Sumner M Redstone Charitable Foundation
Sumner M Redstone Charitable Foundation is a private foundation focused on Arts and culture, based in CHESTNUT HILL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $57.4M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $3.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$57.4M
+3.1% YoY
Annual Giving
$1.0M
-33.3% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$500K
-66.7% YoY
Under IRS private-foundation payout rules, Sumner M Redstone Charitable Foundation reported a distributable amount of $3.2M for 2024 — the minimum it must pay out in qualifying distributions.
About Sumner M Redstone Charitable Foundation
Based on IRS filings
Sumner M Redstone Charitable Foundation is a private foundation focused on Arts and culture, based in CHESTNUT HILL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $57.4M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $3.0M.
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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 | $57,387,952 | $55,658,429 | $56,446,560 |
| Revenue | $3,444,428 | $1,189,334 | $5,653,910 |
| Expenses | $1,707,084 | $1,974,186 | $4,692,771 |
| Qualifying Distributions | $1,237,570 | $1,570,999 | $4,323,741 |
| Net Investment Income | $2,974,914 | $1,361,122 | $718,627 |
| Distributable Amount | $3,210,304 | $2,900,395 | $2,535,513 |
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
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Connecticut ($500,000), Campus Without Walls Inc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF CONNECTICUT STORRS MANSFIELD, CT | GENERAL | $500,000 |
| CAMPUS WITHOUT WALLS INC MATTAPAN, MA | GENERAL | $500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARI REDSTONE | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sumner M Redstone Charitable Foundation?
Sumner M Redstone Charitable Foundation is a private foundation focused on Arts and culture, based in CHESTNUT HILL, MA. It holds $57.4M in total assets as of 2024.
How large is Sumner M Redstone Charitable Foundation?
As of 2024, Sumner M Redstone Charitable Foundation holds $57.4M in total assets with $3.4M in annual revenue. It awarded 2 grants totaling $1.0M in 2024.
Where does Sumner M Redstone Charitable Foundation operate?
Sumner M Redstone Charitable Foundation has awarded grants in California, Connecticut, Massachusetts.
What size grants does Sumner M Redstone Charitable Foundation award?
In 2024, Sumner M Redstone Charitable Foundation awarded 2 grants totaling $1.0M — an average of about $500K per grant, based on its IRS Form 990 filings.
How much is Sumner M Redstone Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sumner M Redstone Charitable Foundation reported a distributable amount of $3.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sumner M Redstone Charitable Foundation's EIN?
Sumner M Redstone Charitable Foundation's EIN (Employer Identification Number) is 22-2761621. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sumner M Redstone Charitable 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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