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Chime Scholars Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2022. The principal officer is Foundation Source. It holds total assets of $1.7M. Annual income is reported at $1.2M. Total assets have grown from $600K in 2021 to $1.4M in 2022. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. The foundation primarily funds organizations in Ohio, District of Columbia and Texas. According to available records, Chime Scholars Foundation has made 23 grants totaling $1.5M, with a median grant of $50K. Annual giving has grown from $191K in 2022 to $1.3M in 2023. Individual grants have ranged from $8K to $130K, with an average award of $66K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Texas, District of Columbia, California, which account for 70% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$23K
Median Grant
$50K
Average Grant
$64K
Largest Grant
$118K
Based on 3 grants from the most recent 990-PF filing.
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.
Chime Scholars Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in TX, DC, CA.
Chime Scholars Foundation has distributed a total of $1.5M across 23 grants. The median grant size is $50K, with an average of $66K. Individual grants have ranged from $8K to $130K.
Chime Scholars Foundation typically selects its grantees rather than accepting unsolicited proposals.
Chime Scholars Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Amine Asmerom | Chief Financial Officer | $0 | $0 | N/A |
| Christopher Britt | Dir | $0 | $0 | N/A |
| Jeni Izuel | Dir, Pres | $0 | $0 | N/A |
| Ryan King | Dir | $0 | $0 | N/A |
| Cynthia Marshall | Dir | $0 | $0 | N/A |
| Apple Palarca | Sec | $0 | $0 | N/A |
Total Giving
$706K
Total Assets
$1.4M
Fair Market Value
$1.4M
Net Worth
$1.4M
Grants Paid
$665K
Contributions
$1.5M
Net Investment Income
$7K
Distribution Amount
$47K
Total Grants
23
Total Giving
$1.5M
Average Grant
$66K
Median Grant
$50K
Unique Recipients
9
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hispanic Association Of Colleges And UniversitiesGeneral & Unrestricted | San Antonio, TX | $130K | 2023 |
| Thurgood Marshall College Fund IncGeneral & Unrestricted | Washington, DC | $118K | 2023 |
| ScholarshotChime Scholars Foundation Scholarship fund | Dallas, TX | $100K | 2023 |
| Oakland PromiseGeneral & Unrestricted | Oakland, CA | $100K | 2023 |
| Achieve Atlanta Inccompletion scholarship fund | Atlanta, GA | $68K | 2023 |
| University Of Texas At DallasChime Scholars | Richardson, TX | $50K | 2023 |
| The Memorial FoundationGeneral & Unrestricted | Washington, DC | $25K | 2023 |
| Columbus State Community College Development Foundstudent certificate scholarship fund | Columbus, OH | $8K | 2023 |
| Columbus State Community College Development FdnScholarship Program | Columbus, OH | $23K | 2022 |