T-2961 Charitable Trust Uw T Luce
- Assets
- $11.3m
- Revenue
- $673.7k
- Investments
- $10.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1973
- Data as of
- 07/2024
- EIN
- 13-6029703
Organization Overview
T-2961 Charitable Trust Uw T Luce is located in Chicago, IL. The organization was established in 1973. 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.
For the year ending 07/2024, T-2961 Charitable Trust Uw T Luce generated $673.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $868.4k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, T-2961 Charitable Trust Uw T Luce has awarded 94 individual grants totaling $4,015,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,624 |
| Capital Gain Net Income | $246,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $673,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $152,767 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $168,361 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $868,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,968 |
| Savings and temporary cash investments | $330,094 |
| 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 | $812,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,322,499 |
| 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, T-2961 Charitable Trust Uw T Luce has awarded $700,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH JUSTICE NETWORK PURPOSE: GENERAL | $40,000 |
HARLEM RBI INC DBA DREAM PURPOSE: GENERAL | $75,000 |
SUMMER SEARCH NEW YORK CITY PURPOSE: GENERAL | $30,000 |
GODDARD RIVERSIDE COMMUNITY CENTER PURPOSE: GENERAL | $30,000 |
HARLEM LACROSSE PURPOSE: GENERAL | $40,000 |
DREAMYARD DRAMA PROJECT INC PURPOSE: GENERAL | $50,000 |