Fred F Silk Charitable Foundation
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, OH
- Founding
- 03/1991
- Data as of
- 09/2021
- EIN
- 34-1651258
Organization Overview
Fred F Silk Charitable Foundation is located in Louisville, OH. The organization was established in 1991. 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. Fred F Silk Charitable Foundation 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 09/2021, Fred F Silk Charitable Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $18.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fred F Silk Charitable Foundation has awarded 129 individual grants totaling $21,371,257. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Fox ESQ Trustee | 6 | $80,000 | |
Paul J Helmuth CPA CFP Trustee | 10 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $269 |
| Dividends & Interest | $517,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,185,912 |
| Capital Gain Net Income | $2,185,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,703,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,258 |
| Total operating and administrative expenses | $191,152 |
| Contributions, gifts, grants paid | $18,578,984 |
| Total expenses and disbursements | $18,770,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Fred F Silk Charitable Foundation has awarded $18,578,984 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
STARK STATE COLLEGE FOUNDATION PURPOSE: STUDENT EMERGENCY FUND | $200,000 |
GOSHEN COLLEGE PURPOSE: ENDOWED SCHOLARSHIP FUND | $18,500 |
CANTON SYMPHONY ORCHESTRA ASSOCIATION PURPOSE: ENDOWMENT FUND | $20,000 |
PATHWAY CARING FOR CHILDREN PURPOSE: CURRENT OPERATIONS | $8,000 |
AULTMAN COLLEGE PURPOSE: SCHOLARSHIP FUND | $15,000 |
THE LOUISVILLE SCHOLARSHIP FOUNDATION PURPOSE: ENDOWED SCHOLARSHIP FUND | $1,000 |