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Cherith Foundation Inc. is a private corporation based in BEVERLY, MA. The foundation received its IRS ruling in 2013. The principal officer is % Scott S Chen. It holds total assets of $39.6M. Annual income is reported at $7.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Cherith Foundation Inc. has made 24 grants totaling $6.5M, with a median grant of $75K. Annual giving has decreased from $4.9M in 2022 to $1.7M in 2023. Individual grants have ranged from $25K to $1.5M, with an average award of $272K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Kentucky, Minnesota, South Carolina, which account for 50% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Cherith Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in KY, MN, SC.
Cherith Foundation Inc. has distributed a total of $6.5M across 24 grants. The median grant size is $75K, with an average of $272K. Individual grants have ranged from $25K to $1.5M.
Cherith Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Cherith Foundation Inc. is headquartered in BEVERLY, MA. While based in MA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John E Child | PRESIDENT | $78K | $0 | $78K |
| Scott S Chen | DIRECTOR | $0 | $0 | $0 |
Total Giving
$2.1M
Total Assets
$40.7M
Fair Market Value
$44.1M
Net Worth
$40.7M
Grants Paid
$1.7M
Contributions
$0
Net Investment Income
$92K
Distribution Amount
$2.2M
Total: $7.1M
Total Grants
24
Total Giving
$6.5M
Average Grant
$272K
Median Grant
$75K
Unique Recipients
9
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Word Of LifeTHEOLOGICAL EDUCATION AND EVANGELISM | Schroon Lake, NY | $100K | 2022 |
| Fidelity Charitable TrustTHEOLOGICAL EDUCATION AND EVANGELISM | Covington, KY | $1.5M | 2023 |
| Bethany InternationalTHEOLOGICAL EDUCATION AND EVANGELISM | Bloomington, MN | $172K | 2023 |
| Crossover Global CommunicationsTHEOLOGICAL EDUCATION AND EVANGELISM | Columbia, SC | $300K | 2022 |
| Christar InternationalTHEOLOGICAL EDUCATION AND EVANGELISM |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Richardson, TX |
| $141K |
| 2022 |
| Vision Team International Usa IncTHEOLOGICAL EDUCATION AND EVANGELISM | Lomita, CA | $50K | 2022 |
| Sim UsaTHEOLOGICAL EDUCATIN AND EVANGELISM | Charlotte, NC | $47K | 2022 |
| China Evangelical SeminaryTHEOLOGICAL EDUCATION AND EVANGELISM | — | $40K | 2022 |
| Galilee International UsTHEOLOGIAL EDUCATION AND EVANGELISM | Freemont, CA | $25K | 2022 |
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