Sean Combs Foundation
- Assets
- $120.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 82-5460645
Organization Overview
Sean Combs Foundation is located in West Hollywood, CA. 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. Sean Combs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Sean Combs Foundation has awarded 31 individual grants totaling $2,037,833. 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 |
|---|---|---|---|
Sean Combs Chairman | 1 | $0 | |
Keisha Combs Dent Director And President | 2 | $0 | |
Tarik A Brooks Treasurer And Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $295 |
| Contributions, gifts, grants paid | $792,833 |
| Total expenses and disbursements | $793,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,538 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $120,538 |
| 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, Sean Combs Foundation has awarded $792,833 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS BOOKS PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP ACCESS BOOKS PURCHASE BOOKS FOR SCHOOLS AND LIBRARIES IN DISADVANTAGED COMMUNITIES IN SOUTHERN CALIFORNIA. | $104,500 |
BOYS & GIRLS CLUB OF MOUNT VERNON NY PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP BOYS & GIRLS CLUB OF MOUNT VERNON PROVIDE LOW INCOME FAMILIES WITH A PLACE FOR THEIR CHILDREN TO DISCOVER, LEARN, LEAD AND SUCCEED. | $15,000 |
BUSINESSES UNITED IN INVESTING LENDING & DEVELOPMENT PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP BUSINESS UNITED IN INVESTING, LENDING & DEVELOPMENT IN ITS EFFORTS TO USE ENTREPRENEURSHIP EDUCATION AS A MOTIVATOR TO GET LOW INCOME STUDENTS INTERESTED IN APPLYING AND ATTENDING COLLEGE. | $50,000 |
JACKSON STATE UNIVERSITY DEVELOPMENT FOUNDATION INC PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP JACKSON STATE UNIVERSITY PROVIDE STUDENT SCHOLARSHIPS, ENCOURAGE FACULTY/STAFF DEVELOPMENT AND GROW ITS ENDOWMENT, ALONG WITH OTHER INSTITUTIONAL PRIORITIES. | $333,333 |
MISA HYLTON FASHION ACADEMY PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP MISA HYLTON FASHION ACADEMY PROVIDE LOW INCOME INDIVIDUALS WITH A FASHION EDUCATION. | $10,000 |
MOUNT SAINT MICHAEL ACADEMY PURPOSE: THE PURPOSE OF THE GRANT IS TO HELP MOUNT SAINT MICHAEL ACADEMY PROVIDE LOW INCOME FAMILIES WITH A QUALITY EDUCATION. | $30,000 |