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Eight Torches Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2018. The principal officer is Foundation Source. It holds total assets of $3.7M. Annual income is reported at $4.6M. Total assets have grown from $750K in 2019 to $3M in 2023. The foundation is governed by 2 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 2018 to 2023. According to available records, Eight Torches Foundation has made 33 grants totaling $3.5M, with a median grant of $35K. Annual giving has grown from $52K in 2020 to $1.2M in 2023. Grantmaking activity was highest in 2022 with $2.2M distributed across 18 grants. Individual grants have ranged from $5K to $687K, with an average award of $105K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Minnesota, New York, Colorado, which account for 70% of all grants. Grantmaking reaches organizations across 7 states. 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.
Eight Torches Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in MN, NY, CO.
Eight Torches Foundation has distributed a total of $3.5M across 33 grants. The median grant size is $35K, with an average of $105K. Individual grants have ranged from $5K to $687K.
Eight Torches Foundation typically selects its grantees rather than accepting unsolicited proposals.
Eight Torches Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| D G Elmore | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
| David Gant Elmore Iii | VP | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$3M
Fair Market Value
$3.1M
Net Worth
$3M
Grants Paid
$1.2M
Contributions
$1.3M
Net Investment Income
$44K
Distribution Amount
$103K
Total: $2.2M
Total Grants
33
Total Giving
$3.5M
Average Grant
$105K
Median Grant
$35K
Unique Recipients
14
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The NavigatorsGeneral & Unrestricted | Colorado Springs, CO | $625K | 2023 |
| Christian Herald Assn IncGeneral & Unrestricted | New York, NY | $200K | 2023 |
| Pulse OutreachGeneral & Unrestricted | Minneapolis, MN | $100K | 2023 |
| Wheeler Mission Ministries IncGeneral & Unrestricted | Indianapolis, IN | $50K | 2023 |
| Re Source GlobalGeneral & Unrestricted | Chicago, IL | $35K | 2023 |
| Saltexchange IncGeneral & Unrestricted | Brooklyn, NY | $35K | 2023 |
| Veritas AcademyGeneral & Unrestricted | North Branch, MN | $30K | 2023 |
| City Church For All Nations IncGeneral & Unrestricted | Bloomington, IN | $30K | 2023 |
| The New York City Leadership Center IncGeneral & Unrestricted | New York, NY | $25K | 2023 |
| Vail Bible ChurchGeneral & Unrestricted | Avon, CO | $20K | 2023 |
| Baseball Chapel IncGeneral & Unrestricted | Morrow, OH | $20K | 2023 |
| Christian Herald Assn Inc - The Bowery MissionGeneral & Unrestricted | New York, NY | $150K | 2022 |
| Lausanne Committee For World EvangelizationGeneral & Unrestricted | Orlando, FL | $20K | 2022 |
| Youth For Christ Usa IncPARENT LIFE program | Englewood, CO | $5K | 2020 |