Wallace Minot Leonard Foundation
- Assets
- $5.8m
- Revenue
- $499.8k
- Investments
- $5.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 22-3158002
Organization Overview
Wallace Minot Leonard Foundation is located in Boston, MA. The organization was established in 1992. 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. Wallace Minot Leonard 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 12/2022, Wallace Minot Leonard Foundation generated $499.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $634.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wallace Minot Leonard Foundation has awarded 232 individual grants totaling $4,639,000. 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 |
|---|---|---|---|
Michael J Puzo Trustee | 2.5 | $22,429 | |
Stephen W Kidder Trustee | 2.5 | $22,429 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $338,733 |
| Capital Gain Net Income | $338,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $499,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,857 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $393 |
| Total operating and administrative expenses | $92,136 |
| Contributions, gifts, grants paid | $542,500 |
| Total expenses and disbursements | $634,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $265,338 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,844,004 |
| 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, Wallace Minot Leonard Foundation has awarded $542,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESSPORTAMERICA PURPOSE: GENERAL | $5,000 |
BETHEL AME CHURCH PURPOSE: GENERAL | $10,000 |
BOSTON HEALTHCARE FOR THE HOMELESS PURPOSE: GENERAL | $5,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL | $25,000 |
BOSTON LYRIC OPERA PURPOSE: GENERAL | $100,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL | $25,000 |