Gilbert Verney Foundation
- Assets
- $1.3m
- Revenue
- $233.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Bennington, NH
- Founding
- 07/1949
- Data as of
- 12/2021
- EIN
- 02-6007363
Organization Overview
Gilbert Verney Foundation is located in Bennington, NH. The organization was established in 1949. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gilbert Verney Foundation 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 12/2021, Gilbert Verney Foundation generated $233.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $254.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gilbert Verney Foundation has awarded 147 individual grants totaling $410,100. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Verney President | 1 | $0 | |
E Geoffrey Verney Trustee | 1 | $0 | |
Lumina V Greenway Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,434 |
| Capital Gain Net Income | $65,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $233,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $999 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,640 |
| Contributions, gifts, grants paid | $237,200 |
| Total expenses and disbursements | $254,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,757 |
| Savings and temporary cash investments | $27,069 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $150,000 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,289,391 |
| Accounts payable and accrued expenses | $444 |
| Grants payable | $5,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,700 |
| Total liabilities | $11,144 |
Grants Awarded
Over the last fiscal year, Gilbert Verney Foundation has awarded $232,200 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Nantucket, MA PURPOSE: TO SUPPORT THE NANTUCKET FUND | $50,000 |
Peterborough, NH PURPOSE: ANNUAL FUND | $17,000 |
Newport, RI PURPOSE: ANNUAL GIVING CAMPAIGN | $13,000 |
THE GRAPEVINE PURPOSE: TO SUPPORT THE AVENUE A TEEN AND COMMUNITY CENTER | $11,000 |
Nantucket, MA PURPOSE: $500 MEMBERSHIP CONTRIBUTION AND $10,000 FOR THE MILESTONE PARTNERS' PROGRAM | $10,500 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: 3RD AND FINAL PLEDGE PAYMENT TO SUPPORT DR. JOHN T. SHIN'S SPINAL INNOVATION & RESEARCH LAB | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |
Richard And Susan Smith Family Foundation Newton, MA | $287,463,199 | $21,143,524 |