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· Public charity

The Fund for American Studies

THE FUND FOR AMERICAN STUDIES (tfas) seeks to create a brighter, more prosperous future by preparing young people for leadership and teaching them the ideas of freedom and a free-market economy.

$2.2M
Granted FY2025still arriving
19
Grants FY2025still arriving
15
States reached
$21k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Arts & Culture$264kEducation$89kReligion$26kHuman Services$9k
02FY2025 · 19 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 19 grants below total $200,320, the rows itemized in this filing. The $2,213,966 headline is the total grant expense on the return; the other $2,013,646 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • Under $10k10 grants · $77k
  • $10k–50k9 grants · $123k
$9,427
Median grant
15
States reached
$28M
Total assets
Largest grants
RecipientAmount
THE SUNDIAL$21,152
STANFORD REVIEW$14,895
THE IRISH ROVER$14,733
THE SPECTATOR$14,720
THE JEFFERSON INDEPENDENT$14,123
CLAREMONT INDEPENDENT$11,703
CORNELL UNIVERSITY$10,913
FLORIDA FINIBUS$10,656
SALIENT PUBLICATIONS$10,476
THE TUFTS TRIBUNE$9,427
BUCKLEY INSTITUTE INC$8,783
PENNSYLVANIA POST$8,756
Individual grant recipient$8,317
THE TEXAS HORN$7,994
WAKE REPORT$7,156
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY25–25, $9k) land where the poverty rate runs at 8%, against an area that typically sits at 11%. 0% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 11%THE TUFTS TRIBUNE: $9k → 8%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

NH
MI
NY
MA
IN
PA
NJ
CT
CA
VA
NC
DC
GA
TX
FL

Grants abroad, by region: $493k on the FY2025 return

Schedule F, as filed: 9 regions, all to individuals. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

Europe (including Iceland and Greenland)$169k · 34% · 52 people

Stated purpose: SCHOLARSHIPS

Russia and Neighboring States$88k · 18% · 43 people

Stated purpose: SCHOLARSHIPS

South America$87k · 18% · 42 people

Stated purpose: SCHOLARSHIPS

Central America and the Caribbean$35k · 7% · 19 people

Stated purpose: SCHOLARSHIPS

East Asia and the Pacific$33k · 7% · 39 people

Stated purpose: SCHOLARSHIPS

South Asia$32k · 7% · 36 people

Stated purpose: SCHOLARSHIPS

Middle East and North Africa$27k · 5% · 13 people

Stated purpose: SCHOLARSHIPS

North America (Canada and Mexico)$17k · 3% · 12 people

Stated purpose: SCHOLARSHIPS

Sub-Saharan Africa$6k · 1% · 4 people

Stated purpose: SCHOLARSHIPS

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

51%of every dollar goes to organizations it has funded before.
$197k · 9 repeat orgs$192k to everyone else

Grantees it renews have grown median revenue +10% since the first grant, against -95% for those funded once.

9 repeat relationships: 9 still active in FY2025, 0 since wound down; 10 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

9
4

Total granted

$197k
$92k

Median revenue growth · since first grant

+10%
-95%

Still filing today

33%
25%

New vs renewed · share of each year

In FY2025, 50% of grant dollars renewed an existing relationship; $100k went to new ones.

50%100%’18’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’24’25
EducationArts & CultureYouth DevelopmentReligionHuman ServicesOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • JI
    JEFFERSON INDEPENDENT AT THE UNIVERSITY OF VIRGINIA
    2× · 2024–2025 · $29k
  • IR
    IRISH ROVER INCORPORATED
    2× · 2024–2025 · $28k · revenue +57% · 31% of their budget
  • SR
    STANFORD REVIEW
    2× · 2024–2025 · $26k

Funded once

  • FF
    FOUNDATION FOR TEACHING ECONOMICS
    one grant, 2018 · $65k · revenue -95%
  • IG
    Individual grant recipient
    one grant, 2024 · $10k
  • CL
    CAROLINA LIBERTY FOUNDATION
    one grant, 2024 · $10k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
The Harvard Independent Inc

A student run weekly magazine free to Harvard students.

Arts & Culture
2
The Cavalier Daily Inc

The Cavalier Daily publishes a daily newspaper. Founded in 1890 The Cavalier Daily is an independent student-run newspaper at the University of Virginia in Charlottesville VA. The newspaper serves an audience of students university faculty…

Education
3
Chancellor Masters & Scholars of the University of Oxford

The principal objects of the University are the advancement of learning by teaching and research, and its dissemination by every means. We work as one Oxford bringing together our staff, students and alumni, our colleges, faculties,…

—
4
Institute for Economic Studies- Europe

Educational. The Institute organizes and conducts several conferences and seminars throughout Europe. These events bring together students from all over the world and promote classical liberal principles and traditions.

