Sunrise Charitable Foundation Trust
- Assets
- $33.1m
- Revenue
- $1.3m
- Investments
- $32.1m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1992
- Data as of
- 12/2022
- 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 12/2022, Sunrise Charitable Foundation Trust generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sunrise Charitable Foundation Trust has awarded 127 individual grants totaling $12,368,492. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO SEC 501(C)(3) ORGANIZATIONS
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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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,317,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,627 |
| Capital Gain Net Income | $12,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,883 |
| Total Revenue | $1,347,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $695 |
| Total operating and administrative expenses | $133,962 |
| Contributions, gifts, grants paid | $2,954,070 |
| Total expenses and disbursements | $3,088,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,051,881 |
| Net Accounts receivable | $1,912 |
| 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 | $253,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,145,236 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $133,750 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $133,750 |
Grants Awarded
Over the last fiscal year, Sunrise Charitable Foundation Trust has awarded $2,954,070 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON SYMPHONY ORCHESTRA PURPOSE: TANGLEWOOD ANNUAL FUND | $25,000 |
BROOKINGS INSTITUTE PURPOSE: PRESIDENT'S INITIATIVE, AI TECHNOLOGY INITIATIVE, BROOKINGS METRO | $300,000 |
COLLEGIATE DIRECTIONS INC PURPOSE: COLLEGE COUNSELING SERVICES | $10,000 |
SPARK THE JOURNEY PURPOSE: SCHOLARSHIPS & TRAINING GRANTS | $165,000 |
FAIR OBSERVER PURPOSE: GENERAL USE | $20,000 |
FRIENDS MEETING OF WASHINGTON PURPOSE: MJ SIMPSON SCHOLARSHIP FUND | $60,000 |