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Sumner M Redstone Charitable Foundation is a private trust based in CHESTNUT HILL, MA. The foundation received its IRS ruling in 1986. The principal officer is % Price Waterhouse Coopers Llp. It holds total assets of $57.4M. Annual income is reported at $14.5M. According to available records, Sumner M Redstone Charitable Foundation has made 10 grants totaling $13.2M, with a median grant of $625K. Annual giving has decreased from $3.1M in 2021 to $1.5M in 2023. Grantmaking activity was highest in 2022 with $8.6M distributed across 6 grants. Individual grants have ranged from $25K to $4M, with an average award of $1.3M. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in California and Massachusetts. Contributions to this foundation are tax-deductible.
Sumner M Redstone Charitable Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in CA, MA.
Sumner M Redstone Charitable Foundation has distributed a total of $13.2M across 10 grants. The median grant size is $625K, with an average of $1.3M. Individual grants have ranged from $25K to $4M.
Sumner M Redstone Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals. ORGANIZATIONS MUST QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Sumner M Redstone Charitable Foundation is headquartered in CHESTNUT HILL, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shari Redstone | TRUSTEE | $0 | $0 | $0 |
Total Giving
$2M
Total Assets
$55.7M
Fair Market Value
$62.3M
Net Worth
$55.7M
Grants Paid
$1.5M
Contributions
$0
Net Investment Income
$1.4M
Distribution Amount
$2.9M
Total Grants
10
Total Giving
$13.2M
Average Grant
$1.3M
Median Grant
$625K
Unique Recipients
6
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Massachusetts General HospitalGENERAL | Boston, MA | $1.5M | 2023 |
| Motion Picture & Television FundGENERAL | Woodland Hills, CA | $4M | 2022 |
| Boston UniversityGENERAL | Boston, MA | $250K | 2022 |
| New England YachadGENERAL | Brookline, MA | $25K | 2022 |
| The Massachusetts General HospitalGENERAL | Boston, MA | $1M | 2021 |
| Aquarium Of The PacificGENERAL |
| Long Beach, CA |
| $100K |
| 2021 |
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