The Carter Chapman Shreve Family Foundation
EIN 461299919 Private FoundationAbout
We respectfully request that THE CARTER CHAPMAN SHREVE FAMILY FOUNDATION's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $249 penalty indicated on Form 2220 be abated because the underpayment in Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $534K | $15.2M | $3.4M | 20 |
| 2017 | $614K | $17.8M | $1.8M | 21 |
| 2018 | $853K | $16.9M | $2.3M | 25 |
| 2020 | $1.8M | $22.2M | $2.0M | 26 |
| 2021 | $2.2M | $25.2M | $4.4M | 29 |
| 2022 | $2.7M | $20.9M | $2.6M | 32 |
| 2023 | $2.8M | $23.1M | $2.6M | 29 |
| 2024 | $2.9M | $24.4M | $2.8M | 26 |
Grant Size Distribution
Based on 208 grants on record
Geographic Distribution
Texas Counties Served
Top 2 counties
- 1 Bexar
- 2 Travis
Officers & Directors
Grants Awarded (208 total)
| Purpose | ||||
|---|---|---|---|---|
| Givedirectly Inc | New York, NY | $600,000 | COVID Support in US | 2020 |
| Givedirectly Inc | New York, NY | $600,000 | General & Unrestricted | 2024 |
| State University of IOWA Foundation | IOWA City, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2022 |
| State University of IOWA Foundation | IOWA City, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2021 |
| State University of IOWA Foundation | IOWA City, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2023 |
| Mercy Corps | Boone, IA | $500,000 | General & Unrestricted | 2024 |
| State University of IOWA Foundation | IOWA City, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2024 |
| Mercy Corps | Boone, IA | $450,000 | General & Unrestricted | 2023 |
| Givedirectly Inc | New York, NY | $400,000 | General & Unrestricted | 2022 |
| Givedirectly Inc | New York, NY | $400,000 | General & Unrestricted | 2023 |
| Mercy Corps | Boone, IA | $300,000 | General & Unrestricted | 2022 |
| Givedirectly Inc | New York, NY | $300,000 | General & Unrestricted | 2021 |
| Mercy Corps | Portland, OR | $250,000 | General & Unrestricted | 2020 |
| Mercy Corps | Boone, IA | $250,000 | General & Unrestricted | 2021 |
| Community Foundation | Boulder, CO | $200,000 | Wildfire Fund | 2022 |
| Givedirectly Inc | New York, NY | $200,000 | General & Unrestricted | 2020 |
| State University of IOWA Foundation | IOWA City, IA | $200,000 | Research of Terry Wahls | 2021 |
| Food Bank of the Rockies | Denver, CO | $200,000 | General & Unrestricted | 2024 |
| The Seattle Foundation | Seattle, WA | $200,000 | Milliman Giving Fund | 2024 |
| The Seattle Foundation | Seattle, WA | $150,000 | Milliman Giving Fund | 2022 |
| Food Bank of the Rockies | Denver, CO | $150,000 | General & Unrestricted | 2023 |
| Foundation for Individual Rights and Expression in | Philadelphia, PA | $150,000 | General & Unrestricted | 2023 |
| Givedirectly Inc | New York, NY | $150,000 | Turkey-Syria earthquake fund | 2023 |
| The Seattle Foundation | Seattle, WA | $150,000 | The Milliman Giving Fund | 2023 |
| Foundation for Individual Rights and Expression in | Philadelphia, PA | $150,000 | General & Unrestricted | 2024 |
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