Sunshine Charitable Foundation
- Assets
- $0.0
- Revenue
- $25.2m
- Investments
- $126.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2016
- Data as of
- 06/2020
- EIN
- 47-4535502
Organization Overview
Sunshine Charitable Foundation is located in Boston, MA. The organization was established in 2016. 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. Sunshine Charitable 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 06/2020, Sunshine Charitable Foundation generated $25.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Acuna-Sunshine Trustee | 10 | $0 | |
Gabriel B Sunshine Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co | 6/29/21 | $79,434 |
The Blackstone Group | 6/29/21 | $150,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,490,181 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,837,541 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,117 |
| Total Revenue | $25,242,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $1,292 |
| Occupancy | $19,580 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $198,913 |
| Contributions, gifts, grants paid | $4,441,544 |
| Total expenses and disbursements | $4,640,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,048,768 |
| Other assets | $30,462 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sunshine Charitable Foundation has awarded $6,033,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO FUND RESEARCH AND CLINICAL WORK IN THE DEPT OF NEUROLOGY RELATED TO MOVEMENT DISORDERS. | $5,700,000 |
THE RESOLUTION PROJECT INC PURPOSE: FOR EXPANSION OF INFRASTRUCTURE AND SUPPORTING POST-GRADUATION FELLOWSHIPS | $333,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |