George I Alden Trust
- Assets
- $212.1m
- Revenue
- $45.5m
- Investments
- $198.1m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 10/1981
- Data as of
- 12/2021
- EIN
- 04-6023784
Organization Overview
George I Alden Trust is located in Worcester, MA. The organization was established in 1981. 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. George I Alden 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 12/2021, George I Alden Trust generated $45.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.9% each year . All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 2.8% 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 2021, George I Alden Trust has awarded 138 individual grants totaling $15,905,000. 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 |
|---|---|---|---|
James E Collins Trustee | 20 | $150,000 | |
Gail T Randall Trustee | 20 | $150,000 | |
Warner S Fletcher Trustee | 25 | $150,000 | |
Douglas Meystre Trustee | 20 | $150,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mondrian Emerging Markets Small Cap | 12/30/21 | $139,991 |
Highclere Intl Investors | 12/30/21 | $221,095 |
Westfield | 12/30/21 | $491,422 |
Mondrian International Small Cap | 12/30/21 | $88,636 |
Kiltearn Partners Inc | 12/30/21 | $154,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,535 |
| Dividends & Interest | $5,285,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,569,840 |
| Capital Gain Net Income | $39,569,840 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $655,804 |
| Total Revenue | $45,527,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $711,930 |
| Depreciation | $0 |
| Occupancy | $23,125 |
| Travel, conferences, and meetings | $5,104 |
| Printing and publications | $0 |
| Other expenses | $321,312 |
| Total operating and administrative expenses | $2,872,716 |
| Contributions, gifts, grants paid | $11,285,000 |
| Total expenses and disbursements | $14,157,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,932,264 |
| Savings and temporary cash investments | $0 |
| 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 | $71,509,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $212,050,748 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,620,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,620,000 |
Grants Awarded
Over the last fiscal year, George I Alden Trust has awarded $15,905,000 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: TO FURTHER EDUCATION | $3,000,000 |
Worcester, MA PURPOSE: TO FURTHER EDUCATION | $1,000,000 |
Worcester, MA PURPOSE: TO FURTHER EDUCATION | $1,000,000 |
YWCA OF CENTRAL MASSACHUSETTS PURPOSE: TO FURTHER EDUCATION | $550,000 |
Worcester, MA PURPOSE: TO FURTHER EDUCATION | $500,000 |
ECOTARIUM PURPOSE: TO FURTHER EDUCATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |