M & T Foundation
- Assets
- $23.3m
- Revenue
- $2.4m
- Investments
- $23.0m
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 45-4482686
Organization Overview
M & T Foundation is located in Rancho Santa Fe, CA. The organization was established in 2013. 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. M & T 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 12/2022, M & T Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, M & T Foundation has awarded 98 individual grants totaling $6,639,534. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROVIDE CHARITABLE FUNDS FOR MEDICAL, EDUCATIONAL & SOCIOLOGICAL PURSUITS. VOLUNTEER FOR SOCIOLOGICAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory L Potenziani President | 40 | $120,000 | |
Frank A Potenziani Director | 2 | $0 | |
Fred G Botek Executive VP | 1 | $0 | |
Cheryl L Potenziani Director | 1 | $0 | |
Patricia P Vick Director | 1 | $0 | |
Darren Beckett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99,722 |
| Dividends & Interest | $417,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,843,167 |
| Capital Gain Net Income | $1,843,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,360,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,087 |
| Other employee salaries and wages | $30,417 |
| Pension plans, employee benefits | $93,113 |
| Interest | $0 |
| Taxes | $30,209 |
| Depreciation | $34,780 |
| Occupancy | $2,845 |
| Travel, conferences, and meetings | $8,314 |
| Printing and publications | $0 |
| Other expenses | $89,277 |
| Total operating and administrative expenses | $460,677 |
| Contributions, gifts, grants paid | $1,360,000 |
| Total expenses and disbursements | $1,820,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,290 |
| 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 | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,937,274 |
| Net Land, buildings, and equipment | $1,363 |
| Other assets | $2,081 |
| Total assets | $23,262,905 |
| 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 | $34,150 |
| Total liabilities | $34,150 |
Grants Awarded
Over the last fiscal year, M & T Foundation has awarded $1,360,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MARMION ACADEMY PURPOSE: TWO SCHOLARSHIPS | $10,000 |
SAINT THOMAS AQUINAS HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
INTERNATIONAL BUSINESS COUNCIL PURPOSE: GENERAL SUPPORT | $50,000 |
THE PHOENIX PURPOSE: SAN DIEGO REGION | $150,000 |
BENEDECTINE COLLEGE PURPOSE: GENERAL SUPPORT | $100,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: CON LAW | $1,000,000 |