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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. Total assets have grown from $759K in 2011 to $57.4M in 2024. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in California and Massachusetts. 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.
Smallest Grant
$100K
Median Grant
$1M
Average Grant
$1M
Largest Grant
$2M
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.
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 | N/A |
Total Giving
N/A
Total Assets
$57.4M
Fair Market Value
N/A
Net Worth
$57.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
10
Total Giving
$13.2M
Average Grant
$1.3M
Median Grant
$625K
Unique Recipients
6
Most Common Grant
$4M
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 |