Shipps Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $761K in total assets. In 2024, it awarded 4 grants totaling $30K. Net investment income was $84K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$761K
+7.3% YoY
Annual Giving
$30K
-18.9% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$8K
+21.6% YoY
Under IRS private-foundation payout rules, Shipps Foundation reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About Shipps Foundation
Based on IRS filings
Shipps Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $761K in total assets. In 2024, it awarded 4 grants totaling $30K. Net investment income was $84K.
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 | $761,298 | $709,213 | $721,286 |
| Revenue | $84,097 | $26,924 | $8,544 |
| Expenses | $32,018 | $38,994 | $37,122 |
| Qualifying Distributions | $32,006 | $38,991 | $35,638 |
| Net Investment Income | $83,989 | $26,921 | $9,151 |
| Distributable Amount | $47,683 | $42,093 | $43,483 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Museum of Modern Art ($10,000), Women's Prison Association ($10,000), Claremont Mckenna College ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLAREMONT MCKENNA COLLEGE CLAREMONT, CA | OPERATIONAL | $5,000 |
| MUSEUM OF MODERN ART NEW YORK, NY | OPERATIONAL | $10,000 |
| NEW YORK JUNIOR LEAGUE NEW YORK, NY | OPERATIONAL | $5,000 |
| WOMEN'S PRISON ASSOCIATION NEW YORK, NY | OPERATIONAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTINA DAVIS | PRESIDENT, DIRECTOR | 1 | — |
| V ALLISON DAVIS O'KEEFE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Shipps Foundation?
Shipps Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $761K in total assets as of 2024.
How large is Shipps Foundation?
As of 2024, Shipps Foundation holds $761K in total assets with $84K in annual revenue. It awarded 4 grants totaling $30K in 2024.
Where does Shipps Foundation operate?
Shipps Foundation has awarded grants in California, North Dakota, New York, Tennessee, Virginia.
What size grants does Shipps Foundation award?
In 2024, Shipps Foundation awarded 4 grants totaling $30K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Shipps Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Shipps Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Shipps Foundation's EIN?
Shipps Foundation's EIN (Employer Identification Number) is 13-4090870. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Shipps 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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