Eight Torches Foundation
Eight Torches Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 12 grants totaling $2.6M. Net investment income was $474K.
Key facts about Eight Torches Foundation
- EIN
- 82-3337600
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,592,000
- Grants made (2024)
- 12
- Average grant
- $216,000
- Median grant
- $47,500
- New grantees (estimate)
- 9% first-time grantees (1 of 11, 2024)
- Total assets
- $3,721,469
- Primary geography
- Colorado (52% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Eight Torches Foundation funds
By grant dollars, the top recipient states for Eight Torches Foundation's 12 itemized 2024 grants were Colorado (52%), Florida (19%) and Indiana (14%). The most frequent recipient cities were Bloomington, IN (2 grants). 92% of grants with a stated purpose were for general or operating support.
Is Eight Torches Foundation open to new grantees?
9%
first-time grantees, 2024
In 2024, 1 of 11 grantees (9%) were first-time recipients. First grants averaged $12K; repeat grants $258K. How we count
Medians: $12K first-time, $75K repeat.
- 82% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Eight Torches Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+22.2% YoY
Annual Giving
$2.6M
+117.0% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$216K
+117.0% YoY
Under IRS private-foundation payout rules, Eight Torches Foundation reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.
About Eight Torches Foundation
Based on IRS filings
Eight Torches Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 12 grants totaling $2.6M. Net investment income was $474K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,721,469 | $3,044,360 | $2,920,443 |
| Revenue | $3,334,688 | $1,374,819 | $1,149,975 |
| Expenses | $2,657,579 | $1,250,902 | $1,157,923 |
| Qualifying Distributions | $2,604,951 | $1,207,045 | $1,382,157 |
| Net Investment Income | $474,233 | $43,789 | $31,114 |
| Distributable Amount | $125,687 | $102,544 | $127,277 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Navigators ($1,292,000), Lausanne Committee for World Evangelization ($500,000), Wheeler Mission Ministries Inc ($333,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE NAVIGATORS Colorado Springs, CO | General & Unrestricted | $1,292,000 |
| LAUSANNE COMMITTEE FOR WORLD EVANGELIZATION Orlando, FL | General & Unrestricted | $500,000 |
| WHEELER MISSION MINISTRIES INC Indianapolis, IN | General & Unrestricted | $333,000 |
| CHRISTIAN HERALD ASSN INC New York, NY | General & Unrestricted | $150,000 |
| PULSE OUTREACH Minneapolis, MN | General & Unrestricted | $100,000 |
| SALTEXCHANGE INC Brooklyn, NY | General & Unrestricted | $50,000 |
| RE SOURCE GLOBAL Chicago, IL | General & Unrestricted | $45,000 |
| VAIL BIBLE CHURCH Avon, CO | General & Unrestricted | $40,000 |
| BASEBALL CHAPEL INC Morrow, OH | General & Unrestricted | $30,000 |
| CITY CHURCH FOR ALL NATIONS INC Bloomington, IN | "Heart of the House" ministry | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| D G Elmore | Dir, Pres, Sec, Treas | 1 | — |
| David Gant Elmore III | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Eight Torches Foundation?
Eight Torches Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $3.7M in total assets as of 2024.
How large is Eight Torches Foundation?
As of 2024, Eight Torches Foundation holds $3.7M in total assets with $3.3M in annual revenue. It awarded 12 grants totaling $2.6M in 2024.
Where does Eight Torches Foundation operate?
Eight Torches Foundation has awarded grants in Colorado, Florida, Illinois, Indiana, Minnesota, New York, Ohio.
What size grants does Eight Torches Foundation award?
In 2024, Eight Torches Foundation awarded 12 grants totaling $2.6M — an average of about $216K per grant, based on its IRS Form 990 filings.
How much is Eight Torches Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Eight Torches Foundation reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Eight Torches Foundation's EIN?
Eight Torches Foundation's EIN (Employer Identification Number) is 82-3337600. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.