Verna M Griffee Trust
- Assets
- $1.0m
- Revenue
- $151.8k
- Investments
- $975.0k
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 31-6103083
Organization Overview
Verna M Griffee Trust is located in Columbus, OH. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Verna M Griffee Trust 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, Verna M Griffee Trust generated $151.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $78.1k during the year ending 12/2021. While expenses have increased by 0.3% 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 2015, Verna M Griffee Trust has awarded 613 individual grants totaling $367,831. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $123,074 |
| Capital Gain Net Income | $123,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,222 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $17,204 |
| Contributions, gifts, grants paid | $60,900 |
| Total expenses and disbursements | $78,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,935 |
| 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 | $1,020,909 |
| 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, Verna M Griffee Trust has awarded $60,900 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO UNIVERSITY PURPOSE: SCHOLARSHIP | $8,700 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP | $7,250 |
New Concord, OH PURPOSE: SCHOLARSHIP | $5,800 |
ZANES STATE COLLEGE PURPOSE: SCHOLARSHIP | $5,800 |
Columbus, OH PURPOSE: SCHOLARSHIP | $4,350 |
YOUNGSTOWN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |