Foundation For Excellence In Higher Education Inc
- Assets
- $10.9m
- Revenue
- $10.6m
- Investments
- $1.4m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-1439784
Organization Overview
Foundation For Excellence In Higher Education Inc is located in Princeton, NJ. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Excellence In Higher Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation For Excellence In Higher Education Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Excellence In Higher Education Inc has awarded 46 individual grants totaling $17,908,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR PROJECTS THAT EDUCATE YOUNG MEN AND WOMEN IN THE WESTERN INTELLECTUAL TRADITION. TOTAL AMOUNT OF GRANTS AWARDED TO APPROXIMATELY 22 RECEIPIENTS. ALL OF WHICH ARE 501(C)(3) CHARITIES OR INDIVIDUALS AND ORGANIZATIONS MEETING THE IRS GUIDELINES FOR THESE TYPES OF AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyd Smith Chairman | 1 | $0 | |
Donald Readlinger Secretary | 1 | $0 | |
Peter Brinckerhoff Treasurer | 1 | $0 | |
G David Bednar Trustee | 1 | $0 | |
Thalia Considine Trustee | 1 | $0 | |
Steven Justice Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,002,160 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $615,023 |
| Capital Gain Net Income | $594,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,645,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $74,911 |
| Printing and publications | $8,929 |
| Other expenses | $406,392 |
| Total operating and administrative expenses | $584,318 |
| Contributions, gifts, grants paid | $7,639,494 |
| Total expenses and disbursements | $8,223,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,953 |
| Savings and temporary cash investments | $2,187,904 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $7,297,004 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,905,740 |
| Accounts payable and accrued expenses | $21,457 |
| Grants payable | $5,904,114 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,925,571 |
Grants Awarded
Over the last fiscal year, Foundation For Excellence In Higher Education Inc has awarded $7,748,416 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CANTERBURY INSTITUTE PURPOSE: OXFORD SCHOLARSHIPS PROGRAM; GENERAL OPERATIONS | $1,971,357 |
New York, NY PURPOSE: GENERAL OPERATIONS, BARRY CENTER, REDUCTION OF GRANT EXPENSES | $1,117,000 |
JOHN HOPKINS UNIVERSITY PURPOSE: PAUL R. MCHUGH PROGRAM | $375,000 |
AGORA TRUST PURPOSE: GENERAL OPERATIONS | $360,000 |
Princeton, NJ PURPOSE: AFA GENERAL OPERATIONS AND DISBURSMENTS OF REMAINING SPECIAL DEFENSE FUNDS | $359,400 |
Cambridge, MA PURPOSE: GENERAL OPERATIONS | $350,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Foundation For Excellence In Higher Education Inc has recieved totaling $4,188,480.
| Awarding Organization | Amount |
|---|---|
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: TOWARDS THE NETWORK EFFECT: LEVERAGING THE FOUNDATION FOR EXCELLENCE IN HIGHER EDUCATION TO RENENEW UNIVERSITIES FROM WITHIN PROJECT | $1,000,000 |
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT EDUCATIONAL INSTITUTES, CENTERS AND PROGRAMS AT UNIVERSITIES | $800,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $665,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $665,000 |
Considine Family Foundation Denver, CO PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |