H Smith Richardson Charitable Trust
- Assets
- $74.2m
- Revenue
- $10.2m
- Investments
- $74.2m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 12/1972
- Data as of
- 12/2021
- 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas L Richardson Trustee | 1 | $0 | |
John P Richardson Jr Trustee | 1 | $0 | |
C Gerhard Anderson III Trustee | 1 | $0 | |
Tyler B Richardson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $870,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,398,895 |
| Capital Gain Net Income | $7,393,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,902,596 |
| Total Revenue | $10,172,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,746 |
| Total operating and administrative expenses | $783,804 |
| Contributions, gifts, grants paid | $2,429,000 |
| Total expenses and disbursements | $3,212,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,630 |
| 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 | $74,152,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,534 |
| Total assets | $74,178,453 |
| Accounts payable and accrued expenses | $447 |
| 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 | $338,000 |
| Total liabilities | $338,447 |
Grants Awarded
Over the last fiscal year, H Smith Richardson Charitable Trust has awarded $2,429,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: FLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS. | $2,409,000 |
Easton, PA PURPOSE: GENERAL SUPPORT | $10,000 |
GREENS FARMS ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |
Sea Isle City, NJ PURPOSE: GENERAL SUPPORT | $3,000 |
WESTON VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |