EIN 11-3662240

Shawn Carter Scholarship Fund

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
2002
Most recent tax filings
2022-12-01
Description
Shawn Carter Scholarship Fund provides educational scholarships and support services to help students facing socio-economic hardships achieve college education.
Also known as...
C-O Bessemer Trust
Total revenues
$2,357,871
2022
Total expenses
$1,053,149
2022
Total assets
$4,948,214
2022
Num. employees
2
2022

Program areas at Shawn Carter Scholarship Fund

Scholarships allocated to qualified applicant students in need. The students are selected by an admissions committee comprised by the foundation's management team, staff, and volunteers. During 2022 educational scholarships were awarded to around 118 students.an additional grant was made to boys and girls club of america in the amount of $137,500 toward scholarships for youth.also additional scholarships and stipends for selected students was awarded in the amount of $33,680 as part of the newly established josh dubin fellowship program.
Two financial empowerment and wealth building programs: 1) bridges to wealth . Bridges to wealth (b2w) is an innovative financial empowerment program located at the wharton school of business, focused on students, parents, and local community partners. B2w's goal is to increase the wealth-generating capabilities of families living in underserved neighborhoods. B2w offers a series of workshops to families and students. 2) a second initiative launchedin 2022, bitcoin academy, focuses on financial literacy and bitcoin education for residents of marcy houses in brooklyn, new york. The program ran during the summer of 2022.
Foundation's annual historically black college and university bus tour exposing high school youth to different colleges in order to promote increased college attendance. In 2022, 38 students attended the hbcu bus tour.
Toy giveaway and community goodwill.

Grants made by Shawn Carter Scholarship Fund

GranteeGrant descriptionAmount
Boys and Girls Clubs of AmericaScholarship Grant$137,500

Who funds Shawn Carter Scholarship Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
TisBest PhilanthropySee Tisbest Mission$50,819
The Reva May Nash Foundation CorporationHelps Individuals Facing Socio-Economic Hardships Further Their Education at Institutions of Higher Learning.$24,300
AmazonSmile FoundationGeneral Support$180

Personnel at Shawn Carter Scholarship Fund

NameTitleCompensation
Dania DiazBoard Member$90,000
Gloria CarterFounder$0
Kashyap BakhaiTreasurer$0

Financials for Shawn Carter Scholarship Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,317,746
Program services$0
Investment income and dividends$423
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$39,702
Total revenues$2,357,871

Form 990s for Shawn Carter Scholarship Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-01-28990View PDF
...and 8 more Form 990s

Organizations like Shawn Carter Scholarship Fund

OrganizationLocationRevenue
Agc Education and Research FoundationArlington, VA$1,636,616
Shepherd University FoundationShepherdstown, WV$4,902,607
Irving Schools FoundationIrving, TX$1,822,334
Rankin Women's Scholarship FundAthens, GA$2,828,108
Carson Scholars FundTowson, MD$1,830,742
Oregon Tech FoundationKlamath Falls, OR$6,429,423
Senator George J Mitchell Scholarship Research InstitutePortland, ME$3,294,225
Kearney Catholic HS FoundationKearney, NE$670,611
Tke FoundationIndianapolis, IN$2,064,647
Spencer Educational FoundationNew York, NY$2,712,012
Data update history
January 28, 2024
Updated personnel
Identified 9 new personnel
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsNational levelCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible 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/ 
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
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