Chime Scholars Foundation
EIN 881599060 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending June 30, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $796,000. This amount represents 25% or more of the Foundation's net assets of $1,422,133 (as measured by fair market value) at the beginning of the Foundation's taxable year ending June 30, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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 |
|---|---|---|---|---|
| 2023 | $664K | $1.4M | $1.5M | 10 |
| 2024 | $796K | $1.7M | $1.2M | 87 |
Grant Size Distribution
Based on 97 grants on record
Geographic Distribution
Texas Counties Served
Top 3 counties
- 1 Dallas
- 2 Bexar
- 3 Taylor
Officers & Directors
Grants Awarded (97 total)
| Purpose | ||||
|---|---|---|---|---|
| Hispanic Association of Colleges and Universities | San Antonio, TX | $130,000 | General & Unrestricted | 2023 |
| Thurgood Marshall College Fund Inc | Washington, DC | $118,000 | General & Unrestricted | 2023 |
| Oakland Promise | Oakland, CA | $100,000 | General & Unrestricted | 2023 |
| Scholarshot | Dallas, TX | $100,000 | Chime Scholars Foundation Scholarship fund | 2023 |
| Kipp Metro Atlanta Collaborative Inc | Atlanta, GA | $85,000 | Establishing the "KIPP-Chime Campus Ambassador Scholars" Scholarship Fund | 2024 |
| Scholarshot | Dallas, TX | $80,000 | Continuing support for Scholarship Fund | 2024 |
| Achieve Atlanta Inc | Atlanta, GA | $68,250 | completion scholarship fund | 2023 |
| University of Texas at Dallas | Richardson, TX | $60,000 | Establishing the "Chime Scholarship" program for UT Texas transfer students | 2024 |
| The New York Opportunity Network Inc | New York, NY | $55,000 | Establishing the "Chime Scholarship" fund | 2024 |
| Uaspire Inc | Oakland, CA | $55,000 | Establishing the "Chime Scholarship" fund | 2024 |
| University of Texas at Dallas | Richardson, TX | $50,000 | Chime Scholars | 2023 |
| University of Texas at Dallas | Richardson, TX | $40,000 | scholarship fund | 2023 |
| Bay Area Hybrid College Initiative | Richmond, CA | $40,000 | Establishing the "Chime Scholarship" fund | 2024 |
| Beyond 12 Education Inc | Oakland, CA | $32,500 | Coaching Services | 2024 |
| The Memorial Foundation | Washington, DC | $29,000 | Chime Scholars Scholarship Fund | 2024 |
| Achieve Atlanta Inc | Atlanta, GA | $26,250 | General & Unrestricted | 2023 |
| The Memorial Foundation | Washington, DC | $24,500 | General & Unrestricted | 2023 |
| Urban Strategies Council | Oakland, CA | $20,000 | BIZ Stoop | 2024 |
| The Bottom Line Inc | Boston, MA | $15,000 | Chime Scholarship Program | 2024 |
| Columbus State Community College Development Found | Columbus, OH | $7,500 | student certificate scholarship fund | 2023 |
| Karol Olivia Perez | Berkeley, CA | $5,000 | Scholarship Grant | 2024 |
| Andrea Saravia | Abilene, TX | $5,000 | Scholarship Grant | 2024 |
| Hayden Z Carranza | San Luis Obispo, CA | $5,000 | Scholarship Grant | 2024 |
| Comie Sotio | San Rafael, CA | $5,000 | Scholarship Grant | 2024 |
| Christina Pham | Cupertino, CA | $5,000 | Scholarship Grant | 2024 |
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