Ferree Foundation
- Assets
- $21.2m
- Revenue
- $2.7m
- Investments
- $20.4m
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 20-1060557
Organization Overview
Ferree Foundation is located in Lancaster, PA. The organization was established in 2004. 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. Ferree 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, Ferree Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ferree Foundation has awarded 300 individual grants totaling $8,365,576. 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 |
|---|---|---|---|
Ronald J Frederick Director | 2 | $0 | |
Paul W Ware Pres, Treas & Sec | 2 | $0 | |
Katherine Schock Executive Director | 20 | $42,000 | |
Judy S Ware Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $486,194 |
| Interest on Savings | $12,367 |
| Dividends & Interest | $604,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,485,355 |
| Capital Gain Net Income | $1,485,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,354 |
| Total Revenue | $2,651,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,282 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,298 |
| Total operating and administrative expenses | $278,876 |
| Contributions, gifts, grants paid | $905,450 |
| Total expenses and disbursements | $1,184,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $757,975 |
| 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 | $2,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,198,638 |
| 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, Ferree Foundation has awarded $905,450 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN CULTURAL ALLIANCE PURPOSE: 2023 GRANT | $5,000 |
BOY SCOUTS OF AMERICA (PA DUTCH COUNCIL) PURPOSE: 2023 GRANT | $5,000 |
FRANKLIN & MARSHALL COLLEGE PURPOSE: CIVIC ENGAGEMENT | $400,000 |
ALLIANCE FOR THE CHESAPEAKE BAY PURPOSE: 2023 GRANT | $35,000 |
FRANKLIN & MARSHALL COLLEGE PURPOSE: HOUSE PROGRAM | $100,000 |
FULTON OPERA HOUSE FOUNDATION PURPOSE: 2023 GRANT | $60,000 |