The Elizabeth T Fessenden Charitable Foundation
- Assets
- $1.4m
- Revenue
- $462.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1996
- Data as of
- 07/2024
- EIN
- 22-3432161
Organization Overview
The Elizabeth T Fessenden Charitable Foundation is located in Boston, MA. The organization was established in 1996. 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. Elizabeth T Fessenden Charitable 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 07/2024, Elizabeth T Fessenden Charitable Foundation generated $462.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $697.0k during the year ending 07/2024. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elizabeth T Fessenden Charitable Foundation has awarded 261 individual grants totaling $5,290,500. 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 |
|---|---|---|---|
John F Francinisee Statement Part-Time Trustee | 1 | $0 | |
Louise C Riemer Part-Time Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,765 |
| Dividends & Interest | $63,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $395,337 |
| Capital Gain Net Income | $395,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $462,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $37,001 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $697,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,382 |
| 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 | $1,387,553 |
| 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, The Elizabeth T Fessenden Charitable Foundation has awarded $660,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
152 COMMONWEALTH FOUNDATION PURPOSE: GENERAL FUNDS | $25,000 |
ACCESSPORTAMERICA PURPOSE: GENERAL FUNDS | $10,000 |
ARNOLD ARBORETUM OF HARVARD UNIVERSITY PURPOSE: GENERAL FUNDS | $20,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: GENERAL FUNDS | $35,000 |
BOSTON PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL FUNDS | $15,000 |
BOSTON SYMPHONY ORCHESTRA INC PURPOSE: GENERAL FUNDS | $40,000 |