Avangrid Foundation Inc
- Assets
- $4.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CT
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 13-4200689
Organization Overview
Avangrid Foundation Inc is located in Orange, CT. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Avangrid Foundation Inc 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, Avangrid Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 11.7% per year over the past 5 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 2016, Avangrid Foundation Inc has awarded 529 individual grants totaling $14,656,428. 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 |
|---|---|---|---|
Nicole L Grant Treasurer | 3 | $0 | |
Antonio M Perez Director | 1 | $0 | |
Carmen Albert Secretary | 1 | $0 | |
Robert D Kump Acting President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,647,102 |
| Interest on Savings | $0 |
| Dividends & Interest | $503 |
| Net Rental Income | $205,275 |
| Net Gain on Sale of Assets | -$290,368 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,609,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,436 |
| Depreciation | $34,936 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,407 |
| Total operating and administrative expenses | $59,279 |
| Contributions, gifts, grants paid | $2,527,155 |
| Total expenses and disbursements | $2,586,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,948,546 |
| 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 | $8,125 |
| Net Investments - land, buildings, equipment | $1,051,785 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,008,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $78,264 |
| 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 | $78,264 |
Grants Awarded
Over the last fiscal year, Avangrid Foundation Inc has awarded $2,527,155 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - OREGON WILDFIRES PURPOSE: COMMUNITY PROGRAMS | $325,000 |
CITY OF PORTLAND LAND BANK COMMISSION PURPOSE: BIODIVERSITY & CLIMATE CHANGE | $275,000 |
Americus, GA PURPOSE: COMMUNITY PROGRAMS | $135,000 |
YALE UNIVERISTY INSTITUTE OF PERSERVATION AND CULTURAL HERITAGE PURPOSE: TRAINING, RESEARCH & HIGHER EDUCATION | $75,000 |
NXTHVN PURPOSE: ARTS & CULTURE | $50,000 |
Hallowell, ME PURPOSE: TRAINING, RESEARCH & HIGHER EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |