Henry H Downing Trust

Organization Overview

Henry H Downing Trust is located in Salem, MA. The organization was established in 1941. 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. Henry H Downing 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 09/2022, Henry H Downing Trust generated $58.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $55.1k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

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Board, Officers & Key Employees

Name (title)Compensation
Charles L Newhall
Trustee
$3,688
John B Newhall
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $335
Dividends & Interest $19,478
Net Rental Income$0
Net Gain on Sale of Assets $38,986
Capital Gain Net Income $38,986
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $58,799

Grants Awarded

Over the last fiscal year, Henry H Downing Trust has awarded $38,818 in support to 3 organizations.

Grant RecipientAmount

LYNN HOME FOR ELDERLY PERSONS

Org PageRecipient Profile

Lynn, MA

PURPOSE: UNRESTRICTED WITHIN DONEE'S CHARITABLE PURPOSES

$23,290

FAMILY & CHILDREN SERVICES OF GREATER LYNN

Org PageRecipient Profile

Lynn, MA

PURPOSE: UNRESTRICTED WITHIN DONEE'S CHARITABLE PURPOSES

$7,764

SALEM HOSPITAL

PURPOSE: UNRESTRICTED WITHIN DONEE'S CHARITABLE PURPOSES

$7,764
View Grant Profile

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