Synchrony Foundation

Organization Overview

Synchrony Foundation is located in Stamford, CT. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synchrony Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Synchrony Foundation generated $12.6m in total revenue. All expenses for the organization totaled $18.3m during the year ending 12/2021. While expenses have increased by 33.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Synchrony Foundation has awarded 11,060 individual grants totaling $61,673,219. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $10,000,000
Interest on Savings $0
Dividends & Interest $1,050,064
Net Rental Income$0
Net Gain on Sale of Assets $1,587,229
Capital Gain Net Income $1,587,229
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $12,637,293

Grants Awarded

Over the last fiscal year, Synchrony Foundation has awarded $17,976,068 in support to 2,465 organizations.

Grant RecipientAmount

EMERGENCY ASSISTANCE FOUNDATION

Org PageRecipient Profile

West Palm Beach, FL

PURPOSE: FUNDS ARE USED FOR SYNCHRONY EMPLOYEE ASSISTANCE FUND.

$2,228,157

LOCAL INITIATIVES SUPPORT CORP

Org PageRecipient Profile

New York, NY

PURPOSE: LISC WILL DEPLOY GRANTS OF UP TO $10,000 TO SMALL BUSINESSES IN HISTORICALLY DISINVESTED COMMUNITIES IN 10 TARGET MARKETS. IN THESE GEOGRAPHIES, FUNDING WILL ALSO SUPPORT BUSINESS DEVELOPMENT ORGANIZATIONS, TRUSTED NONPROFIT PARTNERS THAT PROVIDE PLACE-BASED ASSISTANCE TO SMALL BUSINESSES AND HELP ADVANCE LONG-TERM RECOVERY STRATEGIES. THIS PARTNERSHIP WILL SUPPORT SMALL BUSINESSES AND PROMOTE EQUITABLE ECONOMIC RECOVERY IN THE COMMUNITIES HARDEST HIT BY THE COVID-19 PANDEMIC.

$1,000,000

ADVERTISING COUNCIL

Org PageRecipient Profile

New York, NY

PURPOSE: FUNDS WERE USED FOR COVID 19 EDUCATIONAL ADVERTISEMENTS.

$1,000,000

UNITED WAY WORLDWIDE

Org PageRecipient Profile

Alexandria, VA

PURPOSE: COVID RELIEF FUNDS, FUNDS WILL GO TO SUPPORT THE UNITED WAY'S 211 PROGRAM, AND FUNDS USED FOR GENERAL OPERATING.

$883,619

Chicago, IL

PURPOSE: FUNDING SUPPORTS RESPOND TO INCREASED NEED FOR FOOD DUE TO COVID-19 PANDEMIC.

$512,000

MEALS ON WHEELS

PURPOSE: MEALS ON WHEELS WILL ALLOCATE THIS GIFT TO SUPPORT NATIONAL DISASTER RELIEF, INCLUDING EFFORTS TO SUPPORT COMMUNITIES AFFECTED BY THE COVID-19/CORONAVIRUS PANDEMIC. ON THE RARE OCCASIONS WHERE DONATIONS EXCEED MEALS ON WHEELS' EXPENSES FOR A SPECIFIC DISASTER, CONTRIBUTIONS WILL BE USED FOR NETWORK SUPPORT WHERE THE NEED IS MOST PRESSING.

$500,000
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