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Coral Foundation Inc. is a private corporation based in SPEARFISH, SD. The foundation received its IRS ruling in 1968. It holds total assets of $468K. Annual income is reported at $217K. Total assets have grown from $136K in 2011 to $276K in 2023. The foundation is governed by 3 officers and trustees. See detail attached. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Illinois, Wisconsin and Tennessee. According to available records, Coral Foundation Inc. has made 19 grants totaling $35K, with a median grant of $500. The foundation has distributed between $6K and $16K annually from 2020 to 2022. Individual grants have ranged from $100 to $10K, with an average award of $2K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in North Carolina, Tennessee, Illinois, which account for 53% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$500
Average Grant
$2K
Largest Grant
$10K
Based on 9 grants from the most recent 990-PF filing.
See detail attached
Expenses: $16K
See detail attached. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in NC, TN, IL.
Coral Foundation Inc. has distributed a total of $35K across 19 grants. The median grant size is $500, with an average of $2K. Individual grants have ranged from $100 to $10K.
Coral Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Coral Foundation Inc. is headquartered in SPEARFISH, SD. While based in SD, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Linda Schueneman | SECRETARY/TREASURER | $0 | $0 | N/A |
| John E Schueneman | PRESIDENT | $0 | $0 | N/A |
| Shane Schueneman | DIRECTOR | $0 | $0 | N/A |
Total Giving
$10K
Total Assets
$276K
Fair Market Value
$274K
Net Worth
$276K
Grants Paid
$7K
Contributions
$75K
Net Investment Income
$23K
Distribution Amount
$10K
Total Grants
19
Total Giving
$35K
Average Grant
$2K
Median Grant
$500
Unique Recipients
14
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Denise Marie Flaherty Memorial FoundationGENERAL | Burlington, NC | $5K | 2022 |
| Melvin Mc Call Memorial Golf Tournament - Strokes For Progress FoundationGENERAL | Travelers Rest, SC | $1K | 2022 |
| Boy Scouts Of AmericaGENERAL | Irving, TX | $500 | 2022 |
| Special Olympics Of South DakotaGENERAL | Souix Falls, SD | $100 | 2022 |
| Dmf Memorial FoundationGENERAL | Elon, NC | $5K | 2021 |
| Three Harbors CouncilGENERAL | Milwaukee, WI | $500 | 2021 |
| Holston United Methodist ChildrenGENERAL | Greenville, TN | $10K | 2020 |
| Ross Macneil FoundationGENERAL | Chicago, IL | $3K | 2020 |
| St Peter'S Catholic ChurchGENERAL | Wadsworth, IL | $1K | 2020 |
| Hospice AllianceGENERAL | Pleasant Praire, WI | $500 | 2020 |
| Ann & Robert H Lurie Children'S Hospital Of ChicagoGENERAL | Chicago, IL | $500 | 2020 |
| City Of Zion - National Fire Safety CouncilGENERAL | Zion, IL | $300 | 2020 |
| Knights Of Columbus - St Patrick CouncilGENERAL | Wadsworth, IL | $250 | 2020 |
| Exchange Club Of WaukeganGENERAL | Waukegan, IL | $250 | 2020 |