Finra Investor Education Foundation
Rockville, MD · EIN 20-0863779. Reported 57 grants totalling $1,337,838 to 45 organizations across tax years 2021-2024, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. For Finra Investor Education Foundation, the IRS classifies it under community improvement rather than as a grantmaker (NTEE S20) -- it is an operating charity that also makes grants.
- How spread out its giving is. 45 distinct organizations, with 9% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 22% of one year's grantees are funded again the next, across 3 year-to-year transitions. That is below the 57% median for grantmaking charities, and well below the 67% private foundations manage. A list that turns over this much is one a newcomer can realistically join.
How big are its grants?
The median reported grant is $22,798. Half of what it reported fell between $20,000 and $25,000; the smallest was $9,541 and the largest $57,143. If you are asking for materially more than the top of that range, you are asking the wrong organization.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| The Board of Trustees of the Leland Stanford Junior University | Stanford, CA | $114,286 | 2 | 2 | 2022 |
| University of Tennessee Extension | Knoxville, TN | $103,124 | 2 | 2 | 2024 |
| University of Puerto Rico | San Juan, PR | $71,694 | 2 | 2 | 2022 |
| Clayton Collaborative Authority | Jonesboro, GA | $50,000 | 2 | 2 | 2023 |
| Farmington Public Library Foundation | Farmington, NM | $50,000 | 2 | 2 | 2024 |
| Kenosha Public Library | Kenosha, WI | $50,000 | 2 | 2 | 2024 |
| Nova Southeastern University Inc | Ft Lauderdale, FL | $50,000 | 2 | 2 | 2024 |
| Sara Hightower Regional Library System | Rome, GA | $50,000 | 2 | 2 | 2023 |
| Foundation for Baltimore County Public Library Inc | Towson, MD | $49,830 | 2 | 2 | 2024 |
| Research Foundation of the City University of New York | New York, NY | $49,638 | 2 | 2 | 2023 |
| Ebri Education and Research Fund | Washington, DC | $47,496 | 2 | 2 | 2023 |
| West Georgia Regional Library System | Carrollton, GA | $25,000 | 1 | 1 | 2023 |
| Orange County Library Board of Trustees | Orlando, FL | $24,965 | 1 | 1 | 2022 |
| Orange County Library District | Orlando, FL | $24,965 | 1 | 1 | 2023 |
| South Arkansas College | El Dorado, AR | $23,562 | 1 | 1 | 2023 |
| South Arkansas College | El Dorado, AR | $23,562 | 1 | 1 | 2024 |
| Buffalo & Erie County Public Library | Buffalo, NY | $22,798 | 1 | 1 | 2024 |
| Buffalo and Erie County Public Library Co | Buffalo, NY | $22,798 | 1 | 1 | 2022 |
| The Memorial Library of Nazareth and Vicinity | Nazareth, PA | $21,576 | 2 | 2 | 2023 |
| Barry County United Way | Hastings, MI | $20,000 | 1 | 1 | 2022 |
| Catholic Charities Diocese of Fort Worth | Fort Worth, TX | $20,000 | 1 | 1 | 2022 |
| Catholic Charities of Northeast Kansas Inc | Overland Park, KS | $20,000 | 1 | 1 | 2022 |
| Consumer Credit Counseling Services of the Savannah Area Inc | Savannah, GA | $20,000 | 1 | 1 | 2021 |
| Granite United Way | Manchester, NH | $20,000 | 1 | 1 | 2021 |
| Iowa State University Foundation | Ames, IA | $20,000 | 1 | 1 | 2024 |
| La CASA De Esperanza | Waukesha, WI | $20,000 | 1 | 1 | 2023 |
| Mexico Sustainability Project Inc | Mexico, MO | $20,000 | 1 | 1 | 2022 |
| Rise Memphis Inc | Memphis, TN | $20,000 | 1 | 1 | 2022 |
| United Way of Greater Atlanta Inc | Atlanta, GA | $20,000 | 1 | 1 | 2022 |
| United Way of Greater New Bedford Inc | New Bedford, MA | $20,000 | 1 | 1 | 2023 |
| United Way of Greater Stark County Inc | Canton, OH | $20,000 | 1 | 1 | 2021 |
| United Way of Harrisonburg & Rockingham County Inc | Harrisonburg, VA | $20,000 | 1 | 1 | 2024 |
| United Way of Northwest Vermont Inc | S Burlington, VT | $20,000 | 1 | 1 | 2023 |
| United Way of Pickens County | Easley, SC | $20,000 | 1 | 1 | 2024 |
| United Way of Trumbull County | Warren, OH | $20,000 | 1 | 1 | 2022 |
| University of Wisconsin-Madison | Madison, WI | $20,000 | 1 | 1 | 2023 |
