Putnam Foundation
- Assets
- $29.5m
- Revenue
- $3.2m
- Investments
- $27.6m
- Employees
- 0
- Location
- Keene, NH
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 02-6011388
Organization Overview
Putnam Foundation is located in Keene, NH. The organization was established in 1954. 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. Putnam 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, Putnam Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Quinn Executive Di | 20 | $0 | |
Rowan G Finnegan Trustee/pt | 0 | $0 | |
James Putnam Trustee/pt | 0 | $0 | |
Thomas P Putnam Trustee/pt | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,783 |
| Dividends & Interest | $366,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,695,388 |
| Capital Gain Net Income | $1,695,388 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,071,490 |
| Total Revenue | $3,170,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,461 |
| Taxes | $45,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,020 |
| Printing and publications | $0 |
| Other expenses | $145,574 |
| Total operating and administrative expenses | $425,473 |
| Contributions, gifts, grants paid | $1,580,300 |
| Total expenses and disbursements | $2,005,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,278 |
| Savings and temporary cash investments | $1,490,067 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,955,872 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $181,383 |
| Total assets | $29,526,582 |
| Accounts payable and accrued expenses | $2,200 |
| 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 | $2,200 |
Grants Awarded
Over the last fiscal year, Putnam Foundation has awarded $1,580,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GRANT | $1,555,300 |
Concord, NH PURPOSE: GRANT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
Kraft Family Foundation Inc Foxborough, MA | $42,808,587 | $12,601,378 |