SHAWN CARTER SCHOLARSHIP FUND

NEW YORK, NY, 10020-1300 (212) 497-2073 Est. 2002 EIN 11-3662240
B82— Education Form 990 501(c)(3)
www.shawncartersf.com

Mission

TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR EDUCATION AT POST SECONDARY INSTITUTIONS BY PROVIDING THEM WITH EDUCATIONAL SCHOLARSHIPS AND RELATED EDUCATIONAL SUPPORT SERVICES AND EXPERIENCES TO ENSURE THEIR PATH TOWARDS SUCCESS.

Giving Portfolio

Total Grants
25
Total Giving
$4.9M
Recipients
25
Years Active
2018 - 2023
Avg grant: $409,258 Median: $11,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20231$1.5M $1.5M10
20221$138K $138K10
20208$3.1M $381K80
20196$75K $13K24
20189$133K $15K90

Sectors Funded

Education
7
Youth Development
1
Philanthropy & Grantmaking
1

Top States

New York
12
Virginia
5
Georgia
3
California
2
District of Columbia
1
Pennsylvania
1
Maryland
1

Grantee Size Profile

Over $50M
6
$1M - $5M
2
$10M - $50M
2

Top Grantees

Page 1 of 3
CITY UNIVERSITY OF NEW YORK
NY - 2 grants
$58K
VIRGINIA STATE UNIVERSITY
VA - 2 grants
$50K
LINCOLN UNIVERSITY
CA - 2 grants
$24K
HAMPTON UNIVERSITY
VA - 2 grants
$21K
BROOKLYN COLLEGE
NY
$13K
SUNY - UNIVERSITY AT ALBANY
NY
$11K

Grants Awarded · 31 grants

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Financials

Total Revenue
$5,146,379
Total Expenses
$1,499,664
Net Assets
$16,433,917
2 employees 63 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 53.3%
Expenses ↓ 50.6%
Revenue Sources
Contributions 86.4% Investment 12.6% Other 1.0%
Expense Breakdown
Program 85.9% Management 11.2% Fundraising 2.9%

Officers & Trustees (7)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$5,146,379 $1,499,664$16,433,917
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$11,009,237 $3,034,784$12,795,202
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$2,357,871 $1,053,149$4,820,749
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$3,724,003 $4,624,770$3,719,119
2019 Form 990
Jan 1, 2019 to Dec 31, 2019
$4,924,166 $694,109$4,619,886
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$966,856 $623,706$485,172

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EIN: 11-3662240 · Source: IRS Form 990 e-file data