Sooch Foundation

Organization Overview

Sooch Foundation is located in Austin, TX. The organization was established in 2004. 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. Sooch 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, Sooch Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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 2014, Sooch Foundation has awarded 128 individual grants totaling $4,310,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOOCH FOUNDATION EMPLOYEE, CAROLINE NEWMAN, WAS THE GIVING PROFILE CHAIR FOR CENTRAL TEXAS EDUCATION FUNDERS (CTEF). THIS IS A COLLABORATIVE OF APPROXIMATELY 60 FUNDERS AND APPROXIMATELY 100 PEOPLE REPRESENTING FUNDERS WHO SUPPORT EDUCATION IN THE LOCAL AREA. CAROLINE SPENDS APPROXIMATELY THREE PERCENT OF HER TIME GATHERING AND ANALYZING DATA AND CREATING THE GIVING PROFILE FOR THE BENEFIT OF THIS GROUP.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $378,607
Net Rental Income$0
Net Gain on Sale of Assets $3,629,914
Capital Gain Net Income $3,629,914
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $49,092
Total Revenue $4,057,613

Grants Awarded

Over the last fiscal year, Sooch Foundation has awarded $835,000 in support to 23 organizations.

Grant RecipientAmount

SKILLPOINT ALLIANCE

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$70,000

AMERICAN YOUTHWORKS

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$50,000

ASSISTANCE LEAGUE OF AUSTIN TEXAS INC

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$50,000

Pflugerville, TX

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$50,000

CARITAS OF AUSTIN

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$50,000

FOUNDATION COMMUNITIES INC

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE

$50,000
View Grant Profile

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