Adele Gifford Residuary Trust
- Assets
- $12.4m
- Revenue
- $291.9k
- Investments
- $12.2m
- Employees
- 0
- Location
- Bedford, NH
- Founding
- 05/1978
- Data as of
- 11/2023
- EIN
- 02-6046966
Organization Overview
Adele Gifford Residuary Trust is located in Bedford, NH. The organization was established in 1978. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Adele Gifford Residuary Trust 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 11/2023, Adele Gifford Residuary Trust generated $291.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $816.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Adele Gifford Residuary Trust has awarded 16 individual grants totaling $2,747,076. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 1 | $119,965 | |
Harold C Hansen ESQ Co-Trustee | 1 | $15,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,462 |
| Capital Gain Net Income | $52,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,772 |
| Total Revenue | $291,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,855 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,404 |
| Total operating and administrative expenses | $147,285 |
| Contributions, gifts, grants paid | $669,140 |
| Total expenses and disbursements | $816,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,953 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,398,899 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Adele Gifford Residuary Trust has awarded $669,140 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADELE GIFFORD RESIDUARY TRUST PURPOSE: GENERAL OPERATIONS | $167,285 |
ALBANY MEDICAL COLLEGE PURPOSE: GENERAL OPERATIONS | $167,285 |
FELICIAN SISTERS OF THE THIRD PURPOSE: GENERAL OPERATIONS | $167,285 |
HEALTHALLIANCE HOSPITAL PURPOSE: GENERAL OPERATIONS | $167,285 |