Walden Trust
- Assets
- $154.6k
- Revenue
- $125.8k
- Investments
- $152.5k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1963
- Data as of
- 12/2022
- EIN
- 25-6027635
Organization Overview
Walden Trust is located in Pittsburgh, PA. The organization was established in 1963. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Walden Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Walden Trust has awarded 153 individual grants totaling $231,550. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES VARIOUS GRANTS,SEE ATTACHMENT TO PART XV, AND ALL EXPENSES RELATE TO THE GRANT MAKING PROCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Phipps Hoffstot III Trustee | 0 | $0 | |
Maeve U Hoffstot Trustee | 0 | $0 | |
Henry F Hoffstot Trustee | 0 | $0 | |
Daryln B Hoffstot Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,368 |
| Interest on Savings | $15 |
| Dividends & Interest | $28,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,204 |
| Capital Gain Net Income | $14,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $125,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,444 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $4,718 |
| Contributions, gifts, grants paid | $63,350 |
| Total expenses and disbursements | $68,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,138 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $154,603 |
| 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, Walden Trust has awarded $63,350 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY CEMETERY PURPOSE: ENDOWMENT | $3,500 |
BALMORAL SCHOOL OF PIPING PURPOSE: UNRESTRICTED | $250 |
BAND OF BROTHERS SHAKESPEARE COMPANY PURPOSE: 2023 PRODUCTION OF SHAKESPEARE PLAY | $1,500 |
BATH & TENNIS HISTORIC BUILDING PRESERVATION FOUNDATION INC PURPOSE: UNRESTRICTED | $1,000 |
EPIPHANY SCHOOL PURPOSE: UNRESTRICTED | $750 |
EVERGLADES FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |