Chess Foundation

Organization Overview

Chess Foundation is located in Purchase, NY. The organization was established in 2013. 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. Chess 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, Chess Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.8% each year . All expenses for the organization totaled $358.2k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 4 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 2019, Chess Foundation has awarded 82 individual grants totaling $1,547,840. 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)Compensation
Scott Wallach
Trustee
$0
Caroline Wallach
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $264,010
Interest on Savings $1,158
Dividends & Interest $48,913
Net Rental Income$0
Net Gain on Sale of Assets $1,725,307
Capital Gain Net Income $1,725,307
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,039,388

Grants Awarded

Over the last fiscal year, Chess Foundation has awarded $245,800 in support to 20 organizations.

Grant RecipientAmount

PAN MASSACHUSETTS CHALLENGE

Org PageRecipient Profile

Needham, MA

PURPOSE: GENERAL PURPOSE

$40,000

SANDY HOOK PROMISE FOUNDATION

Org PageRecipient Profile

Newtown, CT

PURPOSE: GENERAL PURPOSE

$25,000

FEEDING WESTCHESTER

Org PageRecipient Profile

Elmsford, NY

PURPOSE: GENERAL PURPOSE

$25,000

EVERYTOWN FOR GUN SAFETY

PURPOSE: GENERAL PURPOSE

$25,000

HABITAT FOR HUMANITY

PURPOSE: GENERAL PURPOSE

$25,000

MEMORIAL SLOAN KETTERING CANCER CENTER

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL PURPOSE

$25,000
View Grant Profile

Peer Organizations

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