Walter Henry Freygang Foundation
- Assets
- $5.8m
- Revenue
- $534.7k
- Investments
- $5.4m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 10/1950
- Data as of
- 08/2023
- EIN
- 22-6027952
Organization Overview
Walter Henry Freygang Foundation is located in Akron, OH. The organization was established in 1950. 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. Walter Henry Freygang 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 08/2023, Walter Henry Freygang Foundation generated $534.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $846.4k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter Henry Freygang Foundation has awarded 665 individual grants totaling $5,105,887. 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 |
|---|---|---|---|
Antje Freygang Trustee | 1 | $0 | |
Dale G Freygang Pres/treas | 3 | $150 | |
Edward Drennan Trustee | 1 | $150 | |
James Drennan Trustee | 2 | $150 | |
Katherine A Freygang Vice President | 1 | $0 | |
Steven Freygang Secretary | 1 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34,092 |
| Dividends & Interest | $201,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,163 |
| Capital Gain Net Income | $299,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $180 |
| Total Revenue | $534,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,082 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $111,421 |
| Contributions, gifts, grants paid | $735,000 |
| Total expenses and disbursements | $846,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $438,341 |
| 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 | $5,805,466 |
| 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, Walter Henry Freygang Foundation has awarded $735,000 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $30,690 |
ALZHEIMERS ASSOC PURPOSE: MEDICAL RESEARCH | $8,540 |
AMERICAN PRINTING HOUSE FOR THE BLIND PURPOSE: GENERAL SUPPORT | $12,970 |
BONNIE BRAE PURPOSE: TROUBLED YOUTH FACILITY | $9,480 |
CAMP ACORN INC PURPOSE: GENERAL SUPPORT | $9,990 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: GENERAL SUPPORT | $9,590 |