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Chesapeake Power Foundation Inc. is a private corporation based in BETHESDA, MD. The foundation received its IRS ruling in 2022. It holds total assets of $3.5M. Annual income is reported at $2.7M. Total assets have grown from $10K in 2020 to $557K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of environment. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Chesapeake Power Foundation Inc. has made 5 grants totaling $227K, with a median grant of $42K. Annual giving has grown from $15K in 2020 to $142K in 2022. Individual grants have ranged from $15K to $71K, with an average award of $45K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Maryland and Virginia. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Chesapeake Power Foundation Inc. primarily funds organizations in the area of environment. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in MD, VA.
Chesapeake Power Foundation Inc. has distributed a total of $227K across 5 grants. The median grant size is $42K, with an average of $45K. Individual grants have ranged from $15K to $71K.
Chesapeake Power Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Chesapeake Power Foundation Inc. is headquartered in BETHESDA, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Eckel | DIRECTOR | $0 | $0 | N/A |
| Kristyn Eckel | DIRECTOR | $0 | $0 | N/A |
Total Giving
$333K
Total Assets
$557K
Fair Market Value
$2.8M
Net Worth
$557K
Grants Paid
$326K
Contributions
$687K
Net Investment Income
$673K
Distribution Amount
$105K
Total Grants
5
Total Giving
$227K
Average Grant
$45K
Median Grant
$42K
Unique Recipients
4
Most Common Grant
$71K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trout UnlimitedSUPPORT FOR WILDLIFE CONSERVATION | Arlington, VA | $42K | 2021 |
| Catoctin Land Trust IncSUPPORT FOR LAND PRESERVATION | Frederick, MD | $71K | 2022 |
| The 6th BranchSUPPORT FOR NEIGHBORHOOD AND COMMUNITY DEVELOPMENT | Baltimore, MD | $28K | 2021 |
| Usm FoundationSUPPORT FOR HIGHER EDUCATION IN MARYLAND | Adelphi, MD | $15K | 2020 |