Poise Foundation

Organization Overview

Poise Foundation is located in Pittsburgh, PA. The organization was established in 1981. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Poise Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poise 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, Poise Foundation generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 11.0% 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 2019, Poise Foundation has awarded 223 individual grants totaling $5,342,885. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST THE PITTSBURGH REGION'S BLACK COMMUNITY IN ACHIEVING SELF-SUSTAINING PRACTICES, THROUGH STRATEGIC LEADERSHIP, COLLECTIVE GIVING, GRANTMAKING AND ADVOCACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GRANTS AND PROGRAM SUPPORT TO ORGANIZATIONS THAT ARE DESIGNED TO STRENGTHEN EDUCATIONAL, ECONOMIC OR CULTURAL OPPORTUNITIES FOR THE BLACK COMMUNITY. THE FOUNDATION PROVIDES GRANTS TO NONPROFIT CHARITABLE ORGANIZATIONS THAT EXECUTE PROGRAMS AND SERVICES IN LINE WITH THE FOUNDATION'S MISSION. THIS ALSO INCLUDES PROVIDING GRANTS AND ADMINISTRATION SERVICES FOR THIRD PARTY ORGANIZATIONS DUE TO FOUNDATION'S GRANTS ADMINISTRATION EXPERTISE AND KNOWLEDGE AND RELATIONSHIP TO THE COMMUNITY SERVED.


POISE ACTS AS A FISCAL SPONSOR FOR VARIOUS PROGRAMS, PROJECTS AND ORGANIZATIONS THAT ARE NOT DEFINED AS CHARITABLE ORGANIZATIONS BASED ON THE INTERNAL REVENUE CODE OR QUALIFIED ORGANIZATIONS SEEKING TO INCREASE THEIR CAPICITY THROUGH FISCAL SPONSORSHIP.


EDUCATION IMPROVEMENT TAX CREDIT. PROVIDED SCHOLARSHIPS TO FAMILIES ATTENDING PRIVATE SCHOOLS FOR PRE KINDERGARTEN THROUGH TWELFTH GRADE. THIS PROGRAM IS FUNDED BY CORPORATE AND OTHER QUALIFYING DONATIONS WHICH PROVIDE THE DONORS A TAX CREDIT TOWARDS THEIR PENNSYLVANIA TAX LIABILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Lewis
President
$123,000
Karris Jackson
Chief Operating Officer
$115,500
Dale C Perdue
Secretary
$0
Gregory R Spencer
Chair
$0
Darrell E Smalley
Treasurer
$0
Edward E Guy
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,000
All other contributions, gifts, grants, and similar amounts not included above$10,070,289
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,075,289
Total Program Service Revenue$101,153
Investment income $379,802
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $118,650
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,674,894

Grants Awarded

Over the last fiscal year, Poise Foundation has awarded $2,811,982 in support to 89 organizations.

Grant RecipientAmount

THE ADVANCED LEADERSHIP INSTITUTE

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: PROGRAM SUPPORT

$1,152,136

ALLIANCE FOR POLICE ACCOUNTABILITY

PURPOSE: PROGRAM SUPPORT

$550,000

TRINITY CHRISTIAN SCHOOL

Org PageRecipient Profile

Wilkinsburg, PA

PURPOSE: SCHOLARSHIPS

$61,141

PITTSBURGH HARDBALL ACADEMY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: PROGRAM SUPPORT

$45,992

BROTHERS AND SISTERS EMERGING

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: PROGRAM SUPPORT

$32,500

Pittsburgh, PA

PURPOSE: PROGRAM SUPPORT

$26,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 47 grants that Poise Foundation has recieved totaling $10,248,291.

Awarding OrganizationAmount
The Heinz Endowments

Pittsburgh, PA

PURPOSE: TO SUPPORT THE PITTSBURGH CULTURAL TREASURES INITIATIVE, IN PARTNERSHIP WITH THE FORD FOUNDATION AND THE POISE FOUNDATION

$4,000,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR SEED FUNDING FOR PITTSBURGH'S CULTURAL TREASURES INITIATIVE TO SUPPORT LOCAL ARTS AND CULTURAL ACTIVITIES

$1,250,000
The Heinz Endowments

Pittsburgh, PA

PURPOSE: TO SUPPORT THE PITTSBURGH CULTURAL TREASURES INITIATIVE, IN PARTNERSHIP WITH THE FORD FOUNDATION AND THE POISE FOUNDATION

$875,000
Richard King Mellon Foundation Dtd 01-01-47

Pittsburgh, PA

PURPOSE: TO PROVIDE NONPROFIT EXECUTIVES WITH ACCESS TO A SABBATICAL PROGRAM

$340,000
Richard King Mellon Foundation Dtd 01-01-47

Pittsburgh, PA

PURPOSE: TO PROVIDE NONPROFIT EXECUTIVES WITH ACCESS TO A SABBATICAL PROGRAM

$340,000
Richard King Mellon Foundation Dtd 01-01-47

Pittsburgh, PA

PURPOSE: TOWARD SUPPORT OF THE COMMUNITY WEALTH IMPACT NOTES PROGRAM TO HELP COMMUNITY RESIDENTS IN CHANGING NEIGHBORHOODS, AND OTHERS, GROW INCOME, INCREASE INVESTMENT ACUMEN, AND DIRECTLY BENEFIT FROM INCREASES IN PROPERTY VALUE

$316,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,519,919
Earnings$989,961
Net Contributions$427,694
Other Expense$304,646
Grants$209,401
Ending Balance$7,423,527

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