The Chris and Carrie Shumway Foundation
The Chris and Carrie Shumway Foundation is a private grantmaking foundation established in December 2006 by Chris Shumway, Managing Partner of Shumway Capital (a growth equity investment firm), and his wife Carrie. Based in Greenwich, Connecticut, the foundation operates as a 501(c)(3) charitable organization with headquarters at 28 Havemeyer Place, Greenwich, CT 06830, and additional offices at 1177 Avenue of The Americas, 18th Floor, New York, NY 10036.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-70.0% YoY
Annual Giving
$7.4M
-7.0% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$826K
+3.4% YoY
Mission & Focus Areas
The foundation's primary objective is to enhance and equalize the educational landscape for all students. The foundation funds organizations and institutions committed to reducing the disparity of educational outcomes between low-income and high-income students, with a vision that all students receive quality education, reach their full potential, and break the cycle of poverty.
The foundation's approach focuses on identifying and supporting programs that improve education in underserved communities. It partners with organizations and providers offering innovative programs and services that improve student achievement and promote successful teachers and leaders. The foundation also partners with organizations seeking to remove barriers to educational reform efforts and the delivery of high-quality education.
Beyond education, the foundation makes targeted investments in organizations seeking to create lasting positive impact in areas including self-empowerment and social services.
Grantmaking
The foundation does not operate formal grant programs with published application guidelines. The foundation maintains an invitation-only approach to grantmaking.
Grant Range
** Grants vary widely, with major gifts documented at $25 million.
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Geographic Focus
Where this funder awards grants
The foundation has a national geographic focus with emphasis on Connecticut and major university partnerships.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $6,953,356
- Total Revenue: $8,112,160
- Total Expenses: $8,017,219
- Total Liabilities: $0
- Number of Employees: 0
As of 2022:
- Total Assets: $8,400,000
- Total Revenue: $7,700,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,085,261 | $6,953,356 | $8,383,724 |
| Revenue | $1,663,219 | $8,112,160 | $7,719,824 |
| Expenses | $7,541,598 | $8,017,219 | $9,283,017 |
| Qualifying Distributions | $7,431,000 | $7,988,500 | $9,232,500 |
| Net Investment Income | $2,570,861 | $3,157,273 | $2,298,608 |
| Distributable Amount | $288,521 | $457,557 | $977,464 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Chris Shumway - Trustee and Founder
- Carrie Shumway - Trustee and Founder
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRIS SHUMWAY | TRUSTEE | 1 | — |
| CARRIE SHUMWAY | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation announced a $25 million gift to Harvard Business School and Harvard's Department of Stem Cell and Regenerative Biology to support leadership in life sciences programs.
HBS and Harvard\u2019s Department of Stem Cell and Regenerative Biology\The foundation donated $25 million to the University of Virginia's McIntire School of Commerce for an innovative new building and program.
HSCRB and Harvard Business School receive $25 million gift from Chris and**Contact Information:**
Email: grants@shumwayfoundation.org
Website: www.shumwayfoundation.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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