The Frances R Luther Charitable Trust
- Assets
- $37.8m
- Revenue
- $9.1m
- Investments
- $36.9m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 31-6646985
Organization Overview
The Frances R Luther Charitable Trust is located in Cincinnati, OH. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Frances R Luther Charitable 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 12/2022, Frances R Luther Charitable Trust generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 4 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 2019, Frances R Luther Charitable Trust has awarded 133 individual grants totaling $7,940,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fifth Third Bank N A Co-Trustee | 1 | $361,826 | |
Narley L Haley Until Feb 2022 Co-Trustee | 1 | $3,209 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,289,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,785,206 |
| Capital Gain Net Income | $7,785,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,074,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $365,035 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $209,570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $577 |
| Total operating and administrative expenses | $576,357 |
| Contributions, gifts, grants paid | $2,920,000 |
| Total expenses and disbursements | $3,496,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $886,147 |
| 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 | $9,797,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,820,154 |
| 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, The Frances R Luther Charitable Trust has awarded $2,920,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
CLIFTON CULTURAL ARTS CENTER PURPOSE: PROJECT/PROGRAM SUPPORT | $100,000 |
TAFT MUSEUM OF ART PURPOSE: PROJECT/PROGRAM SUPPORT | $100,000 |
CINCINNATI USA REGIONAL CHAMBER FDTN PURPOSE: PROJECT/PROGRAM SUPPORT | $100,000 |
FREESTORE FOODBANK PURPOSE: PROJECT/PROGRAM SUPPORT | $100,000 |
PUBLIC LIBRARY OF CINCINNATI & HAMILTON PURPOSE: PROJECT/PROGRAM SUPPORT | $25,000 |
CINCINNATI MEMORIAL HALL SOCIETY PURPOSE: PROJECT/PROGRAM SUPPORT | $25,000 |