Pyramid Peak Foundation

Organization Overview

Pyramid Peak Foundation is located in Memphis, TN. The organization was established in 2012. 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. Pyramid Peak 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 12/2021, Pyramid Peak Foundation generated $119.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $82.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE FOUNDATION PERFORMS NO DIRECT CHARITABLE ACTIVITIES. THE EXEMPT PURPOSE IS CARRIED OUT VIA CONTRIBUTIONS TO EXISTING CHARITABLE ORGANIZATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edspace Consulting
$150,000
Health And Education Consultants Llc
$140,000
Miriam Dean Stokes Brown
$88,070
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100,000,000
Interest on Savings $11,670
Dividends & Interest $2,054,034
Net Rental Income$0
Net Gain on Sale of Assets $17,658,855
Capital Gain Net Income $17,658,855
Net ST Capital Gain $5,037,540
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $119,724,559

Grants Awarded

Over the last fiscal year, Pyramid Peak Foundation has awarded $77,630,000 in support to 2 organizations.

Grant RecipientAmount

COMMUNITY FDN OF GREATER MEMPHIS

PURPOSE: VARIOUS

$77,380,000

PROJECT GRAD USA

PURPOSE: EDUCATION

$250,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Arthur M Blank Family Foundation
Atlanta, GA
$84,889,977
Pyramid Peak Foundation
Memphis, TN
$119,724,559
Alice L Walton Foundation
Bentonville, AR
$449,327,995
John Bulow Campbell Foundation
Atlanta, GA
$103,345,098
The Rosser Foundation A Pure Charitable Trust And Public Charit
Hampton, VA
$36,359,396
Jesus Fund
Little Rock, AR
$128,635,887
James S Mcdonnell Foundation
St Louis, MO
$80,243,658
Patterson Family Foundation
Kansas City, MO
$1,174,628,172
Poplar Foundation
Memphis, TN
$18,419,294
Builders Initiative
Bentonville, AR
$530,265,880
John M Belk Endowment
Charlotte, NC
$19,824,991
Plough Foundation
Memphis, TN
$7,604,937

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