Shore Capital Charitable Foundation
Shore Capital Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $79K in total assets. In 2024, it made $4K in qualifying distributions.
Key facts about Shore Capital Charitable Foundation
- EIN
- 84-5187975
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $79,457
Data from IRS Form 990-PF, 2024; updated September 2026.
How Shore Capital Charitable Foundation gives
- Giving fell 89% from 2020 to 2023. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Shore Capital Charitable Foundation
- How to evaluate Shore Capital Charitable Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79K
-5.2% YoY
Revenue
—
-100.0% YoY
Qualifying Distributions
$4K
-93.3% YoY
Expenses
$4K
-93.3% YoY
Under IRS private-foundation payout rules, Shore Capital Charitable Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Shore Capital Charitable Foundation
Based on IRS filings
Shore Capital Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $79K in total assets. In 2024, it made $4K in qualifying distributions.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,457 | $83,812 | $37,692 |
| Revenue | — | $111,135 | $74,245 |
| Expenses | $4,355 | $65,015 | $154,025 |
| Qualifying Distributions | $4,355 | $65,015 | $153,910 |
| Net Investment Income | — | — | — |
| Distributable Amount | $4,062 | $1,010 | $3,705 |
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 0 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Shore Capital Charitable Foundation is led by Justin Ishbia, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Justin Ishbia
President
On filings since 2020
5 hrs/week
No compensation reported
Tom Smithburg
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Shore Capital Charitable Foundation?
Shore Capital Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $79K in total assets as of 2024.
How large is Shore Capital Charitable Foundation?
As of 2024, Shore Capital Charitable Foundation holds $79K in total assets.
Where does Shore Capital Charitable Foundation operate?
Shore Capital Charitable Foundation has awarded grants in Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Louisiana, Maryland, Michigan, Minnesota, Ohio, Oregon, Tennessee, Texas, Washington, Wisconsin.
How much is Shore Capital Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Shore Capital Charitable Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Shore Capital Charitable Foundation's EIN?
Shore Capital Charitable Foundation's EIN (Employer Identification Number) is 84-5187975. 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.