Sunrise Charitable Foundation Trust
- Assets
- $34.8m
- Revenue
- $6.3m
- Investments
- $31.9m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 52-6560157
Organization Overview
Sunrise Charitable Foundation Trust is located in Bethesda, MD. The organization was established in 1992. 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. Sunrise Charitable Foundation Trust 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, Sunrise Charitable Foundation Trust generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sunrise Charitable Foundation Trust has awarded 104 individual grants totaling $9,414,422. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO SEC 501(C)(3) ORGANIZATIONS
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 |
|---|---|---|---|
Antoine Van Agtmael Trustee | 1 | $0 | |
Emily Van Agtmael Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,272,822 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,169,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,852,887 |
| Capital Gain Net Income | $4,679,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,338 |
| Total Revenue | $6,337,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90 |
| Total operating and administrative expenses | $145,370 |
| Contributions, gifts, grants paid | $2,769,519 |
| Total expenses and disbursements | $2,914,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,956,329 |
| Net Accounts receivable | $1,518 |
| 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 | $34,825,774 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $74,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,000 |
Grants Awarded
Over the last fiscal year, Sunrise Charitable Foundation Trust has awarded $2,769,519 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SMITHSONIAN INSTITUTION - FREER GALLERY OF ART PURPOSE: DIGITAL INITIATIVES FUND, SPECIAL PURPOSE EXHIBITIONS FUND, EDUCATION FUND | $525,000 |
SMITH COLLEGE PURPOSE: GENERAL SCHOLARSHIP ENDOWMENT | $500,000 |
NATIONAL PUBLIC RADIO FOUNDATION PURPOSE: CAMPAIGN, GENERAL OPERATIONS, AFGHAN AID | $260,000 |
Pasadena, CA PURPOSE: GENERAL OPERATIONS | $260,000 |
WAMU PURPOSE: NEWSROOM INVESTMENT AND PODCAST DEVELOPMENT | $250,000 |
Washington, DC PURPOSE: INTERNATIONAL ADVISORY COUNCIL AND AI TECHNOLOGY INITIATIVE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |