Whitney Foundation
- Assets
- $0.0
- Revenue
- $647.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1960
- Data as of
- 12/2020
- EIN
- 41-6022514
Organization Overview
Whitney Foundation is located in Minneapolis, MN. The organization was established in 1960. 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.
For the year ending 12/2020, Whitney Foundation generated $647.4k 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 (52.0%) each year. All expenses for the organization totaled $14.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (57.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benson Whitney President | 1 | $0 | |
Mary Whitney Director | 1 | $0 | |
Joseph Whitney Secretary/treasurer | 1 | $0 | |
Wheelock Whitney III Director | 1 | $0 | |
Pennell Whitney Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $647,363 |
| Interest on Savings | $0 |
| Dividends & Interest | $12 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $647,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,741 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $14,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Whitney Foundation has awarded $404,975 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOTT NORTHWESTERN HOSPITAL ASSN PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $5,000 |
EDUCATORS FOR EXCELLENCE PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $5,000 |
GEORGE W BUSH FOUNDATION PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $30,000 |
FREEDOM INSTITUTE PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $5,000 |
EDALLIES PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $1,000 |
CITIZEN'S LEAGUE PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $5,000 |