The Carter Chapman Shreve Family Foundation
(3 yrs)
About
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 |
|---|---|---|---|---|
| 2018 | N/A | $16.9M | $2.3M | N/A |
| 2020 | N/A | $22.2M | $2.0M | N/A |
| 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 87 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| Courtney Chapman | Dir, Sec | — |
| Carter Shreve | Dir | — |
| Jonathan L Shreve | Pres, Dir | — |
Grants Awarded (87 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| GIVEDIRECTLY INC | NEW YORK, NY | $600,000 | General & Unrestricted | 2024 |
| STATE UNIVERSITY OF IOWA FOUNDATION | IOWA CITY, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2024 |
| STATE UNIVERSITY OF IOWA FOUNDATION | IOWA CITY, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2022 |
| MERCY CORPS | BOONE, IA | $500,000 | General & Unrestricted | 2024 |
| STATE UNIVERSITY OF IOWA FOUNDATION | IOWA CITY, IA | $500,000 | Wahls Therapeutic Lifestyle Fund | 2023 |
| 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 |
| THE SEATTLE FOUNDATION | SEATTLE, WA | $200,000 | Milliman Giving Fund | 2024 |
| COMMUNITY FOUNDATION | BOULDER, CO | $200,000 | Wildfire Fund | 2022 |
| FOOD BANK OF THE ROCKIES | DENVER, CO | $200,000 | General & Unrestricted | 2024 |
| FOOD BANK OF THE ROCKIES | DENVER, CO | $150,000 | General & Unrestricted | 2023 |
| THE SEATTLE FOUNDATION | SEATTLE, WA | $150,000 | Milliman Giving Fund | 2022 |
| THE SEATTLE FOUNDATION | SEATTLE, WA | $150,000 | The Milliman Giving Fund | 2023 |
| GIVEDIRECTLY INC | NEW YORK, NY | $150,000 | Turkey-Syria earthquake fund | 2023 |
| FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION IN | PHILADELPHIA, PA | $150,000 | General & Unrestricted | 2023 |
| FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION IN | PHILADELPHIA, PA | $150,000 | General & Unrestricted | 2024 |
| ACTUARIAL FOUNDATION | SCHAUMBURG, IL | $125,000 | General & Unrestricted | 2023 |
| WORD GAME PLAYERS ORGANIZATION | MINNEAPOLIS, MN | $100,000 | General & Unrestricted | 2022 |
| STATE UNIVERSITY OF IOWA FOUNDATION | IOWA CITY, IA | $100,000 | Research of Terry Wahls | 2022 |
| GIVEDIRECTLY INC | NEW YORK, NY | $100,000 | Hurricane Ian support | 2022 |
| STATE UNIVERSITY OF IOWA FOUNDATION | IOWA CITY, IA | $100,000 | Reseach of Terry Wahls fund | 2023 |
| CARLETON COLLEGE | NORTHFIELD, MN | $100,000 | General & Unrestricted | 2022 |
| FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION IN | PHILADELPHIA, PA | $100,000 | General & Unrestricted | 2022 |