R Dale & Francis M Hughes Foundatn Tr
- Assets
- $39.5m
- Revenue
- $3.5m
- Investments
- $39.3m
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 23-7914215
Organization Overview
R Dale & Francis M Hughes Foundatn Tr is located in Lancaster, PA. The organization was established in 1997. 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. R Dale & Francis M Hughes Foundatn Tr 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 12/2021, R Dale & Francis M Hughes Foundatn Tr generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, R Dale & Francis M Hughes Foundatn Tr has awarded 75 individual grants totaling $7,195,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 10 | $228,301 | |
Kevin D Hughes Co-Trustee | 3 | $28,730 | |
Carl E Hughes Co-Trustee | 3 | $28,730 | |
Patricia G Hughes Co-Trustee | 3 | $28,730 | |
Scott R Hughes Co-Trustee | 3 | $28,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,218,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,312,530 |
| Capital Gain Net Income | $2,312,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,654 |
| Total Revenue | $3,537,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $343,221 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $447,543 |
| Contributions, gifts, grants paid | $2,500,000 |
| Total expenses and disbursements | $2,947,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $174,949 |
| 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 | $12,541,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,504,998 |
| 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, R Dale & Francis M Hughes Foundatn Tr has awarded $2,500,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
MONROE COUNTY HISTORICAL ASSOCIATION PURPOSE: OPERATIONS | $871,912 |
Allentown, PA PURPOSE: CANCER CENTER PLEDGE | $300,000 |
East Stroudsburg, PA PURPOSE: ART & DESIGN DEPT. & | $205,700 |
POCONO MOUNTAIN REGIONAL EMS PURPOSE: EMERGENCY SERVICES | $147,440 |
EASTERN MONROE PUBLIC LIBRARY PURPOSE: OPERATIONS | $144,265 |
SALVATION ARMY PURPOSE: EAST STROUDSBURG OPERATIONS | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |