundation is a private corporation based in INDIAN WELLS, CA. The foundation received its IRS ruling in 2004. The principal officer is % Toby L Schreiber. It holds total assets of $3.1M. Annual income is reported at $1.1M. THE SPECIFIC PURPOSES FOR WHICH THIS FOUNDATION IS ORGANIZED ARE CHARITABLE, SUPPORTING ORGANIZATIONS THAT FURTHER THE QUALITY OF EDUCATION IN THE UNITED STATES. According to available records, Educational Promise Foundation has made 20 grants totaling $1.2M, with a median grant of $50K. Annual giving has grown from $25K in 2020 to $476K in 2023. Grantmaking activity was highest in 2022 with $728K distributed across 10 grants. Individual grants have ranged from $20K to $150K, with an average award of $61K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Michigan, Kansas, Massachusetts, which account for 45% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
THE SPECIFIC PURPOSES FOR WHICH THIS FOUNDATION IS ORGANIZED ARE CHARITABLE, SUPPORTING ORGANIZATIONS THAT FURTHER THE QUALITY OF EDUCATION IN THE UNITED STATES.
THE SPECIFIC PURPOSES FOR WHICH THIS FOUNDATION IS ORGANIZED ARE CHARITABLE, SUPPORTING ORGANIZATIONS THAT FURTHER THE QUALITY OF EDUCATION IN THE UNITED STATES. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in MI, KS, MA.
Educational Promise Foundation has distributed a total of $1.2M across 20 grants. The median grant size is $50K, with an average of $61K. Individual grants have ranged from $20K to $150K.
Educational Promise Foundation typically selects its grantees rather than accepting unsolicited proposals.
Educational Promise Foundation is headquartered in INDIAN WELLS, CA. While based in CA, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matthew H Schreiber | Treasurer | $0 | $0 | $0 |
| Rita D Schreiber | President | $0 | $0 | $0 |
| Patricia Schreiber | Secretary | $0 | $0 | $0 |
Total Giving
$632K
Total Assets
$3M
Fair Market Value
$7.1M
Net Worth
$3M
Grants Paid
$476K
Contributions
$0
Net Investment Income
$431K
Distribution Amount
$339K
Total: $2.7M
Total Grants
20
Total Giving
$1.2M
Average Grant
$61K
Median Grant
$50K
Unique Recipients
12
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nat'L Alliance For Public Charter SEDUCATIONAL ASSISTANCE | Washington, DC | $75K | 2023 |
| Petra AcadamyEDUCATIONAL ASSISTANCE | Bozeman, MT | $75K | 2023 |
| Frontier InstituteEDUCATIONAL ASSISTANCE | Helena, MT | $56K | 2023 |
| Ed ChoiceEDUCATIONAL ASSISTANCE | Indianapolis, IN | $50K | 2023 |
| Pioneer InstituteOPERATING EXPENSES | Boston, MA | $50K | 2023 |
CINCINNATI, OH
SANTA CLARITA, CA
SEATTLE, WA
PICKERINGTON, OH
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Boys And Girls Clubs Of Coachella VEDUCATIONAL ASSITANCE | Palm Desert, CA | $50K | 2023 |
| Ku Center For Research -- KucrlEDUCATIONAL ASSISTANCE | Lawrence, KS | $50K | 2023 |
| American Federation For ChildrenEDUCATIONAL ASSISTANCE | Dallas, TX | $50K | 2023 |
| Chabad LubavitchEDUCATIONAL ASSISTANCE | Montana, MT | $20K | 2023 |
| Hillsdale CollegeEDUCATIONAL ASSISTANCE | Hillsdale, MI | $150K | 2022 |
| Ku EndowmentEDUCATIONAL ASSISTANCE | Lawrence, KS | $64K | 2022 |
| BluumEDUCATIONAL ASSISTANCE | Boise, ID | $50K | 2022 |
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