Triford Foundation
- Assets
- $3.0m
- Revenue
- $122.4k
- Investments
- $2.9m
- Employees
- 0
- Location
- Sterling Heights, MI
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 23-7003478
Organization Overview
Triford Foundation is located in Sterling Heights, MI. The organization was established in 1968. 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. Triford 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 12/2023, Triford Foundation generated $122.4k 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 (4.4%) each year. All expenses for the organization totaled $337.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Triford Foundation has awarded 564 individual grants totaling $2,325,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS EXEMPT PURPOSES ARE CARRIED OUT ONLY THROUGH INDIRECT CHARITABLE EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick B Ford President/tr | 1 | $0 | |
Susan S Ford Secretary/tr | 1 | $0 | |
James W Ford Vp/trustee | 1 | $0 | |
Esther Lee Ford Treasurer/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,388 |
| Dividends & Interest | $114,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,338 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,213 |
| Depreciation | $0 |
| Occupancy | $11,225 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,030 |
| Total operating and administrative expenses | $37,731 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $337,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,977 |
| Savings and temporary cash investments | $82,980 |
| 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 | $3,009,613 |
| 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, Triford Foundation has awarded $300,000 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
BRADYWINE CONS & MUSEUM OF ART PURPOSE: CHARITABLE | $1,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $2,150 |
CAMP DAGGETT PURPOSE: CHARITABLE | $8,000 |
CHALLENGE MOUNTAIN PURPOSE: CHARITABLE | $2,250 |
COMMUNITY FOUNDATION OF NE MI PURPOSE: CHARITABLE | $500 |
CHRIS ANTHONY YOUTH INITIATIVE FOUN PURPOSE: CHARITABLE | $2,100 |