The Edison Charitable Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 82-3773713)

Revenue by fiscal year
FY2020	$4.9M
FY2021	$7.0M
FY2022	$1.9M
FY2023	$1.4M
FY2024	$941K

Expenses by fiscal year
FY2020	$104K
FY2021	$141K
FY2022	$156K
FY2023	$250K
FY2024	$218K

Net assets by fiscal year
FY2020	$16.9M
FY2021	$26.0M
FY2022	$23.8M
FY2023	$28.0M
FY2024	$32.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

62%

38%

Program services 62% · $65K Management & general 38% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Lauren Piec

Director

$0Pt VII · Sec A

Molly Decker

Director

$0Pt VII · Sec A

Rachel M Bosley

Director

$0Pt VII · Sec A

Parilee Edison Wang

President, Treasurer, Dire

$0Pt VII · Sec A

Jeffrey S Edison

Director and CEO

$0Pt VII · Sec A

See The Edison Charitable Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides aid for charitable and educational causes.

Questions for The Edison Charitable Foundation

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1 program · $65K · in their own filed words · FY2020

01

The organization granted scholarships to thirteen recipients to attend accredited post secondary educational institutions.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3773713) · Dispute this line

$65Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$10K

Total grants receivedfrom 1 funder$10K

Grants paid · 8 grants · $424K · 2020–2024

Unitemized GrantFY2024$91,000

Unitemized GrantFY2024$6,000

Unitemized GrantFY2023$87,500

Unitemized GrantFY2023$6,000

Unitemized GrantFY2022$80,000

Unitemized GrantFY2022$6,000

Unitemized GrantFY2021$82,500

Unitemized GrantFY2020$65,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.9M

Ln 12

Gifts and grantsLn 1h$4.8M

Investment incomeLn 3$120K

Money outPt IX

$104K

Ln 25

Programscol B$65K

Managementcol C$39K

Owns and owesPt X

$16.9M

net assets · Ln 32

Cash and savingsLn 1–2$5.2M

Total assetsLn 16$16.9M

LiabilitiesLn 26$2K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.8M

Investment incomeLn 3$120K

Gains on assetsLn 7−$89K

Total revenueLn 12$4.9M

Assets in detailPt X, end of year

SavingsLn 2$5.2M

Cash and savings togetherLn 1–2$5.2M

InvestmentsLn 11–13$11.7M

Total assetsLn 16$16.9M

LiabilitiesLn 26$2K

Net assetsLn 32$16.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$403K	$5.2M
InvestmentsLn 11–13	$10.1M	$11.7M
Total assetsLn 16	$10.5M	$16.9M
LiabilitiesLn 26	$1K	$2K
Net assetsLn 32	$10.5M	$16.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$65K	$65K
Management feesLn 11a	$7K		$7K
Accounting feesLn 11c	$3K		$3K
Investment management feesLn 11f	$25K		$25K
Other fees for servicesLn 11g	$200		$200
InsuranceLn 23	$882		$882
Other expenses (24a–d)Ln 24	$4K		$4K
Total functional expensesLn 25	$104K	$65K	$39K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Nov 5, 2025	$941K	$218K	$723K	$32.3M	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$1.4M	$250K	$1.1M	$28.0M	990 PDF
FY2022Filed with the IRS Nov 14, 2023	$1.9M	$156K	$1.8M	$23.8M	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$7.0M	$141K	$6.9M	$26.0M	990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021	$4.9M	$104K	$4.8M	$16.9M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $4,904,401 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,508,545$4,784,100

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $286,081$120,301

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,794,626$4,904,401

I-13 Grants and similar amounts paidPrior year $50,000$65,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $34,638$39,118

I-18 Total expensesPrior year $84,638$104,118

I-19 Revenue less expensesPrior year $2,709,988$4,800,283

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $4,904,401 across 5 lines filed

VIII-1f All other contributions, gifts and grants$4,784,100

VIII-1h Total contributions, gifts and grants$4,784,100

VIII-3 Investment incomeExcluded from tax $209,544$209,544

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$89,243−$89,243

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $120,301$4,904,401

Part IX · Statement of functional expenses $104,118 across 7 lines filed

IX-2 Grants to domestic individualsPrograms $65,000$65,000

IX-11a Management feesManagement $6,700$6,700

IX-11c Accounting feesManagement $2,800$2,800

IX-11f Investment management feesManagement $24,751$24,751

IX-11g Other fees for servicesManagement $200$200

IX-23 InsuranceManagement $882$882

IX-24 Other expenses (24a–d)Management $3,785$3,785

IX-25 Total functional expensesPrograms $65,000 · Management $39,118 · Fundraising $0$104,118

Part X · Balance sheet $16,871,562 assets, 10 lines filed

X-2 Savings and temporary cash investmentsStart of year $402,714$5,161,931

X-11 Publicly traded securitiesStart of year $10,072,815$11,709,631

X-16 Total assetsStart of year $10,475,529$16,871,562

X-17 Accounts payable and accrued expensesStart of year $1,240$2,500

X-26 Total liabilitiesStart of year $1,240$2,500

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $10,474,289$16,869,062

X-32 Total net assets or fund balancesStart of year $10,474,289$16,869,062

X-33 Total liabilities and net assetsStart of year $10,475,529$16,871,562

Part XI · Reconciliation of net assets $16,869,062 net assets at year end

XI-1 Total revenue$4,904,401

XI-2 Total expenses$104,118

XI-3 Revenue less expenses$4,800,283

XI-4 Net assets at start of year$10,474,289

XI-5 Net unrealized gains (losses) on investments$1,594,490

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$16,869,062

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Edison Charitable Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Edison Charitable Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV