H Smith Richardson Charitable Trust
- Assets
- $66.8m
- Revenue
- $6.7m
- Investments
- $66.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 23-7245123
Organization Overview
H Smith Richardson Charitable Trust is located in Greensboro, NC. The organization was established in 1972. 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. H Smith Richardson 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 12/2023, H Smith Richardson Charitable Trust generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H Smith Richardson Charitable Trust has awarded 20 individual grants totaling $10,006,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Gerhard Anderson III Trustee | 1 | $0 | |
John P Richardson Jr Trustee | 1 | $0 | |
Tyler B Richardson Trustee | 1 | $0 | |
Nicolas L Richardson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $910,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,033,856 |
| Capital Gain Net Income | $2,032,034 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,759,860 |
| Total Revenue | $6,703,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,611 |
| Printing and publications | $0 |
| Other expenses | $36,761 |
| Total operating and administrative expenses | $689,257 |
| Contributions, gifts, grants paid | $1,987,000 |
| Total expenses and disbursements | $2,676,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,266 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $374 |
| 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 | $66,787,617 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,417 |
| Total assets | $66,823,674 |
| Accounts payable and accrued expenses | $14,716 |
| 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 | $287,000 |
| Total liabilities | $301,716 |
Grants Awarded
Over the last fiscal year, H Smith Richardson Charitable Trust has awarded $1,987,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAILING FOUNDATION OF THE YACHT CLUB OF SEA ISLE CITY INC PURPOSE: GENERAL SUPPORT | $3,000 |
WESTON VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,000 |
GREENS FARMS ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |
LAFAYETTE COLLEGE PURPOSE: GENERAL SUPPORT | $10,000 |
SMITH RICHARDSON FOUNDATION INC PURPOSE: FLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS. | $1,967,000 |