EIN 23-7310664

IEEE Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1973
Most recent tax filings
2022-12-01
Description
The IEEE Foundation proviides philanthropic services in support of the IEEE core purpose to foster technological innovation and excellence for the benefit of humanity. Bringing the exhilaration of scientific discovery to students, fostering technological innovation, preserving history, working to benefit humanity, promoting awareness of the long-reaching effects of engineering - these are some of the important functions of the IEEE (Institute of Electrical and Electronics Engineers, Inc.) that are supported by the work of the IEEE Foundation.
Related structure
IEEE Foundation is a subordinate organization under Institute of Electrical and Electronics Engineers (IEEE).
Total revenues
$9,548,823
2022
Total expenses
$5,689,175
2022
Total assets
$68,593,185
2022
Num. employees
0
2022

Program areas at IEEE Foundation

ENERGIZE: innovation by celebrating technological and academic excellence. The IEEE Awards program does this through the presentation of recognitions (medals, awards, and service recognitions) to hundreds of individuals for life-transforming work. IEEE-Eta Kappa Nu, the honor society of IEEE, promotes excellence in the profession and in education through an emphasis on scholarship, character, and attitude
ILLUMINATE: the possibilities of technology by using it to address global challenges through 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, IEEE-USA MOVE, and IEEE SIGHT (Special Interest Group on Humanitarian Technology).
EDUCATE: Educating the next generation of innovators and engineers by nourishing students through academic opportunities such as scholarships, fellowships, travel grants, and mentoring, and introducing pre-university students to STEM and the history of technology through delivery of classroom curriculum, hands-on experiences, library science kits, and interactive workshops. Programs include the IEEE PES Scholarship Plus Initiative, IEEE REACH (Raising Engineering Awards through the Conduit of History), and TryEngineering.
ENGAGE: Introduce and involve a wider audience in appreciating the value and importance of engineering and technology through work of the IEEE History Center to record, archive, and educate the public about the nature of technology and its relationship, both past and present, to society. The Life Members Fund supports new and exciting opportunities for young engineers with engineering education and workforce development, applying technology for humanitarian causes and preserving the history of technology.

Grants made by IEEE Foundation

GranteeGrant descriptionAmount
Institute of Electrical and Electronics Engineers (IEEE)Educational Grant$2,707,472
Massachusetts Institute of Technology (MIT)Educational Grant$20,000
University of PittsburghEducational Grant$16,000
...and 6 more grants made

Who funds IEEE Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$560,010
The Samueli FoundationEducation$200,000
United Engineering FoundationConnecting the Dots: Engineering Societies Redefining Engineering Disciplines for Industry$176,827
...and 25 more grants received totalling $1,572,810

Personnel at IEEE Foundation

NameTitleCompensation
John D. McDonaldVice President , Development$0
Jerry L. HudginsVice President , Programs$0
Thomas R SiegertAssistant Treasurer$0
Sarah A. RajalaBoard Member$0
Ralph FordPresident$0
...and 13 more key personnel

Financials for IEEE Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$8,180,880
Program services$0
Investment income and dividends$1,368,786
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-843
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,548,823

Form 990s for IEEE Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-14990View PDF
2021-122022-11-07990View PDF
2020-122021-11-08990View PDF
2019-122021-02-22990View PDF
...and 10 more Form 990s
Data update history
September 25, 2024
Updated personnel
Identified 6 new personnel
August 2, 2024
Received grants
Identified 5 new grant, including a grant for $25,000 from Ergon Foundation
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $140,000 from Keysight Technologies Foundation
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
Provides grantsOperates internationallyNational levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
445 Hoes LN
Piscataway, NJ 08854
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Middlesex County, NJ
Website URL
ieeefoundation.org/ 
Phone
(732) 465-5871
Facebook page
IEEEFoundation 
Twitter profile
@ieeefoundation 
IRS details
EIN
23-7310664
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
033525
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-20
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