Carleton F & Ruth T Davidson Trust
- Assets
- $9.1m
- Revenue
- $520.3k
- Investments
- $7.4m
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 31-6328010
The information for Carleton F & Ruth T Davidson Trust is as of the organization's most recent filing in December '21. This organization is located in Springfield, OH. It has been in existence for 33 years, following its founding in 1988.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Carleton F & Ruth T Davidson Trust's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments. These foundations are focused primarily on grantmaking and generally do not actively raise funds or seek public financial support. They are often endowed by a single individual or family and are considered family foundations if relatives or the original donor are still active in the foundation's operation. The Carleton F & Ruth T Davidson Trust is also a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the IRS.
Grant History
Our dataset includes seven years of grant history for the Carleton F & Ruth T Davidson Trust. Over the course of these seven years, they have awarded a total of 131 grants, with an average check size of $18,512. On average, the organization awards 19 grants each year. The grants awarded by the Carleton F & Ruth T Davidson Trust are distributed across various NTEE sectors, with the highest number of grants awarded in the Education sector (5), followed by Community Improvement & Capacity Building (5), and Religion-Related (4). The organization primarily awards grants in the state of Ohio, with all 131 grants being awarded in this state.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Stuckey Trustee | 10 | $34,688 | |
Robert N Lancaster Jr Trustee | 10 | $19,375 | |
Ronny E Shumaker Trustee | 10 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $181,149 |
| Dividends & Interest | $88,836 |
| Net Rental Income | -$28,998 |
| Net Gain on Sale of Assets | $237,339 |
| Capital Gain Net Income | $237,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $520,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,063 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,742 |
| Total operating and administrative expenses | $164,782 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $584,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,354,016 |
| 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 | $76,474 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,539,685 |
| Net Land, buildings, and equipment | $270,000 |
| Other assets | $0 |
| Total assets | $9,051,760 |
| 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, Carleton F & Ruth T Davidson Trust has awarded $420,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGFIELD MUSEUM OF ART PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $75,000 |
COMMUNITY IMPROVEMENT CORPORATION PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $40,000 |
SOUTH CHARLESTON COMMUNITY PARK PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $30,000 |
CLARK CO JAIL CHAPLAINCY PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
Springfield, OH PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
NEW HOPE CHURCH PURPOSE: FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |