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Kermit Scragg Foundation Inc. is a private corporation based in WASHINGTON, DC. The foundation received its IRS ruling in 2010. The principal officer is Sandy Spring Bank. It holds total assets of $636K. Annual income is reported at $422K. Total assets have grown from N/A in 2011 to $479K 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 2016 to 2023. According to available records, Kermit Scragg Foundation Inc. has made 5 grants totaling $175K, with a median grant of $35K. The foundation has distributed between $31K and $78K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $78K distributed across 2 grants. Individual grants have ranged from $31K to $39K, with an average award of $35K. Grant recipients are concentrated in District of Columbia. 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.
Kermit Scragg Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in DC.
Kermit Scragg Foundation Inc. has distributed a total of $175K across 5 grants. The median grant size is $35K, with an average of $35K. Individual grants have ranged from $31K to $39K.
Kermit Scragg Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Kermit Scragg Foundation Inc. is headquartered in WASHINGTON, DC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George R Adams | PRESIDENT | $0 | $0 | N/A |
| William F Burton | DIRECTOR | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$479K
Fair Market Value
$752K
Net Worth
$479K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$34K
Total: $451K
Total Grants
5
Total Giving
$175K
Average Grant
$35K
Median Grant
$35K
Unique Recipients
1
Most Common Grant
$31K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Scottish Rite Foundation Of DcASSIST IN CHARITABLE PURPOSE | Washington, DC | $35K | 2023 |