William F Connell Charitable Trust
- Assets
- $2.2m
- Revenue
- $6.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 22-2778156
Organization Overview
William F Connell Charitable Trust is located in Boston, MA. The organization was established in 1987. 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. William F Connell Charitable Trust 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 12/2022, William F Connell Charitable Trust generated $6.3k 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 (39.1%) each year. All expenses for the organization totaled $103.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William F Connell Charitable Trust has awarded 48 individual grants totaling $307,800. 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 |
|---|---|---|---|
Monica C Healey Trustee | 0 | $0 | |
Lisa T Mcnamara Trustee | 0 | $0 | |
Courtenay E Connell Trustee | 0 | $0 | |
William C Connell Trustee | 0 | $0 | |
Terence A Connell Trustee | 0 | $0 | |
Timothy P Connell Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,387 |
| Dividends & Interest | $33,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,866 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,367 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $103,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,666 |
| Savings and temporary cash investments | $0 |
| 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 | $1,248,041 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,564 |
| Total assets | $2,207,271 |
| 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 | $35 |
| Total liabilities | $35 |
Grants Awarded
Over the last fiscal year, William F Connell Charitable Trust has awarded $100,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE OVER TROUBLED WATERS PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $500 |
BOSTON COLLEGE PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $3,500 |
BOSTON COLLEGE FLYNN FUND PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $20,000 |
BOSTON COLLEGE LAW PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $500 |
BOYS & GIRLS CLUB OF BOSTON PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $2,500 |
CAMPAIGN FOR CATHOLIC SCHOOLS PURPOSE: SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $2,500 |