South Channel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANTHEM, AZ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $151K in total assets. In 2024, it awarded 2 grants totaling $8K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$151K
+48.8% YoY
Annual Giving
$8K
+166.7% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$4K
+33.3% YoY
Under IRS private-foundation payout rules, South Channel Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About South Channel Foundation
Based on IRS filings
South Channel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANTHEM, AZ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $151K in total assets. In 2024, it awarded 2 grants totaling $8K. Net investment income was $5K.
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 | $151,002 | $101,512 | $46,366 |
| Revenue | $58,068 | $50,123 | $51,677 |
| Expenses | $8,234 | $3,285 | $2,850 |
| Qualifying Distributions | $8,234 | $3,285 | $2,850 |
| Net Investment Income | $5,245 | $2,588 | $1,177 |
| Distributable Amount | $7,659 | $4,657 | $1,785 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include SS Downtown Inc ($4,000), Harsens Island St Clair Flats Asn ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SS Downtown Inc San Souci, MI | Water conservation | $4,000 |
| Harsens Island St Clair Flats Asn Harsens Island, MI | Water conservation and Browne Field improvements. | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Douglas McDermott | Chief Executive Officer | 1 | — |
| Theodore Sarns | Director | — | — |
| Deborah McDermott | Director | — | — |
| Dean Sarns | Director | — | — |
| Conrad McDermott | Director | — | — |
| Ethan McDermott | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is South Channel Foundation?
South Channel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANTHEM, AZ. It holds $151K in total assets as of 2024.
How large is South Channel Foundation?
As of 2024, South Channel Foundation holds $151K in total assets with $58K in annual revenue. It awarded 2 grants totaling $8K in 2024.
Where does South Channel Foundation operate?
South Channel Foundation has awarded grants in Michigan.
What size grants does South Channel Foundation award?
In 2024, South Channel Foundation awarded 2 grants totaling $8K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is South Channel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, South Channel Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is South Channel Foundation's EIN?
South Channel Foundation's EIN (Employer Identification Number) is 88-0789946. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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