Henry M Rowan Family Foundation Inc
- Assets
- $0.0
- Revenue
- $41.7m
- Investments
- $274.2m
- Employees
- 0
- Location
- Rancocas, NJ
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 22-3655770
Organization Overview
Henry M Rowan Family Foundation Inc is located in Rancocas, NJ. The organization was established in 1999. 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. Henry M Rowan Family 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 12/2021, Henry M Rowan Family Foundation Inc generated $41.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $16.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Henry M Rowan Family Foundation Inc has awarded 228 individual grants totaling $72,145,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HENRY M. ROWAN FOUNDATION DOES NOT CONDUCT DIRECTCHARITABLE ACTIVITIES, BUT RATHER CONTRIBUTES TO OTHERCHARITABLE ORGANIZATIONS CARRYING OUT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia R Smith President, Trustee | 2 | $0 | |
Manning J Smith III Sec/treasurer, Trustee | 2 | $0 | |
Gilbert A Gehin-Scott Trustee | 2 | $0 | |
Eleanor Rowan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138 |
| Dividends & Interest | $6,583,650 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,696,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,307,096 |
| Contributions, gifts, grants paid | $15,000,000 |
| Total expenses and disbursements | $16,307,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,470 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,868,750 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Henry M Rowan Family Foundation Inc has awarded $13,500,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ASM MATERIALS EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
BATTLESHIP NEW JERSEY PURPOSE: GENERAL SUPPORT | $60,000 |
BIKE AND BUILD PURPOSE: GENERAL SUPPORT | $65,000 |
BOB WOODRUFF FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
BRIGHT FOCUS FOUNDATION PURPOSE: GENERAL SUPPORT | $40,000 |
CAMP CADET - TROOP K PURPOSE: GENERAL SUPPORT | $100,000 |