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  4. Eight Torches Foundation
EIN 82-3337600

Eight Torches Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
Delaware
Year formed
2018
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Eight Torches Foundation is a corporate foundation based in Wilmington, DE, under Solution Tree Inc from Bloomington, IN. It primarily funds general and unrestricted initiatives, including the Kenya office fund. The foundation aims to support public welfare through income earned from program-related investments, with a specific focus on poverty alleviation. Last year, it made nine grants to various grantees, including The Navigators.
Total revenues
$1,374,819
2023
Total expenses
$1,250,902
2023
Total assets
$3,044,360
2023
Num. employees
0
2023

Program areas at Eight Torches Foundation

Income earned from program related investment to support the public welfare with a focus on poverty alleviation.

Grants made by Eight Torches Foundation

GranteeGrant descriptionAmount
The Bowery MissionGeneral & Unrestricted$200,000
Pulse OutreachGeneral & Unrestricted$100,000
Wheeler Mission MinistriesGeneral & Unrestricted$50,000
...and 5 more grants made

Personnel at Eight Torches Foundation

NameTitle
Dg ElmorePresident

Financials for Eight Torches Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,300,000
Investment income and dividends$56,618
Net rental income$0
Net gain from sale of non-inventory assets$-12,427
Gross sales of inventory$0
Miscellaneous revenues$30,628
Total revenues$1,374,819

Form 990s for Eight Torches Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990PFView PDF
2022-122023-08-08990PFView PDF
2021-122022-10-20990PFView PDF
2020-122021-11-09990PFView PDF
2019-122020-12-02990PFView PDF
...and 1 more Form 990

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Gay and Erskine Love FoundationAtlanta, GA$1,500,000
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Data update history
September 24, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 6, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 28, 2023
Updated personnel
Identified 2 new personnel
August 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Phone
(800) 839-1754
IRS details
EIN
82-3337600
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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