Horatio Alger Assn Of

Alexandria, VA · Founded 1952

Educational organization providing scholarships and mentoring for deserving youth

Primary audience
Youth Students
Work area
Education
Topic
Scholarship Programs
Contact
Terrence J Giroux
Website Contact

About Organization

Dedicated to the belief that hard work, honesty, and determination can conquer all obstacles, this association honors contemporary role models and provides scholarship assistance to deserving young people. Based in Alexandria, VA, the organization demonstrates integrity and determination in overcoming adversity, with annual revenue of $30.4 million supporting thousands of scholarships and mentoring programs nationwide.

What They Focus On

Scholarship Assistance

Providing financial support and services to deserving students who have overcome adversity and demonstrate academic potential.

Role Model Recognition

Honoring lifetime members whose experiences exemplify that success is achievable through integrity and hard work.

Youth Education

Teaching young people about opportunities through free enterprise while emphasizing compassion for others.

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$30.4M

+0% vs 2024

Assets (2024)

$39.7M

+0% vs 2024

Year Revenue Expenses Assets Employees
2024 — — — —
2024 $30,407,277 $34,027,086 $39,708,136 19
2023 — — — —
2023 $31,058,997 $29,715,341 $40,756,109 14
2022 — — — —
2022 $22,420,571 $27,233,966 $40,436,478 14
2020 $27,092,429 $21,519,354 $58,355,936 9
2019 $29,843,129 $31,576,746 $55,150,866 10
2018 $34,599,955 $27,988,760 $57,232,159 14

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Honor Role Models

    Inducting lifetime members whose success stories exemplify integrity, hard work, perseverance and compassion.

  • 02

    Provide Scholarships

    Awarding financial assistance to youth overcoming adversity who demonstrate academic potential and personal aspiration.

  • 03

    Mentor Recipients

    Supporting scholarship recipients through mentorship and services that help them achieve educational goals.

  • 04

    Inspire Youth

    Educating young people about limitless possibilities while underscoring the importance of helping others.

Programs and Initiatives

Services and programs offered by Horatio Alger Assn Of

Scholarship Program

Providing financial assistance and support services to students demonstrating integrity, determination, and academic potential.

Member Induction

Honoring lifetime members as contemporary role models whose experiences exemplify success through hard work and perseverance.

Youth Mentorship

Mentoring scholarship recipients while educating all youth about opportunities available through the American free enterprise system.

Educational Grants

Distributing educational grants and program assistance to support student success and development.

Team & Leadership

Meet the people behind Horatio Alger Assn Of.

TJ

Terrence J Giroux

Executive Director
29 hrs/week
Compensation: $834,795
LA

Lesley Albanese Beg 042024

Chief Executive Officer
29 hrs/week
Compensation: $438,461
CG

Constantine G Katsaraskis

Chief Operating Officer
32 hrs/week
Compensation: $357,955
JB

John B Thornburg

Chief Financial Officer
27 hrs/week
Compensation: $259,791
KR

Kristen R Law

Director, Educational And
Full-time
Compensation: $239,572
WA

W Aaron House

Assistant Director Of Scho
Full-time
Compensation: $151,823
BM

Barbara M Barrett

Vice President
1 hrs/week
GE

Gregory E Abel

President
1 hrs/week
JM

James M Seneff Jr

Haef President
1 hrs/week
VP

V Prem Watsa

Haac President
1 hrs/week
LA

Lesley Albanese

Chief Executive Officer
DJ

Debra J Stancil

Manager Of Nominations
Full-time
Compensation: $131,476
BD

Byron D Trott

Chairman Emeritus
1 hrs/week
CS

Chris Sullivan

At-Large Member
1 hrs/week
DL

David L Sokol

Chairman Emeritus
1 hrs/week
DR

Dennis R Washington

Chairman Emeritus
1 hrs/week
GL

George L Argyros Sr

Chairman Emeritus
1 hrs/week
GB

Glenn B Stearns

At-Large Member
1 hrs/week
JF

James F Dicke II

Chairman
1 hrs/week
JN

Joseph Neubauer

Chairman Emeritus
1 hrs/week
LD

Linda D Rabbitt

At-Large Member
1 hrs/week
MK

Matthew K Rose

Immediate Past Chairman
1 hrs/week
MJ

Mike Jackson

At-Large Member
1 hrs/week
NR

Nido R Qubein

At-Large Member
1 hrs/week
WM

Wanda M Austin

At-Large Member
1 hrs/week

Milestones

1952

Association Founded

1952

Horatio Alger Association established to honor role models and support youth through scholarships.

