Verland Endowment

Organization Overview

Verland Endowment is located in Sewickley, PA. The organization was established in 1984. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Verland Endowment 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 06/2021, Verland Endowment generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $700.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Verland Endowment has awarded 11 individual grants totaling $2,722,603. 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

VERLAND ENDOWMENT PROVIDES SUPPORT TO THE VERLAND SYSTEM BY SOLICITING, MAINTAINING AND INVESTING AN ENDOWMENT FUND OF FUNDS TO BE USED TO MAKE CAPITAL CONTRIBUTIONS, GRANTS AND LOANS FOR FACILITY MAINTENANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VERLAND ENDOWMENT PROVIDES SUPPORT TO MEMBERS OF THE VERLAND SYSTEM BY SOLICITING, MAINTAINING AND INVESTING AN ENDOWMENT FUND OF FUNDS TO BE USED FOR THE GENERAL FINANCIAL SYSTEM, INCLUDING THE MAKING OF CAPITAL CONTRIBUTIONS, GRANTS AND LOANS FOR THE PURPOSE OF MAINTENANCE OF FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel O'malley
Chairperson
$0
Paul B Long
Secretary
$0
William F Harriger
President CEO
$0
Carol B Mitchell
Deputy CEO
$0
Jon M Thomas
Vice Chairperson
$0
David P Dussel
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$58,148
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$58,148
Total Program Service Revenue$0
Investment income $251,235
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,502,713
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,812,096

Grants Awarded

Over the last fiscal year, Verland Endowment has awarded $1,085,964 in support to 4 organizations.

Grant RecipientAmount

Sewickley, PA

PURPOSE: Operating Costs

$342,982

Sewickley, PA

PURPOSE: Operating Costs

$342,982

THE VERLAND FOUNDATION INC

Org PageRecipient Profile

Sewickley, PA

PURPOSE: Fixed Assets

$200,000

THE VERLAND FOUNDATION INC

Org PageRecipient Profile

Sewickley, PA

PURPOSE: Fixed Assets

$200,000
View Grant Profile

Endowment Analysis

Beg. Balance$15,048,355
Earnings$2,831,443
Admin Expense$84,505
Net Contributions$58,148
Other Expense$616,000
Ending Balance$17,237,441

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