Poor Richards Charitable Trust
- Assets
- $50.6m
- Revenue
- $2.2m
- Investments
- $46.5m
- Employees
- 0
- Location
- Chesterbrook, PA
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 23-7909451
Organization Overview
Poor Richards Charitable Trust is located in Chesterbrook, PA. The organization was established in 1998. 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. Poor Richards 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, Poor Richards Charitable Trust generated $2.2m 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 (19.3%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Poor Richards Charitable Trust has awarded 161 individual grants totaling $12,613,150. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa S Roberts Trustee | 0 | $0 | |
David Seltzer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $329,046 |
| Dividends & Interest | $678,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $791,668 |
| Capital Gain Net Income | $791,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $417,468 |
| Total Revenue | $2,216,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $99 |
| Taxes | $11,138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $240 |
| Total operating and administrative expenses | $160,548 |
| Contributions, gifts, grants paid | $3,170,050 |
| Total expenses and disbursements | $3,330,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,843 |
| Savings and temporary cash investments | $4,096,268 |
| 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 | $13,589,664 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,612,645 |
| 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, Poor Richards Charitable Trust has awarded $3,170,050 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION ACCESS FOR ALL PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $25,000 |
BARTRAM'S GARDEN PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $10,000 |
BIRTHRIGHT ISRAEL PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $9,000 |
CELEBRATION BENJAMIN FRANKLIN FOUNDER PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $5,000 |
CENTER CITY DISTRICT FOUNDATION PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $10,000 |
CENTER FOR ARCHITECTURE DESIGN PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $175,000 |