2018

Peak Operations

2018

Organization reached 35 million in annual revenue with 14 employees supporting scholarship programs.

2022

Program Expansion

2022

Operations grew to 22 million with focused grant distribution and educational assistance.

2024

Current Operations

2024

Managing 30 million annually with 19 employees and 40 million in assets supporting deserving youth.

Associated People

Board members, advisors, and key contributors

Board of Directors

AB
Alan B Miller Honorary Board Member 1.00 hrs/week
AR
Alphonso R Jackson Board Member 1.00 hrs/week
AW
Anthony Welters Board Member 1.00 hrs/week
AJ
Arthur J Falcone Board Member 1.00 hrs/week
BM
Brian Mulroney Board Member 1.00 hrs/week
CH
Carl H Ricker Jr Board Member 1.00 hrs/week
CC
Charles C Anderson Sr Board Member 1.00 hrs/week
CO
Clarence Otis Jr Board Member 1.00 hrs/week
CT
Clarence Thomas Honorary Board Member 1.00 hrs/week
CH
Craig Hall Board Member 1.00 hrs/week
CO
Craig O McCaw Board Member 1.00 hrs/week
DA
David A Thompson Board Member 1.00 hrs/week
DH
David Hoffmann Board Member 1.00 hrs/week
DL
David L Steward Board Member 1.00 hrs/week
DR
Don R Daseke Board Member 1.00 hrs/week
DT
Donald T Boysie Bollinger Board Member 1.00 hrs/week
EA
Edmund A Hajim Board Member 1.00 hrs/week
ES
Ernest S Rady Board Member 1.00 hrs/week
FD
Fredrick D Schaufeld Board Member 1.00 hrs/week
GB
G Brint Ryan Board Member 1.00 hrs/week
GA
George A Weiss Board Member 1.00 hrs/week
GE
Gilbert Edward Levasseur Jr Board Member 1.00 hrs/week
GP
Greg P Renker Board Member 1.00 hrs/week
HH
Harold Hamm Board Member 1.00 hrs/week
HS
Harry S Patten Board Member 1.00 hrs/week
HM
Howard M Meyers Board Member 1.00 hrs/week
JM
Jack M Gill Board Member 1.00 hrs/week
JB
James B Freedman Board Member 1.00 hrs/week
JW
James W Ayers Board Member 1.00 hrs/week
JA
Jeffrey A Rich Board Member 1.00 hrs/week
JC
John C Maxwell Board Member 1.00 hrs/week
JH
John H Weiland Treasurer 1.00 hrs/week
JZ
Jordan Zimmerman Board Member 1.00 hrs/week
JM
Joseph M Grant Board Member 1.00 hrs/week
KT
Keith T Koenig Board Member 1.00 hrs/week
LE
Lee E Mikles Board Member 1.00 hrs/week
LR
Lee R Anderson Sr Board Member 1.00 hrs/week
LG
Leon G Cooperman Board Member 1.00 hrs/week
LD
Lou Dobbs Honorary Board Member 1.00 hrs/week
MG
Marcia G Taylor Board Member 1.00 hrs/week
ME
Mark E Davis Board Member 1.00 hrs/week
MN
Melvyn N Klein Board Member 1.00 hrs/week
PP
Patrick P Lee Board Member 1.00 hrs/week
PW
Peter Wstott Board Member 1.00 hrs/week
RJ
R James Nicholson Board Member 1.00 hrs/week
RJ
Richard J Stephenson Board Member 1.00 hrs/week
RL
Rita Lcase Board Member 1.00 hrs/week
RG
Robert G Miller Board Member 1.00 hrs/week
RJ
Robert J Brown Board Member 1.00 hrs/week
RJ
Robert J Schlegel Board Member 1.00 hrs/week
RL
Robert L Wright Jr Board Member 1.00 hrs/week
RS
Roger S Penske Board Member 1.00 hrs/week
RG
Ronald G Harrington Board Member 1.00 hrs/week
RJ
Ronald J Kruszewski Board Member 1.00 hrs/week
RM
Ronald M Bergeron Sr Board Member 1.00 hrs/week
RM
Ronald M Simon Board Member 1.00 hrs/week
SF
Sam Fox Honorary Board Member 1.00 hrs/week
SD
Sidney D Wolk Board Member 1.00 hrs/week
SK
Stanley Kroenke Board Member 1.00 hrs/week
SC
Stephen C Schott Honorary Board Member 1.00 hrs/week
TD
T Denny Sanford Board Member 1.00 hrs/week
TM
Terry M Giles Board Member 1.00 hrs/week
TJ
Thomas Joseph Shannon Jr Board Member 1.00 hrs/week
VM
Valerie Montgomery Rice Board Member 1.00 hrs/week
WF
William F Farley Board Member 1.00 hrs/week
WJ
William J Dore Board Member 1.00 hrs/week
Byron D. Trott
Byron D. Trott (2011)
V. Prem Watsa
V. Prem Watsa (2012)
Nido R. Qubein
Nido R. Qubein (2006)
Lesley Albanese
Lesley Albanese Chief Executive Officer

