Lucy E Holcombe Charitable Foundation
- Assets
- $4.1m
- Revenue
- $261.0k
- Investments
- $4.1m
- Employees
- 0
- Location
- Warren, RI
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4796428
Organization Overview
Lucy E Holcombe Charitable Foundation is located in Warren, RI. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lucy E Holcombe Charitable 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 12/2021, Lucy E Holcombe Charitable Foundation generated $261.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (34.6%) each year. All expenses for the organization totaled $302.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucy E Holcombe Charitable Foundation has awarded 48 individual grants totaling $1,913,550. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas E Hinman Co-Trustee | 0.5 | $0 | |
Nancy K Hinman Co-Trustee | 1 | $0 | |
Shepherd M Holcombe Jr Co-Trustee | 1 | $0 | |
Elizabeth S Holcombe Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,968 |
| Capital Gain Net Income | $47,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,000 |
| Total operating and administrative expenses | $7,831 |
| Contributions, gifts, grants paid | $294,500 |
| Total expenses and disbursements | $302,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528 |
| Savings and temporary cash investments | $20,262 |
| 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 | $4,088,081 |
| 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, Lucy E Holcombe Charitable Foundation has awarded $294,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Warwick, RI PURPOSE: PURCHASEOF BUILDINGCAMPAIGN | $150,000 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: NEWROOF | $50,000 |
Lebanon, NH PURPOSE: SENIOR CENTERROOF | $50,000 |
AHEAD PURPOSE: NEW SIGNAGEPROJECT | $44,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Hadhramout Foundation Inc Westport, CT | $10,990 | $4,795,440 |
National Charitable Endowment Inc Darien, CT | $102,215,379 | $63,553,523 |
Monks Of Norcia Foundation Norwalk, CT | $2,496,451 | $3,625,099 |