Merle E&olive Lee Gilliand Tr Foundation
- Assets
- $10.7m
- Revenue
- $526.1k
- Investments
- $10.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2014
- Data as of
- 06/2023
- EIN
- 38-7099186
Organization Overview
Merle E&olive Lee Gilliand Tr Foundation is located in Pittsburgh, PA. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merle E&olive Lee Gilliand Tr 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 06/2023, Merle E&olive Lee Gilliand Tr Foundation generated $526.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 7 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 2015, Merle E&olive Lee Gilliand Tr Foundation has awarded 34 individual grants totaling $5,504,500. 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 |
|---|---|---|---|
Jay Ferguson Co-Trustee | 11 | $51,189 | |
Pnc Bank N A Co-Trustee | 20 | $98,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $425,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,652 |
| Capital Gain Net Income | $100,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89 |
| Total Revenue | $526,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,629 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,182 |
| Total operating and administrative expenses | $172,610 |
| Contributions, gifts, grants paid | $874,500 |
| Total expenses and disbursements | $1,047,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $126,853 |
| 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 | $5,468,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $72,811 |
| Total assets | $10,680,423 |
| 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, Merle E&olive Lee Gilliand Tr Foundation has awarded $874,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL SUPPORT | $50,000 |
DUQUESNE UNIVERSITY PURPOSE: SUPPORT & ENTREPRENERIAL | $745,000 |
XAVIER UNIVERSITY PURPOSE: GENERAL SUPPORT | $50,000 |
PITTSBURGH THEOLOGICAL SEMINARY PURPOSE: GENERAL SUPPORT | $29,500 |