Synchrony Foundation
- Assets
- $88.4m
- Revenue
- $2.4m
- Investments
- $85.0m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-2935158
Organization Overview
Synchrony Foundation is located in Stamford, CT. The organization was established in 2018. 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. Synchrony 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 12/2023, Synchrony Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $18.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Synchrony Foundation has awarded 8,446 individual grants totaling $69,208,098. 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 |
|---|---|---|---|
Margaret Keane Chairman/director, Thru 04/03/23 | 0.2 | $0 | |
Brian Doubles Ceo/director | 0.2 | $0 | |
Denise Yap President | 30 | $0 | |
Henry Greig Vice President/director, Thru 04/03/23 | 0.2 | $0 | |
Doug Steare Vice President - Tax | 3 | $0 | |
Chris Coffey Vice President - Treasury | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/23 | $361,085 |
Blackbaudeverfi | 12/30/23 | $274,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,386,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,693 |
| Capital Gain Net Income | $67,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $240 |
| Total Revenue | $2,446,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $672,687 |
| Contributions, gifts, grants paid | $18,038,860 |
| Total expenses and disbursements | $18,711,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,984,124 |
| Savings and temporary cash investments | $1,386,300 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $38,336,955 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,394,943 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Synchrony Foundation has awarded $18,038,860 in support to 392 organizations.
| Grant Recipient | Amount |
|---|---|
7TH GENERATION COMMUNITY SERVICES CORPORATION PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $3,000 |
A BETTER CHANCE IN RIDGEFIELD PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $31,000 |
ACT OF CONNECTICUT PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $2,000 |
ADAPTIVE SPORTS PROGRAM OF OHIO PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $5,000 |
AFRO-AMERICAN CULTURAL CENTER INC HARVEY B GANTT CENTER PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $10,000 |
AIESEC LIFE INC PURPOSE: FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING. | $500 |