Estate Of George P Wakefield Residuary Trust
- Assets
- $2.7m
- Revenue
- $295.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1970
- Data as of
- 06/2023
- EIN
- 13-6079388
Organization Overview
Estate Of George P Wakefield Residuary Trust is located in Pittsburgh, PA. The organization was established in 1970. 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 06/2023, Estate Of George P Wakefield Residuary Trust generated $295.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $245.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Estate Of George P Wakefield Residuary Trust has awarded 43 individual grants totaling $790,100. 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 | $88,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,026 |
| Capital Gain Net Income | $206,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $718 |
| Total Revenue | $295,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,241 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $40,744 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $245,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,095 |
| 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 | $2,657,870 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,702,965 |
| 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, Estate Of George P Wakefield Residuary Trust has awarded $205,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPFIRE PURPOSE: GENERAL OPERATING | $10,000 |
NEW YORK FOUNDLING HOSPITAL PURPOSE: GENERAL OPERATING | $7,500 |
UNIVERSITY SETTLEMENT PURPOSE: GENERAL OPERATING | $15,000 |
THE SUMMER CAMP PURPOSE: GENERAL OPERATING | $20,000 |
THE FRESH AIR FUND PURPOSE: GENERAL OPERATING | $20,000 |
EAST END HOSPICE PURPOSE: GENERAL OPERATING | $12,500 |