Sterling Charitable Gift Fund Tr
- Assets
- $19.4m
- Revenue
- $3.3m
- Investments
- $12.3m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 05/2000
- Data as of
- 12/2022
- 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 12/2022, Sterling Charitable Gift Fund Tr generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sterling Charitable Gift Fund Tr has awarded 305 individual grants totaling $14,355,259. 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
2022
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 |
Firas Barzinji Vice President/compliance | OfficerTrustee | 0.5 | $0 |
Muhammad Ashraf Secretary/trustee | 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 | $2,343,353 |
| Noncash contributions included in lines 1a–1f | $172,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,343,353 |
| Total Program Service Revenue | $0 |
| Investment income | $1,003,005 |
| 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 | $3,346,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,717,394 |
| Grants and other assistance to domestic individuals. | $70,168 |
| 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 | $80,000 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $218 |
| 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 | $660 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,888,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,917,062 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,150,012 |
| Investments—other securities | $12,318,159 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,440,977 |
| Accounts payable and accrued expenses | $80,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $80,000 |
| Net assets without donor restrictions | $11,203,808 |
| Net assets with donor restrictions | $8,157,169 |
| 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 | $19,440,977 |
Grants Awarded
Over the last fiscal year, Sterling Charitable Gift Fund Tr has awarded $2,652,894 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH PURPOSE: PROGRAM ASSISTANCE - SOCIAL SERVICES | $282,250 |
ALL DULLES AREA MUSLIM SOCIETY PURPOSE: PROGRAM ASSISTANCE - COMMUNITY SERVICESPROGRAM ASSISTANCE - COMMUNITY SERVICES | $56,000 |
BDESH FOUNDATION INC PURPOSE: PROGRAM ASSISTANCE - SOCIAL SERVICES | $6,000 |
ISLAMIC RELIEF USA PURPOSE: DONATION - HUMANITARIAN/SOCIAL SERVICES | $13,000 |
25 MISCELLANOUS ORGANIXED CHARITIES LESS THEN 2500 PURPOSE: PROGRAM ASSISTANCE - COMMUNITY CENTERS/SOCIAL SERVICES | $62,479 |
THE HUMAN DEVELOPMENT FOUNDATION OF NORTH AMERICA PURPOSE: PROGRAM ASSISTANCE - SOCIAL SERVICES | $14,000 |