| United Way of Geauga County | Chardon, OH | $20,000 | 1 | 1 | 2022 |
| United Way of Summit and Medina County | Akron, OH | $20,000 | 1 | 1 | 2021 |
| Texas State Library and Archives Commission | Austin, TX | $19,956 | 1 | 1 | 2021 |
| Employee Benefit Research Institute | Washington, DC | $11,874 | 1 | 1 | 2021 |
| Research Foundation for the State University of New York | Albany, NY | $11,660 | 1 | 1 | 2021 |
| Volusia County Public Library | Deland, FL | $10,000 | 1 | 1 | 2023 |
| Cabell County Public Library | Huntington, WV | $9,852 | 1 | 1 | 2022 |
| Osceola Library System | Kissimmee, FL | $9,661 | 1 | 1 | 2023 |
| The Free Library of Philadelphia | Philadelphia, PA | $9,541 | 1 | 1 | 2022 |
12 of 45 (27%) received money in more than one year over the 4 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
What the money was for
Taken verbatim from the purpose column of its filings, largest first. This is the closest thing to a statement of what it funds, in its own words.
- The Board of Trustees of the Leland Stanford Junior University
To study household financial resilience in the United States from the Great Recession to the onset of the COVID-19 pandemic (2008 to 2020) and to examine factors affecting financial stability, especially among financially vulnerable groups. - University of Tennessee
To examine the condition of financial education from the perspective of personal finance teachers in high schools across Tennessee, while giving particular attention to high-poverty schools, the experiences of special education students, and the situation in urban, suburban, and rural schools. - University of Tennessee Extension
To examine the condition of financial education in high schools across Tennessee, giving particular attention to Title I schools and comparing the situation in urban, suburban, and rural schools. - University of Puerto Rico
To undertake research about the financial capability of Hispanics in the United States, both as a single cohort and disaggregated by heritage. - Clayton Collaborative Authority
To enable the Clayton County Library System to integrate activity-based financial education experiences into entrepreneurship and workforce development efforts, especially those related to the region's film industry. - Farmington Public Library Fndt
To collaborate with a coalition of public- and private-sector partners to deliver multigenerational financial capability experiences and services informed by an interactive polling process to ensure alignment with community priorities.
What kind of organizations it funds
By each recipient's own IRS classification, for the 17 of 45 recipients we could match to a registered organization. These are assigned categories, not our guesses -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2021 | 9 | $224,119 | $20,000 |
| 2022 | 20 | $446,862 | $20,000 |
| 2023 | 18 | $408,626 | $24,283 |
| 2024 | 10 | $258,231 | $24,238 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
12% of its giving went to organizations in Georgia. Community foundations and federated funds are usually the most geographically bounded funders there are -- being outside the footprint is normally disqualifying in a way that a weak programme fit is not.
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are the strongest signal available that two funders have overlapping priorities -- and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $22,798 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in Georgia.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Where these numbers come from
Everything above is taken from Finra Investor Education Foundation's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred or estimated.
On its most recent return it told the IRS it made grants to 10 section 501(c)(3) organizations and 0 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 9509 Key West Avenue, Rockville, MD, 20850.
EIN 20-0863779 · See the original filings on ProPublica · How we build this
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