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Island Sunrise Foundation Inc. is a private corporation based in MIDDLEBURG, VA. The foundation received its IRS ruling in 1997. The principal officer is Michael D Gibson. It holds total assets of $8.7M. Annual income is reported at $3M. Total assets have grown from $521K in 2011 to $8.2M in 2023. The foundation is governed by 3 officers and trustees. Attached is a schedule showing contributions made to 501(c)(3) organizations that perform educational or community based charitable work. Tax records are available from 2015 to 2023. According to available records, Island Sunrise Foundation Inc. has made 4 grants totaling $1.8M, with a median grant of $449K. Annual giving has grown from $194K in 2020 to $672K in 2023. Individual grants have ranged from $194K to $672K, with an average award of $441K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Attached is a schedule showing contributions made to 501(c)(3) organizations that perform educational or community based charitable work.
Expenses: $273K
Attached is a schedule showing contributions made to 501(c)(3) organizations that perform educational or community based charitable work. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in VA.
Island Sunrise Foundation Inc. has distributed a total of $1.8M across 4 grants. The median grant size is $449K, with an average of $441K. Individual grants have ranged from $194K to $672K.
Charitable fields limited to educational and community based organizations.
Island Sunrise Foundation Inc. is headquartered in MIDDLEBURG, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Magalen C Webert | President | $0 | $0 | N/A |
| James W Webert | Vice President | $0 | $0 | N/A |
| Philip S Lawrence | Treasurer | $0 | $0 | N/A |
Total Giving
$759K
Total Assets
$8.2M
Fair Market Value
$15.4M
Net Worth
$8.2M
Grants Paid
$672K
Contributions
N/A
Net Investment Income
$614K
Distribution Amount
$721K
Total: $4.9M
Total Grants
4
Total Giving
$1.8M
Average Grant
$441K
Median Grant
$449K
Unique Recipients
1
Most Common Grant
$194K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See ScheduleCharitable Donation | Various, VA | $672K | 2023 |