Mollie B Foley Charitable Trust
- Assets
- $4.6m
- Revenue
- $114.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 22-6573797
Organization Overview
Mollie B Foley Charitable Trust is located in Wilmington, DE. The organization was established in 1992. 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. Mollie B Foley Charitable Trust 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, Mollie B Foley Charitable Trust generated $114.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $331.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mollie B Foley Charitable Trust has awarded 28 individual grants totaling $217,100. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara F Wand ESQ Co-Trustee | 2 | $11,609 | |
Mary B Foley Co Barbara F Wand Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $786 |
| Dividends & Interest | $104,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,561 |
| Capital Gain Net Income | $8,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $529 |
| Total Revenue | $114,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,609 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,339 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $53,074 |
| Contributions, gifts, grants paid | $278,600 |
| Total expenses and disbursements | $331,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,505 |
| Savings and temporary cash investments | $0 |
| 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 | $4,550,137 |
| 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, Mollie B Foley Charitable Trust has awarded $217,100 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S CHORUS PURPOSE: DIVERSE CHILDREN'S CHORUS IN BOSTON AREA | $3,000 |
CROSSROADS FOR KIDS PURPOSE: CAMP SCHOLARSHIPS | $3,600 |
COMMUNITY SERVINGS PURPOSE: NUTRITIONALLY APPROPRIATE MEALS FOR THOSE AFFECTED BY ILLNESS | $10,000 |
CARROL CENTER FOR THE BLIND PURPOSE: PROGRAMMING FOR CHILDREN, TEENS AND YOUNG ADULTS | $2,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: CENTER FOR WOMEN'S CANCERS | $10,000 |
DUXBURY BEACH RESERVATION INC PURPOSE: FOR GENERAL SUPPORT | $15,000 |