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US nonprofit · EIN 566094839 · Chapel Hill, NCiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 566094839) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R), grants paid (Schedule I).Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code SOUNK), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Education Foundation Scholarship Endowment Trust

Donations deductible
Revenue
$19.7m
year to 30 June 2025
Expenses
$16.8m
year to 30 June 2025
Total assets
$448.7m
$0 liabilities
Net assets
$448.7m
assets less liabilities
Directors and trustees
5
6.6 years on average
Staff
0
200 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
6
named in Part VII
How am I connected?

Education Foundation Scholarship Endowment Trust's network

5 people3 organisationsi5 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Dwight StoneInvestment Committee Membe2019
7 yrs
Frank BrennerInvestment Committee Membe2020
6 yrs
Ken WilliamsInvestment Committee Membe2018
8 yrs
Lowry CaudillInvestment Committee Membe2021
5 yrs
Tom ChewningInvestment Committee Membe2021
5 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Dawn McPhersonDirector Campaign Operationssince 2018
Diane AldridgeCFO & General Counselsince 2018
Emily CobleSenior Director of Financesince 2022
John MontgomeryExecutive Directorsince 2018
Ken MackSenior Asssociate Executive Director for Operationsince 2022
Matt TerrellChief Strategy & Communications Officersince 2018

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Tom ChewningInvestment Committee Member0$0
Lowry CaudillInvestment Committee Member0$0
Dwight StoneInvestment Committee Member0$0
Frank BrennerInvestment Committee Member0$0
Vaughn MooreInvestment Committee Member0$0
John MontgomeryExecutive Director0$0$554k$37k
Diane AldridgeCFO & General Counsel0$0$268k$31k
Emily CobleSenior Director of Finance0$0$120k$21k
Ken MackSenior Associate Executive0$0$273k$36k
Matt TerrellChief Strategy & Communications0$0$213k$31k

About

Legal name
Education Foundation Scholarship Endowment Trust
EIN
566094839
Address
450 Skipper Bowles Dr, Chapel Hill, NC, 27514-3433
State
North Carolina
Mission
(as filed on the Form 990)
Activity (NTEE)
B820 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
9 (IRS master file code)
Formed
1968
Principal officer
John Montgomery (as named on the Form 990)
IRS ruling date
1 December 1968
Status
Code 01 (unconditional exemption)
Form 990 filings on record
6, latest 2023
IRS Publication 78
SOUNK (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedBENEFIT UNCThe Educational Foundation Inc

Longest observed on the filings

≥8years on the filingsKen Williams
≥7years on the filingsDwight Stone
≥6years on the filingsFrank Brenner
≥5years on the filingsLowry Caudill

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$448.7m
Total liabilities
$0
Net assets or fund balances
$448.7m
Contributions and grants received
$2.2m
Program service revenue
$0
Grants and similar paid out
$16.6m
Employees
0
Volunteers
200

Grants paid

1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
The Educational Foundation IncScholarships$16.6m