CG42 Foundation
CG42 Foundation is a private foundation, based in Isle of Palms, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $44K in total assets. In 2025, it awarded 1 grant totaling $51K. Net investment income was $3K.
CG42 Foundation at a glance
In short: CG42 Foundation gave $51K across 1 grant in 2025 (avg $51K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $51,300
- -38.5% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $51,300
- +23.0% vs 2024
- Median grant
- $51,300
- Total assets
- $44,279
- -53.1% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who CG42 Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Scholarship America Inc ($51K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How CG42 Foundation gives
- Giving grew 22% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $21K (2021) to $83K (2024). In 2025 it made 1 grant totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Inc Minneapolis, MN | Scholarship | $51,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $44,279 | $3,031 | $53,097 | $51,300 | 1 | $51,300 | $2,934 | $3,725 |
| 2024 | $94,345 | $7,077 | $86,921 | $83,400 | 2 | $83,400 | $6,956 | $7,177 |
| 2023 | $174,189 | $10,407 | $43,727 | $42,000 | 1 | $42,000 | $8,680 | $9,535 |
| 2022 | $207,509 | $91,921 | $43,450 | $42,000 | 1 | $42,000 | $1,921 | $6,833 |
| 2021 | $159,038 | $90,038 | $21,000 | $21,000 | 1 | $21,000 | — | $3,799 |
Under IRS private-foundation payout rules, CG42 Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CG42 Foundation is led by Stephen C. Beck, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Stephen C. Beck
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about CG42 Foundation
How much does CG42 Foundation give each year?
CG42 Foundation gave $51K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $83K across 2 grants.
How large is CG42 Foundation?
CG42 Foundation reported $44K in total assets on its 2025 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
Where does CG42 Foundation operate?
CG42 Foundation has awarded grants in Connecticut, Minnesota.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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Browse active grant opportunities in CG42 Foundation's focus areas in our free grants database
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CG42 Foundation down — hundreds of funders to go?