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Also known as: FOUNDATION C/O KURT SOMMER
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Jack Beaty Educational Scholarship Foundation is a private trust based in SANTA FE, NM. The foundation received its IRS ruling in 2022. It holds total assets of $6.7M. Annual income is reported at $2.2M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Jack Beaty Educational Scholarship Foundation has made 2 grants totaling $100K, with a median grant of $50K. Grant recipients are concentrated in New Mexico. 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.
Jack Beaty Educational Scholarship Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NM.
Jack Beaty Educational Scholarship Foundation has distributed a total of $100K across 2 grants. The median grant size is $50K, with an average of $50K. Individual grants have ranged from $50K to $50K.
Jack Beaty Educational Scholarship Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jack Beaty Educational Scholarship Foundation is headquartered in SANTA FE, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kurt Sommer | TRUSTEE | $0 | $0 | N/A |
| Cheryl Sommer | TRUSTEE | $0 | $0 | N/A |
Total Giving
$311K
Total Assets
$7.1M
Fair Market Value
$7.7M
Net Worth
$7.1M
Grants Paid
$184K
Contributions
N/A
Net Investment Income
$92K
Distribution Amount
$354K
Total: $6.7M
Total Grants
2
Total Giving
$100K
Average Grant
$50K
Median Grant
$50K
Unique Recipients
1
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Mexico School For The ArtsSCHOLARSHIP | Santa Fe, NM | $50K | 2022 |