Chris And Carrie Shumway Foundation
- Assets
- $8.4m
- Revenue
- $7.7m
- Investments
- $2.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 06-6556405
Organization Overview
Chris And Carrie Shumway Foundation is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Chris And Carrie Shumway 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 12/2022, Chris And Carrie Shumway Foundation generated $7.7m in total revenue. All expenses for the organization totaled $9.3m during the year ending 12/2022. While expenses have increased by 40.9% per year over the past 5 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 2017, Chris And Carrie Shumway Foundation has awarded 43 individual grants totaling $30,758,299. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Shumway Trustee | 1 | $0 | |
Carrie Shumway Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,403,727 |
| Interest on Savings | $0 |
| Dividends & Interest | $224,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,091,499 |
| Capital Gain Net Income | $2,091,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $7,719,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,489 |
| Total operating and administrative expenses | $50,517 |
| Contributions, gifts, grants paid | $9,232,500 |
| Total expenses and disbursements | $9,283,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,471 |
| Savings and temporary cash investments | $6,062,457 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $2,500 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,211,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,383,724 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Chris And Carrie Shumway Foundation has awarded $9,232,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL UNRESTRICTED | $57,500 |
UNIVERSITY OF VIRGINIA PURPOSE: GENERAL UNRESTRICTED | $4,200,000 |
HARVARD UNIVERSITY PURPOSE: GENERAL UNRESTRICTED | $4,000,000 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $10,000 |
SAINT ANDREW'S SCHOOL PURPOSE: GENERAL UNRESTRICTED | $435,000 |
UNIVERSITY OF ARIZONA FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $250,000 |