Hugh L Adams Charitable Trust
- Assets
- $47.8m
- Revenue
- $3.3m
- Investments
- $47.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2012
- Data as of
- 11/2023
- EIN
- 13-6039262
Organization Overview
Hugh L Adams Charitable Trust is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hugh L Adams 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 11/2023, Hugh L Adams Charitable Trust generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $3.0m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hugh L Adams Charitable Trust has awarded 32 individual grants totaling $11,962,226. 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 | $1,248,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,643,659 |
| Capital Gain Net Income | $1,643,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $383,194 |
| Total Revenue | $3,275,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $310,974 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,348 |
| Total operating and administrative expenses | $358,451 |
| Contributions, gifts, grants paid | $2,632,558 |
| Total expenses and disbursements | $2,991,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,862 |
| 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 | $47,565,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,754,178 |
| 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, Hugh L Adams Charitable Trust has awarded $2,632,558 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ASPCA PURPOSE: GENERAL PURPOSE GRANT | $131,628 |
WESTOVER SCHOOL INC PURPOSE: GENERAL PURPOSE GRANT | $131,628 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT GRANT | $526,511 |
METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL SUPPORT GRANT | $263,256 |
PRINCETON UNIVERSITY PURPOSE: GENERAL PURPOSE GRANT | $1,053,023 |
WESTCHESTER MEDICAL CENTER PURPOSE: GENERAL PURPOSE GRANT | $131,628 |