Foote Family Charitable Trust
- Assets
- $10.7m
- Revenue
- $722.4k
- Investments
- $10.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1968
- Data as of
- 10/2024
- EIN
- 06-6104580
Organization Overview
Foote Family Charitable Trust is located in Dallas, TX. The organization was established in 1968. 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. Foote Family Charitable 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 10/2024, Foote Family Charitable Trust generated $722.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $643.8k during the year ending 10/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foote Family Charitable Trust has awarded 13 individual grants totaling $2,333,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $293,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $429,008 |
| Capital Gain Net Income | $429,008 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51 |
| Total Revenue | $722,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,529 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,098 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,950 |
| Total operating and administrative expenses | $143,757 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $643,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $251,680 |
| 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 | $10,748,910 |
| 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, Foote Family Charitable Trust has awarded $500,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY EPISCOPAL CHURCH PURPOSE: UNRESTRICTED GENERAL | $115,000 |
TOWN OF BRANFORD PURPOSE: UNRESTRICTED GENERAL | $300,000 |
ZION EPISCOPAL CHURCH PURPOSE: UNRESTRICTED GENERAL | $85,000 |