1772 Foundation Inc
- Assets
- $0.0
- Revenue
- $334.9k
- Investments
- $82.4m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1985
- Data as of
- 12/2020
- EIN
- 22-2578377
Organization Overview
1772 Foundation Inc is located in Providence, RI. 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.
For the year ending 12/2020, 1772 Foundation Inc generated $334.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.3%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, 1772 Foundation Inc has awarded 478 individual grants totaling $19,457,968. 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 |
|---|---|---|---|
Mary A Anthony Executive Director | 40 | $217,743 | |
Margaret Waldock Trustee | 5 | $47,400 | |
Thomas Moriarity Trustee | 5 | $35,400 | |
Richard Youngken Trustee | 5 | $23,400 | |
B Danforth Ely President/treasurer | 15 | $23,400 | |
Melissa Jest Trustee | 5 | $23,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $72,775 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,337,980 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,207 |
| Total Revenue | $334,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $379,743 |
| Pension plans, employee benefits | $55,349 |
| Depreciation | $0 |
| Occupancy | $13,200 |
| Travel, conferences, and meetings | $12,240 |
| Printing and publications | $3,713 |
| Total operating and administrative expenses | $1,114,146 |
| Contributions, gifts, grants paid | $4,122,099 |
| Total expenses and disbursements | $5,236,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,041 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,718,139 |
| Other assets | $3,353,513 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $274,406 |
Grants Awarded
Over the last fiscal year, 1772 Foundation Inc has awarded $4,521,584 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: BLACK HISTORY AND CULTURE PROJECT | $250,000 |
San Francisco, CA PURPOSE: BLACK HISTORY AND CULTURE PROJECT | $250,000 |
COASTAL COMMUNITY FOUNDATION PURPOSE: REVEREND PINCKNEY COLLEGE READINESS AND SCHOLARS PROGRAM | $160,000 |
Charleston, SC PURPOSE: GENERAL OPERATING EXPENSES, PROCESSING EQUIPMENT FOR GULLAH FARMERS' COOPERATIVE | $125,000 |
PRESERVATION MARYLAND PURPOSE: REVOLVING FUND | $125,000 |
North Charleston, SC PURPOSE: LEGAL AND LAND MANAGEMENT SERVICES/EXPANSION OF PROGRAM | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Newmans Own Foundation Westport, CT | $226,904,846 | $19,666,525 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
F B Heron Foundation New Milford, CT | $412,823,233 | $28,288,660 |
Ralph R Papitto And Barbara A Papitto Private Family Foundation Hope, RI | $20,164,629 | $44,911,185 |
Diebold Foundation Inc Roxbury, CT | $15,650,779 | $11,297,446 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Hassenfeld Foundation Providence, RI | $69,706,667 | $3,941,296 |