Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

GARNET TRUST FOUNDATION is a philanthropic and web-based media organization focused on helping promote, support, and advance charitable organizations and causes, educating the public, and generating community impact through the name-image-likeness and notoriety of University of South Carolina student-athletes. In 2024, it reported an operating budget of $3.7M and total revenue of $4.7M, with top funders including CENTRAL CAROLINA COMMUNITY FOUNDATION ($140K, 2024), THE COMMUNITY FOUNDATION FOR GREATER ATLANTA INC ($100K, 2023), and BIGNON FAMILY FOUNDATION ($40K, 2024).

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
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  • 12 funders
  • 11 board & team members
  • 2 historic 990s & financials
  • 6-year operating budget trend
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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.