The Choptank Foundation
The Choptank Foundation is a private foundation, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.3M in total assets. In 2024, it awarded 2 grants totaling $460K. Net investment income was $876K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.3M
+4.6% YoY
Annual Giving
$460K
-5.3% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$230K
+42.1% YoY
Under IRS private-foundation payout rules, The Choptank Foundation reported a distributable amount of $506K for 2024 — the minimum it must pay out in qualifying distributions.
About The Choptank Foundation
Based on IRS filings
The Choptank Foundation is a private foundation, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.3M in total assets. In 2024, it awarded 2 grants totaling $460K. Net investment income was $876K.
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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 | $9,285,472 | $8,876,741 | $8,860,217 |
| Revenue | $953,845 | $577,668 | $130,527 |
| Expenses | $545,114 | $561,144 | $157,758 |
| Qualifying Distributions | $461,593 | $487,236 | $478,534 |
| Net Investment Income | $876,324 | $509,760 | $57,915 |
| Distributable Amount | $506,240 | $455,176 | $484,923 |
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
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Biggs Museum of American Art ($450,000), Delaware Art Mueseum ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIGGS MUSEUM OF AMERICAN ART DOVER, DE | TO SUPPORT THE MUSEUM'S EXHIBITIONS. | $450,000 |
| DELAWARE ART MUESEUM WILMINGTON, DE | TO SUPPORT THE MUSEUM'S EXHIBITIONS. | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL RATCHFORD | TRUSTEE, PRESIDENT PART-TI | 1 | — |
| GLENN C KENTON | TRUSTEE, VICE PRESIDENT PA | 1 | — |
| THOMAS R PULSIFER | TRUSTEE, SEC & TREAS PART- | 1 | — |
Frequently Asked Questions
How large is The Choptank Foundation?
As of 2024, The Choptank Foundation holds $9.3M in total assets with $954K in annual revenue. It awarded 2 grants totaling $460K in 2024.
Where does The Choptank Foundation operate?
The Choptank Foundation has awarded grants in Delaware.
What size grants does The Choptank Foundation award?
In 2024, The Choptank Foundation awarded 2 grants totaling $460K — an average of about $230K per grant, based on its IRS Form 990 filings.
How much is The Choptank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Choptank Foundation reported a distributable amount of $506K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Choptank Foundation's EIN?
The Choptank Foundation's EIN (Employer Identification Number) is 51-6019601. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Choptank 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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