The Sharp Foundation
The Sharp Foundation is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $1.4M. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+47.7% YoY
Annual Giving
$1.4M
-14.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.4M
-14.6% YoY
Under IRS private-foundation payout rules, The Sharp Foundation reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About The Sharp Foundation
Based on IRS filings
The Sharp Foundation is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $1.4M. Net investment income was $90K.
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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 | $2,219,918 | $1,502,848 | $173,744 |
| Revenue | $2,135,549 | $2,940,023 | $23,095 |
| Expenses | $1,379,229 | $1,610,919 | $1,515,573 |
| Qualifying Distributions | $1,379,229 | $1,610,919 | $1,515,573 |
| Net Investment Income | $90,390 | $290,112 | $10,595 |
| Distributable Amount | $61,632 | $11,013 | $48,349 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Schedule ($1,368,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE VARIOUS, VA | See Attached | $1,368,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sherry A Sharp | President | 1 | — |
| James P Karides | Secty/Treas | 1 | — |
Frequently Asked Questions
How large is The Sharp Foundation?
As of 2024, The Sharp Foundation holds $2.2M in total assets with $2.1M in annual revenue. It awarded 1 grants totaling $1.4M in 2024.
Where does The Sharp Foundation operate?
The Sharp Foundation has awarded grants in Virginia.
What size grants does The Sharp Foundation award?
In 2024, The Sharp Foundation awarded 1 grants totaling $1.4M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
How much is The Sharp Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sharp Foundation reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sharp Foundation's EIN?
The Sharp Foundation's EIN (Employer Identification Number) is 54-1526891. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sharp 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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