Cg42 Foundation
Cg42 Foundation is a private foundation, based in ISLE OF PALMS, SC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $94K in total assets. In 2024, it awarded 2 grants totaling $83K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$94K
-45.8% YoY
Annual Giving
$83K
+98.6% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$42K
-0.7% YoY
Under IRS private-foundation payout rules, Cg42 Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Cg42 Foundation
Based on IRS filings
Cg42 Foundation is a private foundation, based in ISLE OF PALMS, SC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $94K in total assets. In 2024, it awarded 2 grants totaling $83K. Net investment income was $7K.
Ready to take the next step with Cg42 Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $94,345 | $174,189 | $207,509 |
| Revenue | $7,077 | $10,407 | $91,921 |
| Expenses | $86,921 | $43,727 | $43,450 |
| Qualifying Distributions | $83,400 | $42,000 | $42,000 |
| Net Investment Income | $6,956 | $8,680 | $1,921 |
| Distributable Amount | $7,177 | $9,535 | $6,833 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fairfield University ($42,000), Scholarship America Inc ($41,400).
| Recipient | Purpose | Amount |
|---|---|---|
| FAIRFIELD UNIVERSITY FAIRFIELD, CT | SCHOLARSHIP | $42,000 |
| SCHOLARSHIP AMERICA INC MINNEAPOLIS, MN | SCHOLARSHIP | $41,400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN C BECK | TRUSTEE | 2 | — |
Frequently Asked Questions
How large is Cg42 Foundation?
As of 2024, Cg42 Foundation holds $94K in total assets with $7K in annual revenue. It awarded 2 grants totaling $83K in 2024.
Where does Cg42 Foundation operate?
Cg42 Foundation has awarded grants in Connecticut, Minnesota.
What size grants does Cg42 Foundation award?
In 2024, Cg42 Foundation awarded 2 grants totaling $83K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Cg42 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cg42 Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cg42 Foundation's EIN?
Cg42 Foundation's EIN (Employer Identification Number) is 85-6810971. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Cg42 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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