The Chris and Carrie Shumway Foundation
The Chris and Carrie Shumway Foundation is a private grantmaking foundation established in December 2006 by Chris Shumway, Managing Partner of Shumway Capital (a growth equity investment firm), and his wife Carrie. Based in Greenwich, Connecticut, the foundation operates as a 501(c)(3) charitable organization with headquarters at 28 Havemeyer Place, Greenwich, CT 06830, and additional offices at 1177 Avenue of The Americas, 18th Floor, New York, NY 10036.
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.
Mission & Focus Areas
The foundation's primary objective is to enhance and equalize the educational landscape for all students. The foundation funds organizations and institutions committed to reducing the disparity of educational outcomes between low-income and high-income students, with a vision that all students receive quality education, reach their full potential, and break the cycle of poverty.
The foundation's approach focuses on identifying and supporting programs that improve education in underserved communities. It partners with organizations and providers offering innovative programs and services that improve student achievement and promote successful teachers and leaders. The foundation also partners with organizations seeking to remove barriers to educational reform efforts and the delivery of high-quality education.
Beyond education, the foundation makes targeted investments in organizations seeking to create lasting positive impact in areas including self-empowerment and social services.
Grantmaking
The foundation does not operate formal grant programs with published application guidelines. The foundation maintains an invitation-only approach to grantmaking.
Grant Range
** Grants vary widely, with major gifts documented at $25 million.
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Geographic Focus
Where this funder awards grants
The foundation has a national geographic focus with emphasis on Connecticut and major university partnerships.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $6,953,356
- Total Revenue: $8,112,160
- Total Expenses: $8,017,219
- Total Liabilities: $0
- Number of Employees: 0
As of 2022:
- Total Assets: $8,400,000
- Total Revenue: $7,700,000
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvard University ($4,125,000), University of Virginia ($2,550,000), Deerfield Academy ($526,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| HARVARD UNIVERSITY CAMBRIDGE, MA | UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS. | $4,125,000 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Chris Shumway - Trustee and Founder
- Carrie Shumway - Trustee and Founder
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRIS SHUMWAY | TRUSTEE | 1 | — |
| CARRIE SHUMWAY | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation announced a $25 million gift to Harvard Business School and Harvard's Department of Stem Cell and Regenerative Biology to support leadership in life sciences programs.
HBS and Harvard\u2019s Department of Stem Cell and Regenerative Biology\The foundation donated $25 million to the University of Virginia's McIntire School of Commerce for an innovative new building and program.
HSCRB and Harvard Business School receive $25 million gift from Chris and**Contact Information:**
Email: grants@shumwayfoundation.org
Website: www.shumwayfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Chris and Carrie Shumway Foundation fund?
The foundation's primary objective is to enhance and equalize the educational landscape for all students. The foundation funds organizations and institutions committed to reducing the disparity of educational outcomes between low-income and high-income students, with a vision that all students receive quality education, reach their full potential, and break the cycle of poverty. The foundation's approach focuses on identifying and supporting programs that improve education in underserved commun…
How do I apply for a grant from The Chris and Carrie Shumway Foundation?
The foundation does not operate formal grant programs with published application guidelines. The foundation maintains an invitation-only approach to grantmaking. **Grant Range:** Grants vary widely, with major gifts documented at $25 million. **Recent Major Grants (2023):** • Harvard University: $4,125,000 for undergraduate, graduate, and professional education and research across academic domains • University of Arizona Foundation: $250,000 • Year Up: Grant amount documented in records **Annua…
Where does The Chris and Carrie Shumway Foundation make grants?
The foundation has a national geographic focus with emphasis on Connecticut and major university partnerships.
What size grants does The Chris and Carrie Shumway Foundation award?
In 2024, The Chris and Carrie Shumway Foundation awarded 9 grants totaling $7.4M — an average of about $826K per grant, based on its IRS Form 990 filings.
How much is The Chris and Carrie Shumway Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Chris and Carrie Shumway Foundation reported a distributable amount of $289K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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