EIN 52-0743814

Foundation for Advanced Education in the Sciences (FAES)

IRS 501(c) type
501(c)(3)
Num. employees
38
Year formed
1959
Most recent tax filings
2024-05-01
Description
Foundation for Advanced Education in the Sciences (FAES) is a non-profit foundation committed to promoting the productivity and attractiveness of professional life on the NIH campuses.
Total revenues
$45,892,592
2024
Total expenses
$41,598,443
2024
Total assets
$66,888,889
2024
Num. employees
38
2024

Program areas at FAES

Health insurance:administrative services/plan sponsorship for a group health insurance plan which is available to nih trainees who work at or for nih, but are ineligible for federal health insurance. Nih trainees, also referred to as fellows, are the primary market that Faes serves. This program provided health, vision, and dental insurance for over 6,000 individuals during the year, including excellent benefits, affordable annual maximums, and low out-of pocket expenses.
Program support to nih:faes provides funding, food, and administrative support for a variety of programs, activities, and events in support of nih such as community building and symposia, classical and jazz music performances, wednesday afternoon lectures (wals), administration of memorials, and more. Faes also provided low cost housing to 99 nih fellows during the year and assisted the nih in securing professional liability insurance coverage for approximately 4,900 nih fellows.
Academic programs:faes supports educational, cultural, and professional initiatives of the nih and actively seeks out ways to facilitate a collegial environment. Faes offers over 80 graduate-level courses to fill the gap between traditional academic programs and working in a world-class biomedical research environment at nih. Faes had 1,408 course enrollments during the year. Faes also has partnerships from which credits can be transferred into several university of Maryland master's degree programs. Faes offers over 30 training workshops taught by nih scientists and other leading biomedical field experts. Training workshops include 1-5 day sessions. Faes hosted 44 training workshops with a total of 492 attendees during the year.
Retail:the Faes bookstore@nih has been providing medical and science textbook services to nih for over 60 years. Steps away from masur auditorium and the Faes classrooms, the bookstore@nih is ideally located to support the specialized book needs of Faes academic programs and the nih scientific community. Faes giftstore@nih, located in the building 10 atrium, expands the selection of quality nih imprinted clothing and gifts for nih employees, patients, and visitors.

Grants made by FAES

GranteeGrant descriptionAmount
National Symphony Orch Association of Washington DCTo Support Musical Performances at the Nih$10,000
Friends of Patients at the NIHGeneral Support - Fundraising Dinner Sponsorship$5,150

Who funds Foundation for Advanced Education in the Sciences (FAES)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustEducation$2,500,000
International Biomedical Research AllianceContruction of Housing for Scholars$800,000
DAFgiving360Education$520,000
...and 2 more grants received

Financials for FAES

RevenuesFYE 05/2024
Total grants, contributions, etc.$707,000
Program services$43,106,082
Investment income and dividends$1,555,069
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$94,331
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$374,208
Miscellaneous revenues$55,902
Total revenues$45,892,592
Data update history
May 31, 2025
Posted financials
Added Form 990 for fiscal year 2024
June 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 22, 2024
Updated personnel
Identified 1 new personnel
May 20, 2024
Used new vendors
Identified 2 new vendors, including , and
April 11, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
National levelReceives government fundingProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
10 Ctr Dr 1115 Rm 1n241-msc
Bethesda, MD 20892
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
w.faes.org/home-new 
Phone
(301) 594-8985
Facebook page
FAESorg 
Twitter profile
@faesorg 
IRS details
EIN
52-0743814
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1959
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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