—
5
Targum Publishing Company

Targum publishing company produces content on various digital platforms which acts as a resource that many rutgers university students can use to gain a unique outside-of-the-classroom learning experience. (see schedule o for details)

Arts & Culture
6
The Dartmouth Inc

Publication of student newspapers circulated to students, staff, and subscribers. "the dartmouth" has an estimated weekly print circulation of 750, and 80,000 monthly online readers.

—
7
The Harvard Crimson Inc

To edit and publish a newspaper of general interest and usefulness to the students of harvard university as well as other publications which may be of general interest to such students, and thereby to give journalistic experience of…

—
8
The Brown Daily Herald

Our mission is to inform, entertain and reflect the brown community by producing content across a variety of platforms

—
9
Badger Herald

Develop and promote the highest quality of investigative and public service journalism.

—
10
Harvard Advocate Trustees Inc

To support the harvard advocate; a publication of harvard university

—
11
Washington Monthly Institute

Dedicated to increasing public knowledge through washington monthly magazine and website www.washingtonmonthly.com published since 1969, the print magazine is the country's most important watchdog of american government, focusing on what's…

Social Science
12
Yale Daily News Publishing Co Inc

The organization is operated for literary and educational purposes.

Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is Georgetown University; the most unlike its peers is Salient Publications. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

9 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 9 of the 23 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

2
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
8/9
Grantees still filing
2/9
Grew since first funded

Where the money sits, by cause and then by grantee

JEFFERSON INDEPENDENT AT THE UNIVERSITY OF VIRGINIA: $28,793 · OtherJEFFERSON INDEPENDENT AT THE UNIVERSITY OF VIRGINIASTANFORD REVIEW: $25,895 · OtherSTANFORD REVIEWTHE SPECTATOR: $25,841 · OtherTHE SPECTATORFRIENDS OF THE CLAREMONT INDEPENDENT: $21,457 · OtherFRIENDS OF THE CLAREMONT INDEPENDENTSUNDIAL PUBLISHING COMPANY: $21,152 · OtherSUNDIAL PUBLISHING COMPANYTHE MICHIGAN REVIEW: $16,627 · OtherTHE MICHIGAN REVIEWFLORIDA FINIBUS INC: $10,656 · OtherIndividual grant recipient: $10,064 · OtherCAROLINA LIBERTY FOUNDATION: $10,064 · OtherTHE PENNSYLVANIA POST: $8,756 · OtherIndividual grant recipient: $8,317 · OtherTHE TEXAS HORN: $7,994 · Other+3 more: $20,710 · Other+3 moreFOUNDATION FOR TEACHING ECONOMICS: $65,000 · Youth DevelopmentFOUNDATION FOR TEA…Salient Publications: $24,032 · Arts & CultureSalient Pu…PRINCETON TORY INC: $12,884 · Arts & CulturePRINCETON …GEORGETOWN UNIVERSITY: $13,212 · EducationGEORGETOW…Cornell University: $10,913 · EducationCornell U…BUCKLEY INSTITUTE INC: $8,783 · EducationBUCKLEY I…IRISH ROVER INCORPORATED: $28,343 · ReligionTUFTS TRIBUNE: $9,427 · Human Services
Other$216,326Youth Development$65,000Arts & Culture$36,916Education$32,908Religion$28,343Human Services$9,427

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetFOUNDATION FOR TEACHING ECONOMICS: $65,000 over 1y, 2.9% of budgetIRISH ROVER INCORPORATED: $28,343 over 2y, 31% of budgetSalient Publications: $24,032 over 2y, 6.5% of budgetGEORGETOWN UNIVERSITY: $13,212 over 2y, 0.0% of budgetCornell University: $10,913 over 1y, 0.0% of budgetTUFTS TRIBUNE: $9,427 over 1y, 52% of budgetBUCKLEY INSTITUTE INC: $8,783 over 1y, 0.3% of budgetHANOVER REVIEW INC: $6,790 over 1y, 11% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds FOUNDATION FOR TEACHING ECONOMICS ↗
  • Who funds IRISH ROVER INCORPORATED ↗
  • Who funds Salient Publications ↗
  • Who funds GEORGETOWN UNIVERSITY ↗
  • Who funds PRINCETON TORY INC ↗
  • Who funds Cornell University ↗
  • Who funds TUFTS TRIBUNE ↗
  • Who funds BUCKLEY INSTITUTE INC ↗
  • Who funds HANOVER REVIEW INC ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.

Fidelity Investments Charitable Gift FundMA2.5× affinity5 shared granteesties to 0 of 0Hover any node to trace its alignments.Compare side by side →

Open a dossier: Fidelity Investments Charitable Gift Fund

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization The Fund for American Studies funds: left to right is the share of its income from government, bottom to top the share from The Fund for American Studies. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%3%10%23%40%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–15%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 23 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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