Rise8 Foundation
- Assets
- $302.1m
- Revenue
- -$96.1m
- Investments
- $301.2m
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-6476207
Organization Overview
Rise8 Foundation is located in Hunt Valley, MD. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rise8 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 2020, Rise8 Foundation has awarded 31 individual grants totaling $18,327,667. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Feroz Dewan Trustee | 2 | $0 | |
Erica Dewan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,755,970 |
| Interest on Savings | $3,452 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,827,621 |
| Capital Gain Net Income | $49,533,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$145,725,255 |
| Total Revenue | -$96,138,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,270,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,068 |
| Printing and publications | $0 |
| Other expenses | $3,374 |
| Total operating and administrative expenses | $2,340,428 |
| Contributions, gifts, grants paid | $4,558,667 |
| Total expenses and disbursements | $6,899,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,940 |
| Savings and temporary cash investments | $891,781 |
| 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 | $390 |
| Investments—mortgage loans | $0 |
| Investments—other | $301,180,090 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $302,140,201 |
| 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 | $18,121 |
| Other liabilities | $0 |
| Total liabilities | $18,121 |
Grants Awarded
Over the last fiscal year, Rise8 Foundation has awarded $4,558,667 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
KHAN ACADEMY INC PURPOSE: GENERAL SUPPORT | $100,000 |
KIPP NEW YORK INC PURPOSE: GENERAL SUPPORT | $750,000 |
THREAD INC PURPOSE: GENERAL SUPPORT | $50,000 |
QUESTBRIDGE PURPOSE: GENERAL SUPPORT | $100,000 |
ZEARN INC PURPOSE: GENERAL SUPPORT | $100,000 |
ALL OUR KIN INC PURPOSE: GENERAL SUPPORT | $200,000 |