Education Foundation Scholarship Endowment Trust

Analysis

Education Foundation Scholarship Endowment Trust is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Education Foundation Scholarship Endowment Trust reported income of $25.4m and spending of $14.1m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.6m to $25.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation Scholarship Endowment Trust sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Le Lycee Francais de Los Angeles ($25.4m), Kohelet Yeshiva High School Inc ($25.4m) and Philander Smith College ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $390.9m against liabilities of $16k, net assets of $390.9m.