Public Charity

THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN

Based in CHICAGO, IL, THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN operates as a Public Charity. The organization reported $2.0M in revenue, $1.3M in expenses, $43.6M in total assets for fiscal year 2025. Imperigo tracks 7 reported grants from this foundation totaling approximately $4.3M.

EIN: 366083633 CHICAGO, IL Public Foundations NTEE: T30 Latest filing: 2025
Total Revenue$2.0M
Total Expenses$1.3M
Total Assets$43.6M
Grants Given7
Grant Total$4.3M
Filing Years2021–2025

Mission

THE FOUNDATION SUPPORTS THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL AND THE HYDE PARK DAY SCHOOLS AND MANAGES THE INVESTMENTS IT OWNS FOR THIS USE. ADDITIONALLY, IT IS THE OWNER OF FEDC HOLDINGS LLC, A DISREGARDED ENTITY, WHICH HOLDS REAL ESTATE ASSETS OF THE ORGANIZATION.

Where $100 goes at The Foundation for the Educational Development of Children

How The Foundation for the Educational Development of Children divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$92 Programs the work itself
$8 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $92 for programs

$52
The foundation owns fedc holdings, a disregarded entity, which owns the real estate holdings for the schools
57% of program spending
$40
The foundation sets the investment policy and manages the investments of the endowment
43% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CFO & EXECUTIVE DIRECTOR Abby Simon
VICE CHAIR Adam Steinback
SECRETARY Janet Goelz Hoffman
DIRECTOR Lenny Asaro
TREASURER Matt Speisser
CHAIR Scott Mcdonald

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,275,780 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.0M $1.3M $43.6M
2024 $2.3M $1.0M $42.9M
2023 $2.0M $1.6M $41.7M
2022 $-1.2M $2.2M $41.3M
2021 $950K $1.3M $44.8M

Between 2021 and 2025, reported annual revenue grew from $950K to $2.0M (+116%), with total assets most recently reported at $43.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IL.

IL

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN

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