Wiseheart Foundation

Organization Overview

Wiseheart Foundation is located in Memphis, TN. The organization was established in 2013. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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.

For the year ending 06/2020, Wiseheart Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $2.7m during the year ending 06/2020. While expenses have increased by 18.1% per year over the past 5 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, Wiseheart Foundation has awarded 247 individual grants totaling $10,583,484. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WISEHEART IS A CHARITABLE FOUNDATION SERVING CHRISTIAN PHILANTHROPISTS BY CREATING SUSTAINABLE, GOD-HONORING GIVING OPTIONS AND SERVING MINISTRIES AND ORGANIZATIONS WITH STRATEGY RESOURCES AND CAPITAL TO IMPACT THE KINGDOM OF GOD AND OTHER MISSIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES, STRATEGIES AND FUNDING TO HELP THEM FULFILL THEIR MISSION OR PURPOSE. WE WORK DILIGENTLY TO CONNECT OUR DONORS WITH THESE MINISTRIES AND/OR OTHER ORGANIZATIONS AND HELP THEM BE EMPOWERED IN THEIR WORK.WISEHEART WORKS CONTINUALLY TO MINIMIZE THE OPERATIONAL COSTS OF THE FOUNDATION TO MAXIMIZE THE FUNDING ABILITY IN SUPPORT OF THESE CHARITIES. FUNDING OF OPERATIONS COMES FROM A 1% ANNUAL FEE CHARGED AGAINST ALL DONOR ADVISED FUNDS. OVERSIGHT AND APPROVAL OF ALL FUND CHARGES AS WELL AS GRANTS GIVEN IS UNDER THE GUIDELINES ESTABLISHED FOR SUCH PURPOSES AND APPROVED BY THE BOARD OF DIRECTORS. MANAGEMENT COSTS ARE KEPT TO A MINIMUM TO MAXIMIZE THE ABILITY OF OUR DONORS TO GIVE TO EFFECTIVE MINISTRY CAUSES AND ARE ALWAYS TRANSPARENT.WISEHEART STANDS IN THE GAP BETWEEN DONORS AND MINISTRIES OR ORGANIZATIONS TO HELP DONORS MAKE MORE EFFECTIVE CONTRIBUTIONS AND ACCOMPLISH THEIR PHILANTHROPIC GOALS. WE UNDERSTAND THAT MANY DONORS ARE NOT SATISFIED WITH THEIR CHARITABLE GIVING AND FEEL UNSURE WHETHER OR NOT THEIR DONATION IS MAKING A DIFFERENCE. WE UNDERSTAND THAT IT IS DIFFICULT FOR MANY TO KNOW IF A PARTICULAR MINISTRY IS DOING VALID WORK. WISEHEART EXISTS TO PROVIDE DONORS WITH STRATEGIC GIVING OPTIONS TO TRUST THAT THEIR CONTRIBUTIONS ARE EFFECTIVE AND USED FAITHFULLY.WISEHEART ASPIRES TO HELP THE DONOR GIVE GENEROUSLY AND EFFECTIVELY TO AN ORGANIZATION OR GOD-HONORING CAUSE FOR WHICH THEY HAVE A PASSION. THEY SHARE WITH US THEIR PARTICULAR INTEREST AND WE HELP FIND A MINISTRY FOR WHICH THEIR FUNDS CAN HAVE A STRATEGIC IMPACT TO FURTHER THE KINGDOM. WE WANT TO HELP OUR DONORS: *DESIGN A GIVING STRATEGY TO MAXIMIZE CHARITABLE GIFTS ALIGNED WITH THEIR PASSION *CONNECT WITH NONPROFIT LEADERS OF ORGANIZATIONS DOING TRUSTWORTHY WORK WITHIN THAT VISION *VERIFY AND MEASURE THE EFFECTIVENESS OF THEIR DONATION TO THE SUPPORTED MINISTRY OVER THE PAST YEAR, WE HAVE SUPPORTED OR ASSISTED WITH STRATEGIES FOR APPROXIMATELY 160 CHARITIES, CHURCHES AND MINISTRIES.


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Board, Officers & Key Employees

Name (title)Compensation
Len E Hardison
Executive Director
$121,715
Elaine Edwards
Secretary And Director
$0
Richard Vining
President And Director
$0
Tom Edwards
Director
$0
Bryan Hawkins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,878,551
Noncash contributions included in lines 1a–1f $2,164,236
Total Revenue from Contributions, Gifts, Grants & Similar$2,878,551
Total Program Service Revenue$0
Investment income $65,426
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $367,817
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,311,794

Grants Awarded

Over the last fiscal year, Wiseheart Foundation has awarded $2,035,985 in support to 65 organizations.

Grant RecipientAmount

Cordova, TN

PURPOSE: GENERAL SUPPORT

$539,400

FAITH BAPTIST CHURCH

PURPOSE: GENERAL SUPPORT

$100,000

COACHING FOR LITERACY

Org PageRecipient Profile

Memphis, TN

PURPOSE: GENERAL SUPPORT

$92,603

SOUTHEAST MISSOURI UNIVERSITY FOUNDATION

PURPOSE: GENERAL SUPPORT

$76,721

HIGHPOINT CHURCH

PURPOSE: GENERAL SUPPORT

$75,000

THREE RIVERS ENDOWMENT TRUST

Org PageRecipient Profile

Poplar Bluff, MO

PURPOSE: GENERAL SUPPORT

$65,668
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wiseheart Foundation has recieved totaling $15,600.

Awarding OrganizationAmount
$15,600
View Grant Recipient Profile

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