Margaret L Wendt Foundation
- Assets
- $82.8m
- Revenue
- $6.1m
- Investments
- $69.5m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/1958
- Data as of
- 12/2021
- EIN
- 16-6030037
Organization Overview
Margaret L Wendt Foundation is located in Buffalo, NY. The organization was established in 1958. 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. Margaret L Wendt 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, Margaret L Wendt Foundation generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Margaret L Wendt Foundation has awarded 146 individual grants totaling $12,790,591. 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 |
|---|---|---|---|
Claire Kresse White Trustee | 20 | $97,067 | |
Thomas Lunt Trustee | 20 | $97,066 | |
Janet L Day Trustee | 20 | $97,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $3,078,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,445,725 |
| Capital Gain Net Income | $2,445,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $607,516 |
| Total Revenue | $6,131,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,197 |
| Other employee salaries and wages | $122,960 |
| Pension plans, employee benefits | $0 |
| Interest | $315,552 |
| Taxes | $151,987 |
| Depreciation | $204 |
| Occupancy | $16,015 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,310 |
| Total operating and administrative expenses | $1,312,730 |
| Contributions, gifts, grants paid | $3,877,692 |
| Total expenses and disbursements | $5,190,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,597 |
| 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 | $3,575,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $9,295,303 |
| Investments—mortgage loans | $0 |
| Investments—other | $425 |
| Net Land, buildings, and equipment | $1,634 |
| Other assets | $361,222 |
| Total assets | $82,817,860 |
| Accounts payable and accrued expenses | $4,441 |
| Grants payable | $305,309 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,750 |
| Total liabilities | $311,500 |
Grants Awarded
Over the last fiscal year, Margaret L Wendt Foundation has awarded $4,007,692 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: AVAILABLE UPON REQUEST | $338,000 |
MOUNT ST MARY'S HOSPITAL FOUNDATION PURPOSE: AVAILABLE UPON REQUEST | $300,000 |
SAY YES BUFFALO PURPOSE: AVAILABLE UPON REQUEST | $260,000 |
ECMC LIFELINE FOUNDATION PURPOSE: AVAILABLE UPON REQUEST | $258,118 |
WNY RAILWAY HISTORICAL SOCIETY PURPOSE: AVAILABLE UPON REQUEST | $206,809 |
NIAGARA LUTHERAN HEALTH FOUNDATION PURPOSE: AVAILABLE UPON REQUEST | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |