Aec Trust
- Assets
- $31.1m
- Revenue
- $5.3m
- Investments
- $30.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/1981
- Data as of
- 12/2022
- EIN
- 36-6725987
Organization Overview
Aec Trust is located in Wilmington, DE. The organization was established in 1981. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Aec 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, Aec Trust generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 12.8% per year over the past 6 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 2018, Aec Trust has awarded 604 individual grants totaling $11,999,624. 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 |
|---|---|---|---|
Cibc National Trust Company Trustee | 1 | $213,456 | |
Edith Dee Cofrin Advisory Board Chair | 1 | $0 | |
David H Cofrin Advisory Board Member | 1 | $0 | |
Mary Ann P Cofrin Advisory Board Member | 1 | $0 | |
Paige Cofrin Advisory Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,999 |
| Dividends & Interest | $756,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,572,309 |
| Capital Gain Net Income | $4,572,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,348,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $213,456 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,961 |
| Total operating and administrative expenses | $257,403 |
| Contributions, gifts, grants paid | $2,823,300 |
| Total expenses and disbursements | $3,080,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $418,916 |
| 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 | $700,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,108,842 |
| 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, Aec Trust has awarded $2,823,300 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: BUILDING THE VISION: NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS EXPANSION FOR CAPITAL AND PROGRAM | $250,000 |
Gainesville, FL PURPOSE: HARN MUSEUM OF ART GENERAL OPERATING SUPPORT | $150,000 |
Gainesville, FL PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Gainesville, FL PURPOSE: FLORIDA MUSEUM OF NATURAL HISTORY EXPANSION PROJECT, BUILDING AND RENOVATION FUND | $100,000 |
Washington, DC PURPOSE: ORGANIZING RESILIENCE, FIONA COMMUNITY RESPONSE FUND | $75,000 |
Smithfield, RI PURPOSE: AVIAN RESEARCH AND URBAN ENVIRONMENTAL EDUCATION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |