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.
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
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 |
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 include The Navigators ($1,292,000), Lausanne Committee for World Evangelization ($500,000), Wheeler Mission Ministries Inc ($333,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASCEND VAIL INC EDWARDS, CO | General & Unrestricted | $12,000 |
| BASEBALL CHAPEL INC MORROW, OH | General & Unrestricted | $30,000 |
| CHRISTIAN HERALD ASSN INC NEW YORK, NY | General & Unrestricted | $150,000 |
| CITY CHURCH FOR ALL NATIONS INC BLOOMINGTON, IN | "Heart of the House" ministry | $20,000 |
| CITY CHURCH FOR ALL NATIONS INC BLOOMINGTON, IN | General & Unrestricted | $20,000 |
| LAUSANNE COMMITTEE FOR WORLD EVANGELIZATION ORLANDO, FL | General & Unrestricted | $500,000 |
| PULSE OUTREACH MINNEAPOLIS, MN | General & Unrestricted | $100,000 |
| RE SOURCE GLOBAL CHICAGO, IL | General & Unrestricted | $45,000 |
| SALTEXCHANGE INC BROOKLYN, NY | General & Unrestricted | $50,000 |
| THE NAVIGATORS COLORADO SPRINGS, CO | General & Unrestricted | $1,292,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Eight Torches 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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