Willowcroft Foundation
- Assets
- $2.1m
- Revenue
- -$21.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 12/2009
- Data as of
- 06/2021
- EIN
- 27-0560959
Organization Overview
Willowcroft Foundation is located in Leesburg, VA. The organization was established in 2009. 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. Willowcroft Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Willowcroft Foundation has awarded 17 individual grants totaling $825,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVIEWED THE INVESTMENT PORTFOLIO FOR THE FUND AND INITIATED CHANGES TO INCREASE INCOME FOR FUTURE GRANTS.
REVIEWED NINE APPLICATION REQUESTS WITH QUALIFYING SCIENCE AND SELECTED FIVE AND FUNDED THREE.
REVIEWED THE PARTICIPATING TYPES OF MEDICAL SCIENCES TO SEE IF THERE WERE NEEDED ADDITIONS.
CONTINUED THE EXPANDED GRANT RELATIONSHIP WITH THE UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE DEPARTMENT OF SURGERY FOR RESEARCH WORK OF DR. CLIFF STAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis E S Parker President | 1 | $0 | |
Andrea L Cox Director | 0 | $0 | |
Lara Parker Major Director | 0 | $0 | |
Wayne M Zell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $32,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$54,587 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$21,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,866 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $41,653 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $241,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,322 |
| 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 | $2,082,570 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,020 |
| 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 | $3,020 |
Grants Awarded
Over the last fiscal year, Willowcroft Foundation has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE DEPARTMENT OF SURGERY PURPOSE: GRANT 2101 - DR. CLIFF STAINS | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2102 - DR. KIMBERLY M. DAVIS | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2104 - DR. FRANK HOUSSEAU | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2103 - DR. JAMIE SPANGLER | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |