EIN 23-7310664

IEEE Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1973
Most recent tax filings
2023-12-01
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
$10,028,105
2023
Total expenses
$6,886,885
2023
Total assets
$76,534,979
2023
Num. employees
0
2023

Program areas at IEEE Foundation

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 are emphasized.
Illuminate: illuminating 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, and Ieee move global.
Educate: educating the next generation of innovators and engineers by nourishing students through academic opportunities such as scholarships, fellowships, travel grants, mentoring, and introducing pre-university students to stem and the history of technology through delivery of classroom curriculum, hands-on experiences, and interactive workshops. Programs include the Ieee pes scholarship plus initiative, Ieee reach, tryengineering, and science kits for public libraries.
Engage: engaging 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 as well as the life members fund, which supports new and exciting opportunities for young engineers and to keep life members active.

Grants made by IEEE Foundation

GranteeGrant descriptionAmount
Institute of Electrical and Electronics Engineers (IEEE)Educational Grant$3,496,739
Iowa State Univeristy of Science and TechnologyEducational Grant$10,500
Association for Computing MachineryEducational Grant$10,435
...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
Hoveida Family FoundationHelp Build the Next Generation of Power and Energy Engineers By Providing Financial Support and Career Opportunities To Ieee Students$250,000
Samueli FoundationEducation$200,000
...and 26 more grants received totalling $1,561,626

Personnel at IEEE Foundation

NameTitleCompensation
John D. McDonaldVice President , Development$0
Jerry L. HudginsVice President , Programs$0
Marko DelimarSecretary$0
Thomas R SiegertAssistant Treasurer$0
Karen A GaluchieAssistant Secretary and Executive Director / Executive Director and Assistant Secretary / Assistant Secretary and Ex Director$0

Financials for IEEE Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,016,043
Program services$0
Investment income and dividends$2,009,013
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,049
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,028,105

Form 990s for IEEE Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-10990View PDF
2021-122022-11-14990View PDF
2021-122022-11-07990View PDF
2020-122021-11-08990View PDF
...and 11 more Form 990s
Data update history
January 16, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 14, 2025
Received grants
Identified 6 new grant, including a grant for $250,000 from Hoveida Family Foundation
November 24, 2024
Received grants
Identified 4 new grant, including a grant for $35,000 from The Chicago Community Trust
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
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
FTB status revoked
Not revoked
AG Registration Number
033525
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-05
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