Rise8 Foundation
- Assets
- $406.1m
- Revenue
- $147.2m
- Investments
- $403.8m
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-6476207
Organization Overview
Rise8 Foundation is located in Hunt Valley, MD. The organization was established in 2009. 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. Rise8 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, Rise8 Foundation generated $147.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.0% 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 2020, Rise8 Foundation has awarded 12 individual grants totaling $13,769,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feroz Dewan Trustee | 2 | $0 | |
Erica Dewan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,523,558 |
| Interest on Savings | $213 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,526,545 |
| Capital Gain Net Income | $55,367,267 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,160,560 |
| Total Revenue | $147,210,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,481 |
| Printing and publications | $0 |
| Other expenses | $6,660 |
| Total operating and administrative expenses | $133,670 |
| Contributions, gifts, grants paid | $1,684,000 |
| Total expenses and disbursements | $1,817,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,735,971 |
| Savings and temporary cash investments | $488,672 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,107 |
| Investments—mortgage loans | $0 |
| Investments—other | $403,802,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $406,059,387 |
| 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 | $900,000 |
| Other liabilities | $0 |
| Total liabilities | $900,000 |
Grants Awarded
Over the last fiscal year, Rise8 Foundation has awarded $1,684,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP NEW YORK INC PURPOSE: GENERAL SUPPORT | $500,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $334,000 |
Mountain View, CA PURPOSE: GENERAL SUPPORT | $250,000 |
New Haven, CT PURPOSE: GENERAL SUPPORT | $200,000 |
ZEARN INC PURPOSE: GENERAL SUPPORT | $100,000 |
QUESTBRIDGE PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |