International Paper Company Foundation
- Assets
- $70.7m
- Revenue
- $4.0m
- Investments
- $70.5m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1954
- Data as of
- 12/2023
- EIN
- 13-6155080
Organization Overview
International Paper Company Foundation is located in Memphis, TN. The organization was established in 1954. 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. International Paper Company Foundation 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 12/2023, International Paper Company Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 1.8% 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 2020, International Paper Company Foundation has awarded 2,269 individual grants totaling $15,324,960. 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 |
|---|---|---|---|
Delaine R Smith Beg 0523 Board Member/ Pres. (end 05/23) | 1 | $0 | |
Sarah Norton Begin 0523 President | 1 | $0 | |
Alissa Campbell Shaw Executive Director | 1 | $0 | |
Carol W Tusch End 0523 Treasurer | 1 | $0 | |
Diana Winalski Begin 0523 Treasurer | 1 | $0 | |
Erich L Simpkins Asst. Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,719,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,284,065 |
| Capital Gain Net Income | $2,284,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,003,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $356,306 |
| Contributions, gifts, grants paid | $4,103,240 |
| Total expenses and disbursements | $4,459,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $183,473 |
| 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 | $70,546,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,730,002 |
| Accounts payable and accrued expenses | $38,494 |
| Grants payable | $500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $406,767 |
| Total liabilities | $945,261 |
Grants Awarded
Over the last fiscal year, International Paper Company Foundation has awarded $3,713,740 in support to 520 organizations.
| Grant Recipient | Amount |
|---|---|
456 ROBOTICS PURPOSE: 2024 ROBOTICS SEASON | $3,000 |
A CHILD'S HOPE INTERNATIONAL INC PURPOSE: HOPE SACKS | $2,500 |
ACCESSIBLE COASTAL CAROLINA EVENTS SPORTS AND SERVICES INC PURPOSE: MIRACLE LEAGUE/ACCESS PLAY | $2,000 |
ACES FOR AUTISM PURPOSE: NEW AUTISM FACILITY SET-UP | $10,000 |
ADAPT INC PURPOSE: LSU HEALTH AHEAD/HEART SMART | $10,000 |
ALABAMA SHAKESPEARE FESTIVAL INC PURPOSE: SCHOOLFEST | $2,300 |