Island Sunrise Foundation Inc
Island Sunrise Foundation Inc is a private foundation, based in Middleburg, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.5M in total assets. In 2025, it awarded 1 grant totaling $704K. Net investment income was $473K.
Island Sunrise Foundation Inc at a glance
In short: Island Sunrise Foundation Inc gave $704K across 1 grant in 2025 (avg $704K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $703,500
- -7.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $703,500
- -7.9% vs 2024
- Median grant
- $703,500
- Total assets
- $8,483,130
- -2.9% vs 2024
- Primary geography
- Virginia (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 Island Sunrise Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
How Island Sunrise Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $194K (2020) to $764K (2024). In 2025 it made 1 grant totaling $704K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Schedule Various, VA | Charitable Donation | $703,500 |
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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 | $8,483,130 | $595,415 | $845,269 | $703,500 | 1 | $703,500 | $473,404 | $881,701 |
| 2024 | $8,732,984 | $1,386,773 | $880,918 | $764,000 | 1 | $764,000 | $1,276,130 | $853,720 |
| 2023 | $8,222,250 | $701,293 | $759,191 | $671,500 | 1 | $671,500 | $613,622 | $720,741 |
| 2022 | $7,209,219 | $103,227 | $706,987 | $625,500 | 1 | $625,500 | $55,637 | $665,274 |
| 2021 | $7,803,592 | $997,979 | $318,508 | $272,500 | 1 | $272,500 | $755,538 | $374,366 |
| 2020 | $1,221,645 | $499,099 | $217,967 | $193,500 | 1 | — | $210,920 | $135,178 |
Under IRS private-foundation payout rules, Island Sunrise Foundation Inc reported a distributable amount of $882K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Island Sunrise Foundation Inc is led by Magalen C Webert, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Magalen C Webert
President
On filings since 2020
5 hrs/week
No compensation reported
James W Webert
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Philip S Lawrence
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Island Sunrise Foundation Inc
How much does Island Sunrise Foundation Inc give each year?
Island Sunrise Foundation Inc gave $704K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $764K across 1 grant.
How large is Island Sunrise Foundation Inc?
Island Sunrise Foundation Inc reported $8.5M in total assets on its 2025 IRS Form 990-PF. It paid out $704K in qualifying distributions that year, against a required minimum of $882K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Island Sunrise Foundation Inc operate?
Island Sunrise Foundation Inc has awarded grants in Virginia.
What is Island Sunrise Foundation Inc's EIN?
Island Sunrise Foundation Inc's EIN (Employer Identification Number) is 38-3351882. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Island Sunrise Foundation Inc funds
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