Kershaw Foundation
- Assets
- $38.7m
- Revenue
- $4.9m
- Investments
- $37.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3322246
Organization Overview
Kershaw Foundation is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kershaw 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, Kershaw Foundation generated $4.9m 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 (10.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kershaw Foundation has awarded 119 individual grants totaling $4,090,872. 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 |
|---|---|---|---|
Ellen Kershaw President | 4 | $0 | |
Clayton Kershaw Vice-President | 2 | $0 | |
Ann Higginbottom Secretary - Treasurer | 12 | $34,000 | |
Jim Melson Director - CFO | 12 | $990,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,964,824 |
| Interest on Savings | $0 |
| Dividends & Interest | $571,710 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,329,013 |
| Capital Gain Net Income | $2,329,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,865,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,000 |
| Other employee salaries and wages | $6,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80,437 |
| Depreciation | $0 |
| Occupancy | $21,833 |
| Travel, conferences, and meetings | $1,728 |
| Printing and publications | $0 |
| Other expenses | $240,828 |
| Total operating and administrative expenses | $496,682 |
| Contributions, gifts, grants paid | $1,624,222 |
| Total expenses and disbursements | $2,120,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,234 |
| Savings and temporary cash investments | $642,059 |
| 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 | $1,385,678 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,674,064 |
| 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, Kershaw Foundation has awarded $1,624,222 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ARISE AFRICA PURPOSE: GENERAL OPERATING EXPENSES | $100,000 |
BIG LEAGUE IMPACT PURPOSE: GENERAL OPERATING FUND | $5,000 |
BABY 2 BABY PURPOSE: GENERAL OPERATING FUND | $50,000 |
BONTON FARMS PURPOSE: GENERAL OPERTING FUND | $25,000 |
CANCER FOR COLLEGE PURPOSE: GENERAL OPERATING FUND | $5,000 |
CANCER FOR COLLEGE PURPOSE: GENERAL OPERATAING FUND | $10,520 |