The Harkness Trust
- Assets
- $12.0m
- Revenue
- $241.0k
- Investments
- $8.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 51-6498255
Organization Overview
The Harkness Trust is located in Wilmington, DE. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Harkness Trust 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, Harkness Trust generated $241.0k 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 (6.9%) each year. All expenses for the organization totaled $797.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $357,713 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,611 |
| Capital Gain Net Income | $56,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$415,538 |
| Total Revenue | $241,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $123,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,701 |
| Total operating and administrative expenses | $147,215 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $797,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $3,925,608 |
| 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 | $3,971,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,029,122 |
| 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, The Harkness Trust has awarded $650,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKS SCHOOL PURPOSE: GENERAL | $100,000 |
HARVARD UNIVERSITY WADSWORTH HOUSE PURPOSE: GENERAL | $500,000 |
ELKHORN MARINE CONSERVANCY PURPOSE: GENERAL | $40,000 |
SRBA HISTORIC BUILDING AND ENVIRONMENTAL PRESERVATION FOUNDATION PURPOSE: GENERAL | $10,000 |