Whitehead Foundation Inc
- Assets
- $43.6m
- Revenue
- $3.4m
- Investments
- $42.1m
- Employees
- 0
- Location
- Lenox, MA
- Founding
- 12/2015
- Data as of
- 06/2024
- EIN
- 47-4303914
Organization Overview
Whitehead Foundation Inc is located in Lenox, MA. 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. Whitehead Foundation Inc 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 06/2024, Whitehead Foundation Inc generated $3.4m in total revenue.
Since 2018, Whitehead Foundation Inc has awarded 459 individual grants totaling $11,728,000. 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 |
|---|---|---|---|
J Gregory Whitehead President, Director | 10 | $0 | |
Timothy P Maloney Treasurer, Director | 5 | $0 | |
Susan Ginsburg Vice President, Director | 1 | $0 | |
Lillian Lennox Whitehead Secretary, Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Athena Capital Advisors Llc | 6/29/21 | $108,831 |
Harris Associates | 6/29/21 | $61,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,116 |
| Dividends & Interest | $730,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,194,669 |
| Capital Gain Net Income | $2,194,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $443,018 |
| Total Revenue | $3,370,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,819 |
| Printing and publications | $1,438 |
| Other expenses | $41,259 |
| Total operating and administrative expenses | $305,952 |
| Contributions, gifts, grants paid | $2,185,000 |
| Total expenses and disbursements | $2,490,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,574,954 |
| 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 | $7,189,920 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,646,806 |
| 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 | $1,535,826 |
| Total liabilities | $1,535,826 |
Grants Awarded
Over the last fiscal year, Whitehead Foundation Inc has awarded $2,185,000 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL CONSERVATION LEAGUE PURPOSE: GENERAL OPERATING FUNDS | $100,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: GENERAL OPERATING FUNDS | $50,000 |
FIRST NATIONS DEVELOPMENT INSTITUTE PURPOSE: NOURISHING NATIVE FOODS + NUTRITION | $50,000 |
HOPEFUL HORIZONS PURPOSE: GENERAL OPERATING FUNDS | $25,000 |
POTOMAC CONSERVANCY INC PURPOSE: RIPARIAN FOREST RESTORATION | $25,000 |
OCEAN CONSERVANCY PURPOSE: TRASH-FREE SEAS PROGRAM + GHOST GEAR INITIATIVE + DSM | $75,000 |