Indian Paintbrush Foundation
- Assets
- $2.6b
- Revenue
- $1.5b
- Investments
- $2.5b
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 54-1739160
Organization Overview
Indian Paintbrush Foundation is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Paintbrush 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, Indian Paintbrush Foundation has awarded 38 individual grants totaling $100,547,604. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Rales Chairman/director/president | 1 | $0 | |
Joseph O Bunting III Vice President | 5 | $0 | |
Teresa L C Baldwin Secretary/treasurer | 5 | $0 | |
Queenie H Chung Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,505,727,050 |
| Interest on Savings | $608,189 |
| Dividends & Interest | $4,096,366 |
| Net Rental Income | $10 |
| Net Gain on Sale of Assets | $10,744,975 |
| Capital Gain Net Income | $8,908,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $805,253 |
| Total Revenue | $1,521,981,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $46,926 |
| Taxes | $320,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,714,080 |
| Total operating and administrative expenses | $2,081,006 |
| Contributions, gifts, grants paid | $13,295,252 |
| Total expenses and disbursements | $15,376,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,609 |
| Savings and temporary cash investments | $120,314,555 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $378,092,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,617,521,485 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Indian Paintbrush Foundation has awarded $80,805,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF ALYN HOSPITAL INC PURPOSE: GENERAL SUPPORT | $5,000 |
BETHESDA COMMUNITY BASEBALL CLUB PURPOSE: GENERAL SUPPORT | $25,000 |
COLLEGE YEAR IN ATHENS INC PURPOSE: EDUCATIONAL SUPPORT | $25,000 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: GENERAL SUPPORT | $60,050,000 |
SANTA BARBARA COTTAGE HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000,000 |
DEPAUW UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $10,000,000 |