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$4.3M

Highest Paid

$2.3M

Terrence J Giroux

Compensated Officers

7

Name Title Base Other Total Hrs/Wk
Terrence J Giroux Executive Director $834,795 $1,429,382 $2,264,177 28.5
Constantine G Katsaraskis Chief Operating Officer $357,955 $264,943 $622,898 31.5
Lesley Albanese Beg 042024 Chief Executive Officer $438,461 $13,809 $452,270 28.5
John B Thornburg Chief Financial Officer $259,791 $49,658 $309,449 26.5
Kristen R Law Director, Educational And $239,572 $47,014 $286,586 37.5
W Aaron House Assistant Director Of Scho $151,823 $31,887 $183,710 37.5
Debra J Stancil Manager Of Nominations $131,476 $35,392 $166,868 36.5

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Partners & Funders

Grant funding relationships from IRS Form 990 filings

$1.1M Grants Received
$111K Grants Given
15 Organizations

Top Funders

13 total
CF
Community Fdn Of Greater Des Moines 2 grants
$339K
JC
Jewish Community Foundation Of Los Angeles
$250K
CF
Communities Foundation Of Texas Inc.
$124K
KS
Kroenke Sports Charities Inc.
$100K
CF
Community Foundation Of Greater
$92K
FI
Fidelity Investments Charitable Gift Fund
$40K
NC
Natl Christian Charitable Fdn Inc.
$40K
TB
The Beall Family Foundation
$30K
TG
The Greater New Orleans Foundation
$20K
AE
American Endowment Foundation
$18K
+3 more funders

Top Grantees

2 total
HH
Herbie Hancock Institute Of Jazz WASHINGTON, DC
$100K
RM
Randolph Macon Academy FRONT ROYAL, VA
$11K
Community Fdn Of Greater Des Moines Jewish Community Foundation Of Los Angeles Communities Foundation Of Texas Inc. Kroenke Sports Charities Inc. Community Foundation Of Greater Fidelity Investments Charitable Gift Fund Natl Christian Charitable Fdn Inc. The Beall Family Foundation The Greater New Orleans Foundation American Endowment Foundation American Online Giving Foundation Inc. United Way Miami Inc. Gs Donor Advised Philanthropy Fund Herbie Hancock Institute Of Jazz Randolph Macon Academy
Community Fdn Of Greater Des Moines Jewish Community Foundation Of Los Angeles Communities Foundation Of Texas Inc. Kroenke Sports Charities Inc. Community Foundation Of Greater Fidelity Investments Charitable Gift Fund Natl Christian Charitable Fdn Inc. The Beall Family Foundation The Greater New Orleans Foundation American Endowment Foundation American Online Giving Foundation Inc. United Way Miami Inc. Gs Donor Advised Philanthropy Fund Herbie Hancock Institute Of Jazz Randolph Macon Academy

Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.

Related Organizations

3 affiliated entities reported on IRS Form 990 Schedule R

3

Tax-Exempt Affiliates

3
Horatio Alger Endowment Fund
Alexandria, VA
Holds And Manages Endowment Funds
501(c) 501(C)(3)
The Horatio Alger Association Of Canada
Toronto, ONTARIO
Scholarship Assistance
501(c)
Friends Of Haac Inc
Alexandria, VA
Charitable
501(c) 501(C)(3)

Source: IRS Form 990, Schedule R (Related Organizations and Unrelated Partnerships)

Contact

Get in touch with Horatio Alger Assn Of

Email

[email protected]

Phone

(703) 684-9444

Social

Visit Website
99 Canal Center Plaza 320 Alexandria, VA 22314