Skylight Foundation Inc is a private foundation focused on Education, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $20.5M in total assets. In 2023, it awarded 3 grants totaling $1.4M. Net investment income was $619K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$20.5M
-1.0% YoY
Annual Giving
$1.4M
+2645.2% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$475K
+1730.1% YoY
Under IRS private-foundation payout rules, Skylight Foundation Inc reported a distributable amount of $326K for 2023 — the minimum it must pay out in qualifying distributions.
About Skylight Foundation Inc
Based on IRS filings
Skylight Foundation Inc is a private foundation focused on Education, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $20.5M in total assets. In 2023, it awarded 3 grants totaling $1.4M. Net investment income was $619K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $20,483,325 | $20,686,328 | $11,173,298 |
| Revenue | $878,522 | $10,982,237 | $608,809 |
| Expenses | $2,351,847 | $897,773 | $442,455 |
| Qualifying Distributions | $1,996,826 | $51,909 | — |
| Net Investment Income | $619,256 | $10,275,515 | $131,490 |
| Distributable Amount | $325,743 | $173,529 | $192,828 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Woodstock Street Foundation Inc ($1,250,000), Ongava Research Center ($125,000), Woodmere Art Museum ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WOODMERE ART MUSEUM PHILADELPHIA, PA | VARIOUS | $50,000 |
| ONGAVA RESEARCH CENTER | VARIOUS | $125,000 |
| WOODSTOCK STREET FOUNDATION INC PHILADELPHIA, PA | VARIOUS | $1,250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA D KABNICK | PRESIDENT | 5 | — |
| JOHN H MCFADDEN | CHAIR/SEC/TREAS | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Skylight Foundation Inc?
Skylight Foundation Inc is a private foundation focused on Education, based in WILMINGTON, DE. It holds $20.5M in total assets as of 2023.
How large is Skylight Foundation Inc?
As of 2023, Skylight Foundation Inc holds $20.5M in total assets with $879K in annual revenue. It awarded 3 grants totaling $1.4M in 2023.
Where does Skylight Foundation Inc operate?
Skylight Foundation Inc has awarded grants in Pennsylvania.
What size grants does Skylight Foundation Inc award?
In 2023, Skylight Foundation Inc awarded 3 grants totaling $1.4M — an average of about $475K per grant, based on its IRS Form 990 filings.
How much is Skylight Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Skylight Foundation Inc reported a distributable amount of $326K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Skylight Foundation Inc's EIN?
Skylight Foundation Inc's EIN (Employer Identification Number) is 20-4281816. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Skylight Foundation Inc'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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