Geico Philanthropic Foundation

Organization Overview

Geico Philanthropic Foundation is located in Chevy Chase, MD. The organization was established in 1982. 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. Geico Philanthropic 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, Geico Philanthropic Foundation generated $29.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Geico Philanthropic Foundation has awarded 24 individual grants totaling $37,852,492. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $9,023,880
Interest on Savings $0
Dividends & Interest $1,113,153
Net Rental Income$0
Net Gain on Sale of Assets $78
Capital Gain Net Income $78
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $18,993,067
Total Revenue $29,130,178

Grants Awarded

Over the last fiscal year, Geico Philanthropic Foundation has awarded $7,959,086 in support to 7 organizations.

Grant RecipientAmount

GENERAL PHILANTHROPIC CONTRIBUTIONS

PURPOSE: CHARITABLE DONATIONS TO 5013C ORGANIZATIONS

$7,466,953

GEORGE AND WILLIAM B SNYDER

PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS

$237,450

SNYDER FAMILY SCHOLARSHIP PROGRAM

PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS

$146,003

DAVIDSON SCHOLARSHIP PROGRAM

PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS

$52,800

TONY AND SALLY NICELY SCHOLARSHIP

PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS

$23,900

BYRNE SCHOLARSHIP PROGRAM

PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS

$22,980
View Grant Profile

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