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Psi Lambda Educational Foundation Inc. is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 2012. The principal officer is Chris Palmer. It holds total assets of $75K. Annual income is reported at $19K. Total assets have grown from $23K in 2014 to $75K in 2024. The foundation is governed by 4 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Psi Lambda Educational Foundation Inc. has made 19 grants totaling $8K, with a median grant of $500. Annual giving has grown from $3K in 2020 to $4K in 2022. Individual grants have ranged from $250 to $600, with an average award of $444.737. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Tennessee and Maryland. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Psi Lambda Educational Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in TN, MD.
Psi Lambda Educational Foundation Inc. has distributed a total of $8K across 19 grants. The median grant size is $500, with an average of $444.737. Individual grants have ranged from $250 to $600.
Psi Lambda Educational Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Psi Lambda Educational Foundation Inc. is headquartered in CHATTANOOGA, TN. While based in TN, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles Jackson | PRESIDENT | $0 | $0 | N/A |
| Chris Palmer | TREASURER | $0 | $0 | N/A |
| Virgil Mcgee | VICE PRESIDENT | $0 | $0 | N/A |
| Cecil Flournoy | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$75K
Fair Market Value
N/A
Net Worth
$75K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
19
Total Giving
$8K
Average Grant
$444.737
Median Grant
$500
Unique Recipients
12
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Dr Rev Jeff WilsonDONATION | Chattanooga, TN | $600 | 2022 |
| Jaylan SimsSCHOLARSHIP | Ooltewah, TN | $500 | 2022 |
| Braeden AdairSCHOLARSHIP | Chattanooga, TN | $500 | 2022 |
| Ruby Hurley NaacpDONATION | Baltimore, MD | $250 | 2022 |
| Sigmas Educational ProgramDONATION | Chattanooga, TN | $250 | 2022 |
| Caleb ColvinSCHOLARSHIP | Chattanooga, TN | $500 | 2021 |
| Derrick BakerSCHLORSHIP | Chattanooga, TN | $500 | 2021 |
| March Of DimesDONATION | Hermitage, TN | $250 | 2021 |
| Deonte KnoxSCHOLARSHIP | Chattanooga, TN | $500 | 2020 |
| Jabriel KnoxSCHOLARSHOP | Chattanooga, TN | $500 | 2020 |
| Ahmad RobinsonSCHOLARSHIP | Chattanooga, TN | $500 | 2020 |
| Traveon ColemanSCHOLARSHIP | Chattanooga, TN | $500 | 2020 |