Cvs Foundation
- Assets
- $194.8m
- Revenue
- $57.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Woonsocket, RI
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 22-3206973
Organization Overview
Cvs Foundation is located in Woonsocket, RI. The organization was established in 1993. 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. Cvs 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, Cvs Foundation generated $57.7m in total revenue. All expenses for the organization totaled $11.2m during the year ending 12/2021.
Since 2020, Cvs Foundation has awarded 1,817 individual grants totaling $27,128,085. 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 |
|---|---|---|---|
Eileen H Boone President & Director | 0.5 | $0 | |
Tracy L Smith Vice President/assistant Treasurer | 0.5 | $0 | |
Carol A Denale Vice President/treasurer/director | 0.5 | $0 | |
Joanne M Dwyer Director | 0.5 | $0 | |
Thomas S Moffatt Vice President/secretary/director | 0.5 | $0 | |
Jeffrey E Clark Assistant Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000,000 |
| Interest on Savings | $889,412 |
| Dividends & Interest | $1,838,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,944,377 |
| Total Revenue | $57,672,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $545,698 |
| Total operating and administrative expenses | $837,511 |
| Contributions, gifts, grants paid | $10,383,772 |
| Total expenses and disbursements | $11,221,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,952,047 |
| Savings and temporary cash investments | $137,804,118 |
| 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 | $194,756,165 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,269,486 |
| 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 | $7,269,486 |
Grants Awarded
Over the last fiscal year, Cvs Foundation has awarded $12,218,367 in support to 919 organizations.
| Grant Recipient | Amount |
|---|---|
DIRECT RELIEF SANTA BARBARA CA PURPOSE: SCHOLARSHIP GRANTS | $1,200,000 |
Portland, OR PURPOSE: LARGE FOUNDATION GRANTS | $1,100,000 |
Washington, DC PURPOSE: LARGE FOUNDATION GRANTS | $1,000,000 |
New York, NY PURPOSE: LARGE FOUNDATION GRANTS | $750,000 |
Portland, OR PURPOSE: LARGE FOUNDATION GRANTS | $550,000 |
PHILANTHROPIC INITIATIVES PURPOSE: LARGE FOUNDATION GRANTS | $502,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Dalio Foundation Inc Westport, CT | $1,484,061,978 | $687,569,757 |
Seedlings Foundation Branford, CT | $139,526,871 | $5,281,922 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |