Elizabeth Severance Prentiss Foundation
- Assets
- $70.6m
- Revenue
- $1.1m
- Investments
- $58.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1945
- Data as of
- 12/2023
- EIN
- 34-6512433
Organization Overview
Elizabeth Severance Prentiss Foundation is located in Pittsburgh, PA. The organization was established in 1945. 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. Elizabeth Severance Prentiss 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 12/2023, Elizabeth Severance Prentiss Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Elizabeth Severance Prentiss Foundation has awarded 257 individual grants totaling $23,304,400. 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 | $2,060,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,355,736 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $407,012 |
| Total Revenue | $1,112,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $694 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,684 |
| Total operating and administrative expenses | $162,920 |
| Contributions, gifts, grants paid | $4,681,500 |
| Total expenses and disbursements | $4,844,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,401,032 |
| 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 | $45,061,067 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,663,586 |
| Total assets | $70,612,390 |
| 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, Elizabeth Severance Prentiss Foundation has awarded $4,681,500 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE COUNTY FREE CLINIC PURPOSE: EXPANDING ACCESS TO CARE; | $75,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: SUPPORT ECON DISADVANTAGED | $25,000 |
KENT STATE UNIVERSITY FOUNDATION PURPOSE: MOBILE WELLNESS PROGRAM | $100,000 |
UNIVERSITY HOSPITALS HEALTH SYSTEM PURPOSE: GENERAL OPERATING | $150,000 |
SALVATION ARMY NORTHEAST OHIO PURPOSE: ABUSE RECOVERY PROGRAM | $25,000 |
ACHIEVEMENT CENTERS FOR CHILDREN PURPOSE: OCCUPATIONAL, PHYSICAL & | $100,000 |