The George L Shields Foundation Inc
- Assets
- $26.6m
- Revenue
- $3.1m
- Investments
- $22.3m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 52-1851638
Organization Overview
The George L Shields Foundation Inc is located in Bethesda, MD. The organization was established in 1995. 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. George L Shields 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 12/2021, George L Shields Foundation Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George L Shields Foundation Inc has awarded 805 individual grants totaling $14,101,645. 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 |
|---|---|---|---|
Ann Schein Carlyss Pres & Director | 5 | $45,000 | |
Robert Brenengen Director | 2 | $2,000 | |
Carolyn Moore Director | 2 | $2,000 | |
Bruce Macdonald Director | 2 | $2,000 | |
Robert M Reiner Secretary/treas | 5 | $0 | |
Erma Medgyesy Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linton Shafer Warfield & Garrett Pa | 12/30/14 | $32,985 |
Joseph Reiner & Wiernicki Pc | 12/30/14 | $86,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85,490 |
| Dividends & Interest | $403,754 |
| Net Rental Income | $407,985 |
| Net Gain on Sale of Assets | $2,039,102 |
| Capital Gain Net Income | $2,039,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,324 |
| Total Revenue | $3,083,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,683 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $260,494 |
| Total operating and administrative expenses | $472,801 |
| Contributions, gifts, grants paid | $1,828,500 |
| Total expenses and disbursements | $2,301,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $1,521,277 |
| 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 | $2,776,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $823,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,570,420 |
| 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 George L Shields Foundation Inc has awarded $1,828,500 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR PROGRAM SERVICES | $130,000 |
EARTH CONSERVATION CORPS PURPOSE: FOR PROGRAM SERVICES | $100,000 |
THE HOLTON FUND PURPOSE: FOR PROGRAM SERVICES | $92,000 |
Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $75,000 |
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: FOR PROGRAM SERVICES | $65,000 |
THE NATURE CONSERVANCY PURPOSE: FOR PROGRAM SERVICES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |