Skylight Foundation Inc

Foundation · Grantmaker WILMINGTON, DE EIN: 20-4281816

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

+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

Focus Areas

Education

Your AI grants department

Ready to take the next step with Skylight Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $1.4M (100%)

States

Pennsylvania

Cities

EastonPhiladelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Education

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.