The Chris and Carrie Shumway Foundation
The Chris and Carrie Shumway Foundation is a private foundation based in New York, NY. Established by Chris Shumway, managing partner of Shumway Capital, and his wife, Carrie, it focuses a significant portion of its philanthropy on organizations with potential for lasting, scalable impact.
Key facts about The Chris and Carrie Shumway Foundation
In short: The Chris and Carrie Shumway Foundation gave $7.4M across 9 grants in 2024 (avg $826K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 06-6556405
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,431,000
- Grants made (2024)
- 9
- Average grant
- $825,667
- Median grant
- $50,000
- Total assets
- $2,085,261
- Primary geography
- Massachusetts (63% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-70.0% YoY
Annual Giving
$7.4M
-7.0% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$826K
+3.4% YoY
Under IRS private-foundation payout rules, The Chris and Carrie Shumway Foundation reported a distributable amount of $289K for 2024 — the minimum it must pay out in qualifying distributions.
How The Chris and Carrie Shumway Foundation gives
- Giving fell 33% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s stated objective is to enhance and equalize educational opportunities for all students. It funds organizations and institutions working to reduce disparities in educational outcomes between low-income and high-income students, and supports access to high-quality teachers and schools at every education level.
Its approach includes partnering with organizations that seek to improve student achievement, support teachers and leaders, develop replicable and sustainable models, and remove barriers to education reform and high-quality education. Beyond education, it supports targeted work in areas such as self-empowerment and social services.
The foundation’s 2024 grantees included organizations with varied missions. The Charlotte Hornets Foundation describes its work as supporting community efforts that enrich the lives of people in need, especially children and youth in the Charlotte area. Oxbridge Academy Foundation says it aims to empower students through its curriculum, environment, and faculty. The Tiny Miracles Foundation describes its work as supporting families of premature infants in Fairfield and New Haven Counties, Connecticut.
Grantmaking
In 2024, the foundation reported 9 grants totaling $7,431,000. Grant amounts ranged from $10,000 to $4,125,000, with a median of $50,000.
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Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars were reported as distributed among recipients in Massachusetts (63%), Virginia (34%), and North Carolina, Florida, and Tennessee (1% each). The largest 2024 grants went to organizations in Massachusetts and Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $7.4M (2024) to $11.0M (2021). In 2024 it made 9 grants totaling $7.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Harvard University ($4.1M). Together the top 9 received $7.4M.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 12 grants of 39 (31%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard University Cambridge, MA | Undergraduate, graduate, and professional education and research across a broad array of academic domains. | $4,125,000 |
| University of Virginia Charlottesville, VA | To provide administrative services to university entities, university associated organizations, or other entitiesinvolved in activities which support the university. To engage in matters pertaining to real property for the benefitof the university. To that end, the foundation shall engage in real estate activities for one or more of thefollowing reasons: to support the university's primary programs; to provide an investment return; to provide forthe real estate needs of the university for the next 100 years; and to improve the university's boundaries andentrances. To use and administer gifts, grants, bequests, and devises for the benefit of the university. | $2,550,000 |
| Deerfield Academy Deerfield, MA | Deerfield academy is an independent secondary school committed to high standards of scholarship, citizenship, and personal responsibility. Through a rigorous liberal arts curriculum, extensive co-curricular program, and supportive residential environment, deerfield encourages each student to develop an inquisitive and creative mind, sound body, and strong moral character. | $526,000 |
| Charlotte Hornets Foundation Charlotte, NC | The foundation supports the enrichment of those in need, especially (continued in sch 0) children, in the charlotte area through community outreach and supporting other orgs with similar goals. | $100,000 |
| Oxbridge Academy Foundation Inc West Palm Beach, FL | To empower students through a distinctive curriculum an enriching environment and an expert faculty to navigate through their educational journey | $50,000 |
| Vanderbilt University Nashville, TN | Is a center for scholarly research informed and creative teaching and service to the community and society at large | $50,000 |
| The Tiny Miracles Foundation Darien, CT | Dedicated to helping families of premature infants in fairfield and new Haven counties, Connecticut by providing support. | $10,000 |
| Rise for REW West Palm Beach, FL | Supports sudden infant death syndrome research and organizations offering support for families who have experienced the loss of a child | $10,000 |
| The B Robert Williamson Jr Foundation New York, NY | The foundation will provide financial support in the form of charitable contributions to non-profit organizations that focuses on education and empowerment of young people | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grants |
|---|---|---|---|---|---|
| 2024 | $2,085,261 | $1,663,219 | $7,541,598 | $7,431,000 | 9 |
| 2023 | $6,953,356 | $8,112,160 | $8,017,219 | $7,988,500 | 10 |
| 2022 | $8,383,724 | $7,719,824 | $9,283,017 | $9,232,500 | 9 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,085,261 | $6,953,356 | $8,383,724 |
| Revenue | $1,663,219 | $8,112,160 | $7,719,824 |
| Expenses | $7,541,598 | $8,017,219 | $9,283,017 |
| Qualifying Distributions | $7,431,000 | $7,988,500 | $9,232,500 |
| Net Investment Income | $2,570,861 | $3,157,273 | $2,298,608 |
| Distributable Amount | $288,521 | $457,557 | $977,464 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Chris Shumway and Carrie Shumway are listed as trustees.
The Chris and Carrie Shumway Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carrie Shumway
Trustee
On filings since 2020
1 hr/week
No compensation reported
Chris Shumway
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 1177 Avenue Of The Americas 18Th F, New York, NY 10036
Phone: (646) 213-5100
Website: https://shumwayfoundation.org
Frequently asked questions about The Chris and Carrie Shumway Foundation
How much does The Chris and Carrie Shumway Foundation give each year?
The Chris and Carrie Shumway Foundation gave $7.4M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8.0M across 10 grants.
What is The Chris and Carrie Shumway Foundation's typical grant size?
The Chris and Carrie Shumway Foundation's median grant in 2024 was $50,000, and its average grant was $825,667, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Chris and Carrie Shumway Foundation give grants?
The Chris and Carrie Shumway Foundation gives mostly in Massachusetts: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (34%). The most frequent recipient cities were West Palm Beach, FL (2 grants).
Does The Chris and Carrie Shumway Foundation give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on The Chris and Carrie Shumway Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Chris and Carrie Shumway Foundation's largest grantees?
The Chris and Carrie Shumway Foundation's largest 2024 grantees include Harvard University ($4,125,000), University of Virginia ($2,550,000) and Deerfield Academy ($526,000), according to its 2024 IRS Form 990-PF. Together they received 97% of its itemized 2024 grant dollars.
How large is The Chris and Carrie Shumway Foundation?
The Chris and Carrie Shumway Foundation reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $7.4M in qualifying distributions that year, against a required minimum of $289K (roughly 5% of its investment assets).
What does The Chris and Carrie Shumway Foundation fund?
The foundation’s stated objective is to enhance and equalize educational opportunities for all students. See mission & focus areas ↑
How do I apply for a grant from The Chris and Carrie Shumway Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Chris and Carrie Shumway Foundation's EIN?
The Chris and Carrie Shumway Foundation's EIN (Employer Identification Number) is 06-6556405. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Chris and Carrie Shumway Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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