Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

GARNET TRUST FOUNDATION is a nonprofit focused on web-based media and philanthropy, with a mission to promote, support, and advance charitable organizations and causes while educating the public and making community impacts through the name-image-likeness and notoriety of University of South Carolina student-athletes. In filing year 2024, it reported a $3.7M operating budget and $4.7M in total revenue, with funding from organizations including CENTRAL CAROLINA COMMUNITY FOUNDATION, THE COMMUNITY FOUNDATION FOR GREATER ATLANTA INC, MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC, DONOR ADVISED CHARITABLE GIVING INC, and BIGNON FAMILY FOUNDATION; no single funder is identified as providing 50% or more of revenue.

Mission Statement

TO HELP PROMOTE, SUPPORT, AND ADVANCE CHARITABLE ORGANIZATIONS AND CAUSES, EDUCATE THE GENERAL PUBLIC REGARDING THESE CHARTIABLE ORGANIZATIONS AND CAUSES, AND TO MAKE POSITIVE IMPACTS ON COMMUNITIES, BY UTILIZING THE NAME-IMAGE-LIKENESS AND NOTORIETY OF UNIVERSITY OF SOUTH CAROLINA STUDNET-ATHLETES.
Revenues
$4.7M
Expenses
$4.5M
Net Income:
+$130.6K
Assets
$113.2K
Liabilities
$0
Net Assets:
+$113.2K
Operating Budget
$3.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
8
Median grant size
$25K
Largest grant received
$100K
B
Barry Bodiford
Board Member
R
Richard Kay
Board Member
S
Scat Scaturro
Board Member

Frequently Asked Questions

What is GARNET TRUST FOUNDATION’s budget?
In 2024, GARNET TRUST FOUNDATION reported an annual operating budget of around $3.7 million. More detailed financial information is available to registered users.
What causes does GARNET TRUST FOUNDATION support?
GARNET TRUST FOUNDATION supports work in Web-based media and Philanthropy.
Where does GARNET TRUST FOUNDATION operate?
GARNET TRUST FOUNDATION is headquartered in Columbia, SC.
Who funded GARNET TRUST FOUNDATION recently?
In 2024, GARNET TRUST FOUNDATION received grants from MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC, DONOR ADVISED CHARITABLE GIVING INC, and CENTRAL CAROLINA COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant GARNET TRUST FOUNDATION received in 2024?
The largest grant to GARNET TRUST FOUNDATION in 2024 exceeds $100 thousand.