Sterling Charitable Gift Fund Tr
- Assets
- $21.0m
- Revenue
- $7.1m
- Investments
- $11.6m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 54-1978669
Organization Overview
Sterling Charitable Gift Fund Tr is located in Herndon, VA. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Sterling Charitable Gift Fund Tr 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, Sterling Charitable Gift Fund Tr generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sterling Charitable Gift Fund Tr has awarded 270 individual grants totaling $11,702,365. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND DISTRIBUTE CONTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO EXEMPT ORGANIZATIONS FOR HUMANITARIAN WORK IN THE U.S. & FINANCIAL ASSISTANCE AND PROGRAM SUPPORT TO VARIOUS SOCIAL ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS.
TUITION, FINANCIAL AND MEDICAL ASSISTANCE TO DISADVANTAGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Yaqub Mirza PHD President/trustee | OfficerTrustee | 2 | $0 |
Muhammad Ashraf Secretary/trustee | OfficerTrustee | 0.5 | $0 |
Firas Barzinji Vice President/compliance | OfficerTrustee | 0.5 | $0 |
Asma Mirza Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,024,820 |
| Noncash contributions included in lines 1a–1f | $310,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,024,820 |
| Total Program Service Revenue | $0 |
| Investment income | $1,046,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,071,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $861,261 |
| Grants and other assistance to domestic individuals. | $32,636 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,371 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,037 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,049,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,038,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,744 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $334,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,917,366 |
| Investments—other securities | $11,614,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,961,268 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | -$5,496 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$5,496 |
| Net assets without donor restrictions | $11,820,196 |
| Net assets with donor restrictions | $9,146,568 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,961,268 |
Grants Awarded
Over the last fiscal year, Sterling Charitable Gift Fund Tr has awarded $770,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Herndon, VA PURPOSE: PROGRAM ASSISTANCE - SOCIAL SERVICES | $200,000 |
Herndon, VA PURPOSE: PROGRAM ASSISTANCE - EDUCATIONAL/COMMUNITY SERVICES | $100,000 |
SINGH FAMILY CHARITABLE FUND PURPOSE: PROGRAM ASSISTANCE - COMMUNITY/SOCIAL SERVICES | $100,000 |
NORTH AMERICAN IMAM FEDERATION PURPOSE: PROGRAM ASSISTANCE - COMMUNITY IMAMS EDUCATIONAL SERVICES | $75,000 |
Keller, TX PURPOSE: PROGRAM ASSISTANCE - COMMUNITY SOCIAL SERVICES | $50,000 |
Lakeland, FL PURPOSE: DONATION - COMMUNITY/EDUCATIONAL SERVICE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sterling Charitable Gift Fund Tr has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $100,000 |
Endowment Analysis
| Beg. Balance | $2,459,911 |
| Ending Balance | $2,459,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |