Ruth And Hal Launders Charitable Tr
- Assets
- $43.4m
- Revenue
- $1.9m
- Investments
- $23.1m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 02/2009
- Data as of
- 04/2022
- EIN
- 02-0703907
Organization Overview
Ruth And Hal Launders Charitable Tr is located in Herndon, VA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth And Hal Launders Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Ruth And Hal Launders Charitable Tr generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $3.4m during the year ending 04/2022. While expenses have increased by 4.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ruth And Hal Launders Charitable Tr has awarded 152 individual grants totaling $3,036,269. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey J Fairfield Executive Director & Secretary | 40 | $257,403 | |
Jerome L Lonnes Co-Trustee | 3 | $30,000 | |
Rebecca F Fehrs Co-Trustee | 6 | $30,000 | |
Eugenie W Maine Co-Trustee, Secretary | 10 | $30,000 | |
Catherine P Whelan Co-Trustee, Chairman Of The Board | 10 | $30,000 | |
Whitney Webb Co-Trustee | 4 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pennoni Associates Inc | 4/29/20 | $605,793 |
Hunton Andrews Kurth Llp | 4/29/20 | $105,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,487 |
| Dividends & Interest | $517,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,345,917 |
| Capital Gain Net Income | $1,345,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,388 |
| Total Revenue | $1,879,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $257,403 |
| Pension plans, employee benefits | $34,713 |
| Interest | $0 |
| Taxes | $419,362 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,775 |
| Printing and publications | $0 |
| Other expenses | $1,003,536 |
| Total operating and administrative expenses | $2,010,057 |
| Contributions, gifts, grants paid | $1,350,577 |
| Total expenses and disbursements | $3,360,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,802 |
| Savings and temporary cash investments | $895,082 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $15,226,552 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,738,847 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,254,081 |
| Total assets | $43,449,834 |
| Accounts payable and accrued expenses | $57,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,400 |
Grants Awarded
Over the last fiscal year, Ruth And Hal Launders Charitable Tr has awarded $1,350,577 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: VOLUNTARY PROFFERED ZONING CONDITION CONTRIBUTION TO FUND AN ENDOWMENT FOR ARROWBROOK CENTRE PARK, A PUBLIC PARK OWNED AND OPERATED BY THE FAIRFAX COUNTY PARK AUTHORITY, A BODY POLITIC | $750,000 |
San Francisco, CA PURPOSE: THE PURPOSE OF THIS GRANT IS TO HELP 826 NATIONAL LEAD THE FIELD TOWARD MORE EQUITABLE AND EFFECTIVE WRITING EDUCATION BY HELPING STUDENTS IMPROVE THEIR EXPOSITORY AND CREATIVE WRITING SKILLS. | $50,000 |
San Francisco, CA PURPOSE: THIS GRANT WILL SUPPORT THE CHARITABLE OPERATIONS OF DRAW TOGETHER (DT) WHICH IS AN INTERACTIVE ARTISTIC VIRTUAL LEARNING EXPERIENCE SUPPORTING CHILDREN, PARENTS, AND EDUCATORS. | $40,000 |
Washington, DC PURPOSE: THIS GRANT WILL ENABLE RIF TO CHAMPION SOCIAL JUSTICE AND EQUITY THROUGH LITERACY IN DETROIT MI BY PROVIDING BOOKS AND RESOURCES FOR PARENTS AND CAREGIVERS. | $30,000 |
Blacksburg, VA PURPOSE: THIS GRANT WILL ESTABLISH THE RUTH LAUNDERS ENDOWMENT FOR FAIRFAX COUNTY 4-H. IT WILL PROVIDE SUPPORT FOR THE 4-H LIVESTOCK PROGRAM IN FAIRFAX COUNTY. | $25,000 |
Fairfax, VA PURPOSE: THE FUNDS ARE TO BE USED FOR THE SUMMER CONCERT SERIES AT ARROWBROOK CENTRE PARK. FUNDS WILL BE USED FOR EXPENSES FOR ADVERTISING, MAILINGS, FEES FOR MUSICIANS AND OTHER PERFORMERS, SOUND SYSTEM, AND TECHNICAL SUPPORT. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |