Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1973.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Funds IEEE programs using technology and education to improve lives.
Questions for Ieee Foundation INC
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Energize
Energizing innovation by celebrating technological and academic excellence through the presentation of peer-to-peer recognitions (medals, awards, and service recognitions) to hundreds of individuals for life-transforming work and IEEE-Eta Kappa Nu, the honor society of IEEE, where the importance of scholarship, character, and attitude…
Educate
Educating the next generation of innovators and engineers by nourishing students through academic opportunities: scholarships, fellowships, travel grants, mentoring, and introducing pre-university students to STEM and the history of technology with classroom curriculum, hands-on experiences, and interactive workshops.
Illuminate
Illuminating the possibilities of technology to address global challenges through the delivery and deployment of innovative sustainable projects that bring electricity, communication, education, and hope throughout the world. Programs include IEEE Smart Village, EPICS in IEEE, and IEEE Move Global.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $17.8M | $20.4M |
| InvestmentsLn 11–13 | $50.9M | $56.7M |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $76.5M | $84.7M |
| LiabilitiesLn 26 | $2.3M | $2.6M |
| Net assetsLn 32 | $74.2M | $82.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3.6M | $3.6M | ||
| Grants to domestic individualsLn 2 | $630K | $630K | ||
| Grants and assistance to foreign recipientsLn 3 | $379K | $379K | ||
| Pay of current officers, directors and key staffLn 5 | $0 | $0 | $0 | $0 |
| Accounting feesLn 11c | $46K | $46K | ||
| Professional fundraising feesLn 11e | $25K | $25K | ||
| Investment management feesLn 11f | $85K | $85K | ||
| Other fees for servicesLn 11g | $1.1M | $354K | $758K | $0 |
| Advertising and promotionLn 12 | $91K | $91K | ||
| Office expensesLn 13 | $270K | $186K | $84K | |
| OccupancyLn 16 | $54K | $17K | $37K | |
| TravelLn 17 | $203K | $86K | $117K | |
| InsuranceLn 23 | $9K | $9K | ||
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $6.5M | $5.3M | $1.1M | $116K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $11.2M | $6.5M | $4.7M | $82.1M | 990 PDF |
| FY2023 | $10.0M | $6.9M | $3.1M | $74.2M | 990 PDF |
| FY2022 | $9.5M | $5.7M | $3.9M | $66.4M | 990 PDF |
| FY2021 | $9.1M | $4.1M | $5.0M | $71.1M | 990 PDF |
| FY2020 | $6.4M | $4.4M | $2.0M | $60.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $11,245,366 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $11,245,366 across 11 lines filed
Part IX · Statement of functional expenses $6,538,091 across 14 lines filed
Part X · Balance sheet $84,710,583 assets, 18 lines filed
Part XI · Reconciliation of net assets $82,092,053 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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