International Paper Company Foundation
- Assets
- $81.7m
- Revenue
- $7.5m
- Investments
- $81.6m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1954
- Data as of
- 12/2021
- 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 12/2021, International Paper Company Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 4 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 1,212 individual grants totaling $7,591,350. 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 |
|---|---|---|---|
John W Buntin Asst. Treasurer | 1 | $0 | |
Erich L Simpkins Asst. Treasurer | 1 | $0 | |
April Liddle Asst. Secretary | 1 | $0 | |
Delaine R Smith President | 1 | $0 | |
Alissa Campbell Shaw Executive Director | 1 | $0 | |
Carol W Tusch Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,631,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,880,759 |
| Capital Gain Net Income | $5,880,759 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,512,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $223,121 |
| Contributions, gifts, grants paid | $4,493,899 |
| Total expenses and disbursements | $4,717,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,540 |
| 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 | $81,585,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $81,658,973 |
| Accounts payable and accrued expenses | $37,759 |
| Grants payable | $238,334 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $597,471 |
| Total liabilities | $873,564 |
Grants Awarded
Over the last fiscal year, International Paper Company Foundation has awarded $4,220,712 in support to 590 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: INTERNATIONAL PAPER / RIF BOOKS FOR OWNERSHIP PROGRAM 2021-2023 | $500,000 |
EARTH'S BIRTHDAY PROJECT PURPOSE: BUTTERFLIES & SUNFLOWERS FOR CLASSROOMS & IP FACILITIES 2021 | $234,290 |
Alexandria, VA PURPOSE: FEMININE HYGIENE KIT PACKING | $62,000 |
Indianapolis, IN PURPOSE: A LITTLE LOVE STOPS LITTER | $50,000 |
DALLAS ARBORETUM PURPOSE: STEM YOUTH EDUCATION | $50,000 |
SCIENCE ATL INC DBA ATLANTA SCIENCE FESTIVAL INC PURPOSE: ATLANTA SCIENCE FESTIVAL & CHIEF SCIENCE OFFICERS 2022 | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Paper Company Foundation has recieved totaling $6,930.
| Awarding Organization | Amount |
|---|---|
United Food And Commercial Workers International Union South St Paul, MN PURPOSE: GENERAL SUPPORT | $6,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |