1772 Foundation Inc
- Assets
- $69.1m
- Revenue
- -$2.3m
- Investments
- $59.6m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 22-2578377
Organization Overview
1772 Foundation Inc is located in Morristown, NJ. The organization was established in 1985. 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. 1772 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, 1772 Foundation Inc has awarded 576 individual grants totaling $26,901,332. 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 |
|---|---|---|---|
B Danforth Ely VP President | 15 | $24,150 | |
Margaret Waldock President | 5 | $48,150 | |
Thomas Moriarity Treasurer | 5 | $36,150 | |
Richard Youngken Trustee | 5 | $24,150 | |
Melissa Jest Trustee | 5 | $23,400 | |
Mary A Anthony Executive Director | 40 | $220,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,310,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,791,294 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $205,245 |
| Total Revenue | -$2,275,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $376,142 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $92,036 |
| Interest | $0 |
| Taxes | $55,022 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50,416 |
| Printing and publications | $2,100 |
| Other expenses | $18,756 |
| Total operating and administrative expenses | $1,219,922 |
| Contributions, gifts, grants paid | $6,968,364 |
| Total expenses and disbursements | $8,188,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838,062 |
| Savings and temporary cash investments | $6,375,749 |
| 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 | $21,271,968 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,328,726 |
| Total assets | $69,125,733 |
| Accounts payable and accrued expenses | $54,500 |
| Grants payable | $2,700,000 |
| 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 | $2,754,500 |
Grants Awarded
Over the last fiscal year, 1772 Foundation Inc has awarded $7,443,364 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA AFRICAN AMERICAN CIVIL RIGHTS HERITAGE SITES CONSORTIUM PURPOSE: ORGANIZATIONAL CAPACITY | $125,000 |
ARCHITECTURE 2030 PURPOSE: CARBON AVOIDED RETROFIT ESTIMATOR | $90,000 |
AUGUSTA AFRICAN AMERICAN HISTORIC PRESERVATION COUNCIL PURPOSE: TRUSTEE-DIRECTED (DISCRETIONARY) GRANT | $2,500 |
ARLINGTON FREE CLINIC PURPOSE: TRUSTEE-DIRECTED (DISCRETIONARY) GRANT | $3,500 |
BLACK HISTORY IN ACTION FOR CAMBRIDGEPORT PURPOSE: ST. AUGUSTINES AFRICAN ORTHODOX CHURCH PRESERVATION AND ADAPTIVE REUSE | $150,000 |
BLACK HISTORY IN ACTION FOR CAMBRIDGEPORT PURPOSE: TRUSTEE-DIRECTED (DISCRETIONARY) GRANT | $5,000 |