Program areas at Shawn Carter Foundation
Wealth building: our financial education portfolio which included the launch of the champions for financial legacy program, a wealth building course and program currently offered at 3 hbcus; and the third year offering of tba, a bitcoin and financial education program for residents at marcy houses in brooklyn, ny.
Annual hbcu bus tour: exposes high school youth to different colleges in order to promote increased college attendance. 38 students participated in the 2024 hbcu bus tour.
National Scholarship Fund: helps individuals facing socio-economic hardships further their education at institutions of higher learning by providing them with educational scholarships and related educational support services to ensure their path toward success. Scholarships allocated to qualified applicant students in need are selected by an admissions committee comprised of the foundation's management team, staff, and volunteers. The Fund provided 308 students with Scholarship awards.
Through our community goodwill programs, which include the toy giveaway and marcy back to school tournament, over $86,000 was spent on over 2,000 youth and families who participated. In addition over $46,000 was spent on supporting 5 students as part of the josh dubin fellowship, a professional and educational development program in the legal field.
Grants made by Shawn Carter Foundation
Who funds Shawn Carter Foundation
Grants from foundations and other nonprofits
Financials for Shawn Carter Foundation
| Revenues | FYE 12/2024 | FYE 12/2023 | % Change |
|---|
| Total grants, contributions, etc. | $4,448,621 | $10,620,376 | -58.1% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $647,590 | $360,869 | 79.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $21,614 | -100% |
| Net income from fundraising events | $0 | $6,378 | -100% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $50,168 | $0 | 999% |
| Total revenues | $5,146,379 | $11,009,237 | -53.3% |
Organizations like Shawn Carter Foundation
| Organization | Type | Location | Revenue |
|---|
| Nrf Foundation | 501(c)(3) | Washington, DC | $12,476,331 |
| Agc Education and Research Foundation | 501(c)(3) | Arlington, VA | $2,426,895 |
| Children of Fallen Patriots Foundation | 501(c)(3) | Reston, VA | $21,171,179 |
| The Dale Jr Foundation | 501(c)(3) | Mooresville, NC | $1,718,132 |
| Delta Tau Delta Educational Foundation | 501(c)(3) | Indianapolis, IN | $4,034,972 |
| Native Forward Scholars Fund | 501(c)(3) | Albuquerque, NM | $15,944,902 |
| The Scholarship Fund of Alexandria | 501(c)(3) | Alexandria, VA | $2,132,528 |
| George Snow Scholarship Fund | 501(c)(3) | Boca Raton, FL | $11,548,887 |
| The Pittsburgh Promise | 501(c)(3) | Pittsburgh, PA | $7,437,970 |
| Johnny Mac Soldiers Fund | 501(c)(3) | Ashburn, VA | $3,785,613 |
Data update history
April 1, 2026
Updated personnel
Identified 2 new personnel
February 20, 2026
Posted financials
Added Form 990 for fiscal year 2024
January 17, 2026
Used new vendors
Identified 1 new vendor, including
March 27, 2025
Received grants
Identified 2 new grant, including a grant for $100,000 from NFL Foundation February 5, 2025
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
EducationHuman servicesChildren
Characteristics
Legally formed as corporationNational levelCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
- Address
- 1271 Ave of the Americas
- New York, NY 10020
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Website URL
- shawncartersf.com/Â
- Phone
- (212) 497-2073
IRS details
- EIN
- 11-3662240
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2002
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B82: Scholarships, Student Financial Aid Services
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Revoked
- AG Registration Number
- CT0221339
- FTB Entity ID
- 3685125
- AB 488 data last updated ("as-of") date
- 2026-08-19
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