The Clara E And John H Ware Jr Foundation
- Assets
- $11.9m
- Revenue
- $436.8k
- Investments
- $11.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 20-1083951
Organization Overview
The Clara E And John H Ware Jr Foundation is located in Philadelphia, PA. The organization was established in 2004. 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. Clara E And John H Ware Jr 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, Clara E And John H Ware Jr Foundation generated $436.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $762.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clara E And John H Ware Jr Foundation has awarded 75 individual grants totaling $7,527,393. 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 |
|---|---|---|---|
Joseph R Gates President | 1 | $0 | |
Paul W Gates Vice-President | 1 | $0 | |
Lisa R Rich Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,336 |
| Dividends & Interest | $320,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,366 |
| Capital Gain Net Income | $105,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $436,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $87,477 |
| Contributions, gifts, grants paid | $675,000 |
| Total expenses and disbursements | $762,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,830 |
| Savings and temporary cash investments | $356,453 |
| 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 | $1,511,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,871,625 |
| 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 Clara E And John H Ware Jr Foundation has awarded $675,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMENS HOSPITAL PURPOSE: FOR RESEARCH TO INVESTIGATE THE ROLE OF THE GUT MICROBIOME IN PROGRESSIVE MULTIPLE | $100,000 |
CAPE ANN MUSEUM INC PURPOSE: FOR PHOTO ARCHIVES POSITION AND REFURBISHED SCANNER | $60,000 |
PHILABUNDANCE PURPOSE: GENERAL SUPPORT | $40,000 |
PROJECT HOME PURPOSE: FOR THE HOUSING PROGRAM | $60,000 |
SORPTIMIST PURPOSE: FOR LIVE YOUR DREAMS AWARDS PROGRAM WITH A FOCUS ON THE PHILADELPHIA REGION | $35,000 |
THE PHOENIX PURPOSE: FOR YOUTH AND FAMILY PROGRAMING | $60,000 |