The A D Philanthropic Fund Inc
- Assets
- $4.2m
- Revenue
- $267.9k
- Investments
- $4.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1952
- Data as of
- 12/2022
- EIN
- 13-6092857
Organization Overview
The A D Philanthropic Fund Inc is located in New York, NY. The organization was established in 1952. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. A D Philanthropic Fund 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 12/2022, A D Philanthropic Fund Inc generated $267.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $349.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, A D Philanthropic Fund Inc has awarded 138 individual grants totaling $2,625,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Carter President / Treasurer | 2 | $30,000 | |
John A Carter Secretary | 1 | $20,000 | |
Richard J Carter III Director | 1 | $0 | |
Diana Regan Carter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $121 |
| Dividends & Interest | $136,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,406 |
| Capital Gain Net Income | $131,406 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $267,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $447 |
| Total operating and administrative expenses | $67,766 |
| Contributions, gifts, grants paid | $282,000 |
| Total expenses and disbursements | $349,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,251 |
| Savings and temporary cash investments | $0 |
| 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 | $3,258,390 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $828 |
| Total assets | $4,159,350 |
| 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, The A D Philanthropic Fund Inc has awarded $282,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
ALZHEIMERS FAMILY SUPPORT CENTER PURPOSE: GENERAL SUPPORT | $2,000 |
ASYLUM SEEKER ADVOCACY PROJECT PURPOSE: GENERAL SUPPORT | $5,000 |
BISHOP TIMON ST JUDE HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
CAMP PA QUA TUCK PURPOSE: GENERAL SUPPORT | $5,000 |
CANCER SERVICE OF GREATER BATON ROUGE PURPOSE: GENERAL SUPPORT | $1,000 |