Westminster Retirement Communities Foundation Inc

Organization Overview

Westminster Retirement Communities Foundation Inc, operating under the name F, is located in Orlando, FL. The organization was established in 1993. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F 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 03/2022, F generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.9m during the year ending 03/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, F has awarded 79 individual grants totaling $46,854,461. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO PRESBYTERIAN RETIREMENT COMMUNITIES, INC., WESTMINSTER RETIREMENT COMMUNITIES, INC. AND THEIR AFFILIATES.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Dye
Secretary
$0
John Hillenmeyer
Chairman / P
$0
Terence Rogers
Exec Vp/assi
$0
Henry T Keith
Senior Vp/tr
$0
William Bell
Director
$0
Robert Stewart
Director
$0

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$3,491,186
Noncash contributions included in lines 1a–1f $18,991
Total Revenue from Contributions, Gifts, Grants & Similar$3,491,186
Total Program Service Revenue$0
Investment income $1,882,679
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,088,671
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,462,536

Grants Awarded

Over the last fiscal year, Westminster Retirement Communities Foundation Inc has awarded $2,461,571 in support to 8 organizations.

Grant RecipientAmount

PRESBYTERIAN RETIREMENT COMMUNITIES

Org PageRecipient Profile

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$1,394,145

WESTMINSTER SERVICES INC

Org PageRecipient Profile

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$552,662

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$243,894

WESTMINSTER SHORES INC

Org PageRecipient Profile

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$148,694

SUNCOAST MANOR RETIREMENT COMMUNITY

Org PageRecipient Profile

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$52,548

PALM SHORES RETIREMENT COMMUNITY

Org PageRecipient Profile

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$37,761
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Westminster Retirement Communities Foundation Inc has recieved totaling $117,236.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$115,000
Lincoln Financial Foundation Inc

Radnor, PA

PURPOSE: MATCHING GIFT

$1,250
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$736
Dolores Douglas Foundation

Toledo, OH

PURPOSE: CHARITABLE PURPOSE

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,970,134
Net Contributions$514,087
Ending Balance$31,484,221

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