Jean And Bernas Downing Charitable Tr
- Assets
- $23.0m
- Revenue
- $1.1m
- Investments
- $22.0m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 38-7134032
Organization Overview
Jean And Bernas Downing Charitable Tr is located in Indianapolis, IN. The organization was established in 2015. 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. Jean And Bernas Downing Charitable Tr 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, Jean And Bernas Downing Charitable Tr generated $1.1m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2023.
Since 2020, Jean And Bernas Downing Charitable Tr has awarded 25 individual grants totaling $2,750,801. 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 |
|---|---|---|---|
Robert W Elzer Trustee | 0 | $0 | |
Michael A Rasor Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163,383 |
| Dividends & Interest | $535,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $412,039 |
| Capital Gain Net Income | $412,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $837 |
| Total Revenue | $1,111,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $161,623 |
| Total operating and administrative expenses | $252,529 |
| Contributions, gifts, grants paid | $950,801 |
| Total expenses and disbursements | $1,203,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,068,448 |
| 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 | $1,157,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,037,058 |
| 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, Jean And Bernas Downing Charitable Tr has awarded $950,801 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GLEANERS FOOD BANK OF INDIANA PURPOSE: CHARITABLE | $50,000 |
MIDWEST FOOD BANK PURPOSE: CHARITABLE | $50,000 |
INDIANA GOLF FOUNDATION PURPOSE: CHARITABLE | $25,000 |
SHEPHERD COMMUNITY CENTER PURPOSE: CHARITABLE | $25,000 |
JOHNSON COUNTY COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $200,000 |
WABASH VALLEY COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $200,000 |