Catherine D Sharpe Charitable Trust
- Assets
- $31.4m
- Revenue
- $2.3m
- Investments
- $1.7m
- Employees
- 0
- Location
- Radnor, PA
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 23-2057737
Organization Overview
Catherine D Sharpe Charitable Trust is located in Radnor, PA. The organization was established in 1978. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Catherine D Sharpe 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 12/2021, Catherine D Sharpe Charitable Trust generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catherine D Sharpe Charitable Trust has awarded 70 individual grants totaling $7,460,341. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF DESIGNATED 501 (C) (3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENNSYLVANIA HOSPITAL, DEPARTMENT OF NEUROSURGERY - PROVIDES PRIMARY SUPPORT FOR RESEARCH FOR THE SHARPE SPINE BIOMECHANICS LABORATORY.
THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA - FOR SCHOLARSHIP AID TO CANDIDATES FROM SOUTHEASTERN PENNSYLVANIA UNDER THE SHARPE SCHOLARSHIP PROGRAM FOR SHARPE SCHOLARS.
PRINCETON UNIVERSITY - FOR SCHOLARSHIP AID TO CANDIDATES FROM SOUTHEASTERN PENNSYLVANIA.
THE ACADEMY OF NATURAL SCIENCES - FOR THE MAINTENANCE AND EXPANSION OFITS REFERENCE LIBRARY AND FOR THE EXTENSION OF ITS TEACHING PROGRAM ANDRESEARCH FACILITIES.EXPENSES: $125,787. INCLUDING GRANTS OF: $125,787. REVENUE: $0THE FRANKLIN INSTITUTE WITH THE SUGGESTION FOR USE BY THE MUSEUMEDUCATION DEPT IN FURTHERANCE OF GROUP VISITATIONS AND INSTRUCTION FORSCHOOL AGE CHILDREN TO ENCOURAGE INTEREST IN ENGINEERING AND SCIENCE.EXPENSES: $125,787. INCLUDING GRANTS OF: $125,787. REVENUE: $0PENNSYLVANIA HOSPITAL FOR THE DEPARTMENT OF MENTAL AND NERVOUS DISEASES- THE TRUST SUGGESTS THAT, TO THE EXTENT THE NEED EXISTS FROM YEAR TOYEAR, TO PROVIDE PART OR ALL OF THE COST OF CARE FOR PATIENTS WHOOTHERWISE WOULD BE UNABLE TO AFFORD SUCH CARE, THE FUNDS BE USED FORSUCH SPECIALIZED CARE. ANY INCOME NOT SO EXPENDED MAY BE APPLIED TO THEGENERAL NEEDS OF THE DEPARTMENT.EXPENSES: $125,787. INCLUDING GRANTS OF: $125,787. REVENUE: $0THE SALVATION ARMY FOR THE PENNSYLVANIA DIVISION.EXPENSES: $62,894. INCLUDING GRANTS OF: $62,894. REVENUE: $0THE SEEING EYE FOR GENERAL SUPPORT.EXPENSES: $62,894. INCLUDING GRANTS OF: $62,894. REVENUE: $0BRYN MAWR HOSPITAL - WITH THE SUGGESTION THAT THE INCOME BE EXPENDED,ONE-HALF FOR THE PURCHASE OF X-RAY AND RELATED EQUIPMENT AND ONE-HALFFOR MAINTENANCE OF THE PORTION OF THE HOSPITAL BUILDINGS, HOUSING THELABORATORY, X-RAY AND OUT-PATIENT DEPARTMENTS, AND WITH THE FURTHERSUGGESTION THAT ANY PORTION OF THE GRANT WHICH CANNOT BE USEDPROFITABLY USED FOR SUCH PURPOSES MAY BE EXPENDED FOR THE GENERALOPERATING EXPENSES OF THE HOSPITAL.EXPENSES: $62,894. INCLUDING GRANTS OF: $62,894. REVENUE: $0DIVERSIFIED COMMUNITY SERVICES FOR THE USE OF DIXON HOUSE BRANCH.EXPENSES: $62,894. INCLUDING GRANTS OF: $62,894. REVENUE: $0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Ledwith Trustee Through 11/21/2018 | Trustee | 1 | $0 |
Henry M Kwiecinski Trustee Through 11/21/2018 | Trustee | 1 | $0 |
Haverford Trust Company Institutional Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pepper Hamilton Legal Services | 12/30/18 | $834,820 |
Bishop Associates Llp Investment Counsel | 12/30/18 | $270,304 |
Stradley Ronan Legal Services | 12/30/18 | $381,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $848,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,473,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,321,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,257,874 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200,184 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $18,188 |
| Total functional expenses | $1,476,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,947,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,715,554 |
| Investments—other securities | $1,700,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,363,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $23,169,312 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,194,123 |
| Total liabilities and net assets/fund balances | $31,363,435 |
Grants Awarded
Over the last fiscal year, Catherine D Sharpe Charitable Trust has awarded $1,257,874 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: FOR PRIMARY SUPPORT FOR RESEARCH | $251,575 |
Princeton, NJ PURPOSE: FOR SCHOLARSHIP AID | $188,681 |
Philadelphia, PA PURPOSE: FOR SCHOLARSHIP AID | $188,681 |
Philadelphia, PA PURPOSE: FOR THE MAINTENANCE | $125,787 |
Philadelphia, PA PURPOSE: DEPARTMENT OF MENTAL AND NERVOUS DISEASES | $125,787 |
Philadelphia, PA PURPOSE: SUGGESTED FOR USE BY MUSEUM EDUCATION | $125,787 |
Endowment Analysis
| Beg. Balance | $30,983,903 |
| Earnings | $2,316,558 |
| Admin Expense | $218,372 |
| Other Expense | $460,780 |
| Grants | $1,257,874 |
| Ending Balance | $31,363,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |