Crary Family Legacy Fund
- Assets
- $896.1k
- Revenue
- $404.2k
- Investments
- $846.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-1622097
Organization Overview
Crary Family Legacy Fund is located in Wilmington, DE. 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. Crary Family Legacy Fund 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, Crary Family Legacy Fund generated $404.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $565.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Crary Family Legacy Fund has awarded 191 individual grants totaling $3,620,995. 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 |
|---|---|---|---|
Michael Coston Dir | 1 | $0 | |
Andrea Crary Treas, Dir | 1 | $0 | |
Bethann Crary Dir, VP | 1 | $0 | |
Charles F Crary Pres, Dir | 1 | $0 | |
Natalie Crary Sec, Dir | 10 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $303,831 |
| Interest on Savings | $425 |
| Dividends & Interest | $23,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,820 |
| Capital Gain Net Income | $191,999 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,071 |
| Interest | $0 |
| Taxes | $4,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,671 |
| Printing and publications | $0 |
| Other expenses | $8,422 |
| Total operating and administrative expenses | $45,541 |
| Contributions, gifts, grants paid | $519,801 |
| Total expenses and disbursements | $565,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,585 |
| 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 | $896,055 |
| 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 | $183 |
| Total liabilities | $183 |
Grants Awarded
Over the last fiscal year, Crary Family Legacy Fund has awarded $519,801 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMATE HOUSE FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
AMISTAD WORLDWIDE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
BETHANY LAND INSTITUTE USA LTD PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
BETHANY LAND INSTITUTE USA LTD PURPOSE: CHARITABLE EVENT | $4,665 |
CLERICS OF ST VIATOR PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
E FOWLER PURPOSE: HARDSHIP ASSISTANCE GRANT | $5,000 |