Pennsylvania · Nonprofit
FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT
FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT (Pennsylvania) receives grants from 2 organizations whose IRS filings report $27,000 to it, the largest being LITZENBERGER FAMILY FOUNDATION ($15,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $41k
- Funders on record
- 2
- Grants received
- $27k
- Net assets
- $658k
What Foundation for Advancement of Research in Financial Economics-C/O Dr C Spatt does
Program
These activities will enable the organization to carry out its mission - the award of the stephen a ross prize in financial economics, which is a biennial award of $50,000 to honor a published paper in financial economics.
The first program described on its most recent Form 990-PF.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $352k to $731k (+108%).
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2021 → 2023: the base narrowed from 2 funders to 1 funder, grant income rose $7k → $10k.
From the IRS filings of FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT leans on a few funders — its largest provides 56% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2021 71% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
56% of FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT's grant income comes from Pennsylvania funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT holds deeper cash reserves than three-quarters of the 21,859 education nonprofits its size.
this organization peer median middle 50% of peers· 21,859 education nonprofits under $100k, FY2024
Organizations like FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Screen this organization
A dated, signed PDF of the compliance screen for FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT?
- FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT (Pennsylvania) receives grants from 2 organizations whose IRS filings report $27,000 to it, the largest being LITZENBERGER FAMILY FOUNDATION ($15,000). 2 of them have funded it in more than one year.
- How many funders does FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT have?
- IRS filings report 2 organizations giving $27,000 in grants to FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT, 2 of which have funded it in more than one year.
- Who is the largest funder of FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT?
- LITZENBERGER FAMILY FOUNDATION is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
- How can an organization like FOUNDATION FOR ADVANCEMENT OF RESEARCH IN FINANCIAL ECONOMICS-C/O DR C SPATT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing