EOF Annual Report
Each year, the Employee Ownership Foundation publishes a report of the Foundation's activities.
2025 EOF Annual Report

The Employee Ownership Foundation released its 2025 Annual Report, highlighting a year of extraordinary growth, innovation, and impact across the employee ownership community. The report showcases major advancements in leadership development, including the launch of the inaugural Leading in an Ownership Setting ™ program at the University of Virginia Darden School of Business, along with the expansion of the ESOP Employee Accelerator, which more than doubled participation and welcomed its 500th attendee. The Foundation also deepened its research portfolio, strengthened global partnerships through the Oxford Symposium, broadened its academic influence with new ESOP case studies entering Darden’s MBA curriculum, and celebrated the launch of The Ownership Effect podcast.
The 2025 report also underscores record breaking community engagement. ESOPATHON achieved its highest participation to date and raised more than $543,000 to support education, research, and outreach. Scholarship programs expanded, international collaborations grew, and new policy focused initiatives reinforced the Foundation’s commitment to safeguarding the integrity of ESOPs. Together, these achievements demonstrate a dynamic year of progress and a renewed commitment to advancing broad based employee ownership in the U.S. and around the world.
2024 EOF Annual Report

What you'll find in this year's annual report:
- A Letter from the Chair
- A Letter from the President
- Foundation Board
- 2025 Board of Trustees
- Growth, Renewal, & Opportunity
- EOF Expands, Modernizes Executive Education Through New Partnership
- Thomas Jefferson, Cod Fishing, and Employee Ownership
- Charles R. Edmunson Scholarships
- EOF Trustee Scholars
- ESOP Employee Accelerator
- Engaging with Employee Ownership Thought Leaders
- Supporting Academic Research
- Louis O. Kelso Fellowships
- EOF, TEA Conduct Groundbreaking Market Research on ESOPs
- Oxford Symposium Inspires EO Legislation, Expands Global Reach of Employee Ownership
- Historic Collaboration Agreement with Employee Ownership Canada
- EOF President Jim Bonham Speaks to Congress of Economic Democracy in Slovenia
- ESOPATHON
- Inaugural National Advertising Campaign for Employee Ownership
- Two Exceptional Trustees
- A Celebration of Employee Ownership
- Thank You to Our Foundation Donors
- 2024 Financials
2023 Annual Report

What You'll find in this year's Annual Report:
- 2023 Year in Review: Investing in Our Future
- EOF Launches ESOP Employee Accelerator Program
- Passing the Gavel
- Oxford Symposium on Employee Ownership
- ESOPATHON
- Charles R. Edmunson Scholarships
- Supporting Academic Research
- EOF Trustee Scholars
- Leading in an Ownership Setting
- ESOPs and Retiree Wealth
- Two Exceptional Trustees
- Helping to Realize the New American Dream
- Making A Difference By Growing Employee Ownership
- A Celebration of Employee Ownership
- Thank You to Our Foundation Donors
- 2023 Financials
2022 Annual Report

What You'll find in this year's Annual Report:
- 2022 Year In Review
- The Oxford Symposium on Employee Ownership
- Business Succession and Employee Ownership
- ESOPATHON
- 2022 Charles R. Edmunson Scholarship Recipients
- Rutgers: ESOP Executive Series
- Leadership in an Ownership Setting: The Program for CEOs
- Louis O. Kelso Fellowships for 2022 - 2023
- Trustee Highlights
- EOF Annual Reception
- Foundation Donors
- Financials
2021 Annual Report

What You'll find in this year's Annual Report:
- 2021 Year In Review
- Business Succession and Employee Ownership
- ESOPATHON 2021
- 2021 Charles R. Edmunson Scholarship Recipients
- A New Chapter for The EOF and Academic Partners
- Louis O. Kelso Fellows
- Leading In An Ownership Setting -Program For CEOs
- Pepperdine: Cost of Capital Study
- National ESOP Employee Survey
- Rutgers University Retirement Plan Comparison Study
- EOF 30th Anniversary Reception
- Trustee Highlights
- Foundation Donors
- Financial Report
2020 Annual Report

What you'll find in this year's annual report:
- Foundation Leadership
- Introduction
- EOF Programs
- ESOP Education
- January Rutgers Symposium
- Edmunson Scholarship Reciepients
- COVID-19 Research
- Trustee Highlights
- Foundation Donors
- Financial Report
- Upcoming Events