Scott Family Foundation
- Assets
- $10.1m
- Revenue
- $196.5k
- Investments
- $8.4m
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 36-7287571
Organization Overview
Scott Family Foundation is located in Hobe Sound, FL. The organization was established in 1999. 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. Scott Family 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, Scott Family Foundation generated $196.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $411.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Scott Family Foundation has awarded 540 individual grants totaling $4,597,135. 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 |
|---|---|---|---|
Stuart L Scott Deceased 22519 Trustee | 1 | $0 | |
Anne O Scott Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,959 |
| Dividends & Interest | $144,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,532 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,535 |
| Total Revenue | $196,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,381 |
| Total operating and administrative expenses | $222,179 |
| Contributions, gifts, grants paid | $189,000 |
| Total expenses and disbursements | $411,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,187 |
| 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 | $8,382,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,146,888 |
| 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, Scott Family Foundation has awarded $189,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: MEDICAL RESEARCH | $1,500 |
AMERICAN RED CROSS PURPOSE: HUMAN SERVICES | $1,800 |
AMERICAN RIVERS PURPOSE: NATURE CONSERVATION | $3,000 |
BIG HEART RANCH PURPOSE: YOUTH SERVICES | $2,500 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: MEDICAL RESEARCH | $3,500 |
CHERRY HILLS VILLAGE SCHOOL PTCO PURPOSE: EDUCATION | $500 |