Ign Foundation
- Assets
- $7.9m
- Revenue
- $401.2k
- Investments
- $7.8m
- Employees
- 0
- Location
- West Chester, PA
- Founding
- 12/1990
- Data as of
- 06/2024
- EIN
- 23-7653516
Organization Overview
Ign Foundation is located in West Chester, PA. The organization was established in 1990. 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. Ign 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 06/2024, Ign Foundation generated $401.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $452.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ign Foundation has awarded 158 individual grants totaling $3,944,553. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $309 |
| Dividends & Interest | $224,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,702 |
| Capital Gain Net Income | $176,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $401,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $27,841 |
| Contributions, gifts, grants paid | $425,000 |
| Total expenses and disbursements | $452,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,794 |
| 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 | $7,936,087 |
| 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, Ign Foundation has awarded $425,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
A BABYS BREATH PURPOSE: GENERAL PURPOSE | $10,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: GENERAL PURPOSE | $125,000 |
BOYS & GIRLS CLUB OF DELAWARE PURPOSE: GENERAL PURPOSE | $50,000 |
LASALLE ACADEMY PURPOSE: GENERAL PURPOSE | $10,000 |
PKD FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
MONTGOMERY CHILD ADVOCACY PROJECT PURPOSE: GENERAL PURPOSE | $75,000 |