Addison Gibson Foundation
- Assets
- $46.5m
- Revenue
- $11.6m
- Investments
- $42.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1940
- Data as of
- 12/2021
- EIN
- 25-0965379
Organization Overview
Addison Gibson Foundation is located in Pittsburgh, PA. The organization was established in 1940. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Addison Gibson 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 12/2021, Addison Gibson Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 16.2% 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 2014, Addison Gibson Foundation has awarded 11 individual grants totaling $2,281,706. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED SCHOLARSHIPS TO INDIVIDUALS FOR STUDY AT VARIOUS INSTITUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank Na Co-Trustee | 25 | $121,510 | |
Timothy M Slavish Co-Trustee | 6 | $30,378 | |
Douglas Gilbert ESQ Co-Trustee | 6 | $30,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,050,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,794,019 |
| Capital Gain Net Income | $4,794,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,789,560 |
| Total Revenue | $11,633,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,265 |
| Other employee salaries and wages | $418 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,212,106 |
| Total operating and administrative expenses | $4,470,562 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,470,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,833,706 |
| 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 | $35,890,918 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,476,159 |
| Total assets | $46,529,076 |
| 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, Addison Gibson Foundation has awarded $14,073 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PITTSBURGH PURPOSE: DENTAL SERVICES PROVIDED TO | $11,086 |
STEVE J KUKUNAS DDS PURPOSE: CLAIM FOR SERVICES RENDERED | $1,575 |
THREE RIVERS ENDODONTICS PURPOSE: DENTAL SERVICES | $1,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |