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Sherman & Kara Wright Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2015. It holds total assets of $46K. Annual income is reported at $2K. Total assets have decreased from $200K in 2014 to $46K in 2023. The foundation is governed by 3 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 2015 to 2023. The foundation primarily funds organizations in Illinois and Georgia. According to available records, Sherman & Kara Wright Foundation has made 8 grants totaling $20K, with a median grant of $2K. Individual grants have ranged from $1K to $5K, with an average award of $3K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Illinois and Texas and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$2K
Largest Grant
$5K
Based on 3 grants from the most recent 990-PF filing.
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.
Sherman & Kara Wright Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in IL, TX, FL.
Sherman & Kara Wright Foundation has distributed a total of $20K across 8 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $1K to $5K.
Sherman & Kara Wright Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sherman & Kara Wright Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Asha Wright | Director | $0 | $0 | N/A |
| Kara D Wright | Director | $0 | $0 | N/A |
| Sherman L Wright | Director | $0 | $0 | N/A |
Total Giving
$172
Total Assets
$46K
Fair Market Value
$37K
Net Worth
$46K
Grants Paid
N/A
Contributions
$162
Net Investment Income
$511
Distribution Amount
$2K
Total: $45K
Total Grants
8
Total Giving
$20K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
4
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| 826chiEducation for Children | Chicago, IL | $5K | 2022 |
| Texas Amu Black Former Student NetwEducational Support | College Station, TX | $3K | 2022 |
| Perspectives Charter SchoolEducational Support | Chicago, IL | $1K | 2022 |
| Famu Foundation IncEducational Support | Tallahasse, FL | $1K | 2022 |