Cambridge Charitable Foundation
- Assets
- $51.3m
- Revenue
- $4.0m
- Investments
- $104.5k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-1938332
Organization Overview
Cambridge Charitable Foundation is located in Cincinnati, OH. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community 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. Cambridge Charitable 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, Cambridge Charitable Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 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 2014, Cambridge Charitable Foundation has awarded 507 individual grants totaling $23,370,793. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION IS TO PROMOTE PHILANTHROPY BROADLY THROUGHOUT THE GREATER CINCINNATI, OHIO REGION WHILE WORKING TO BUILD AND PRESERVE PERMANENT ENDOWMENT FUNDS FOR THE SUPPORT OF ARTS AND CULTURE, COMMUNITY PROGRESS, EDUCATION, THE ENVIRONMENT, HEALTH AND HUMAN SERVICES.
Describe the Organization's Program Activity:
THE SOLE PROGRAM SERVICE OF THE FOUNDATION IS TO PROVIDE GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS THAT MEET CERTAIN CRITERIA AND ARE APPROVED BY THE FOUNDATIONS' BOARD MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc A Randolph Sec, Treas & Trustee | OfficerTrustee | 2 | $0 |
Daniel P Randolph President & Trustee | OfficerTrustee | 2 | $0 |
Joel Goldman Trustee | Trustee | 2 | $0 |
Georgana Taggart Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jf Jp Holdings Llc Dba Camargo Chari Management Fee | 12/30/21 | $422,756 |
Raymond James & Associates Inc Investment Management Fee | 12/30/21 | $137,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,433,136 |
| Noncash contributions included in lines 1a–1f | $50,786 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,433,136 |
| Total Program Service Revenue | $0 |
| Investment income | $955,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $129,106 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $491,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,012,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,146,902 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,900 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221,545 |
| Fees for services: Other | $422,756 |
| Advertising and promotion | $0 |
| Office expenses | $1,796 |
| Information technology | $1,554 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,994 |
| All other expenses | $0 |
| Total functional expenses | $4,869,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,678 |
| Savings and temporary cash investments | $1,240,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,871,382 |
| Investments—other securities | $104,529 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,336,869 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $51,336,869 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,336,869 |
Grants Awarded
Over the last fiscal year, Cambridge Charitable Foundation has awarded $3,963,597 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $752,204 |
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $690,000 |
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $410,870 |
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $214,435 |
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $206,025 |
Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $155,395 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Charitable Foundation has recieved totaling $424,200.
| Awarding Organization | Amount |
|---|---|
Institute For Health Care And Values Cincinnati, OH PURPOSE: GENERAL PURPOSE | $424,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |