Alice And Russell True Foundation
- Assets
- $7.1m
- Revenue
- $400.2k
- Investments
- $6.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 52-2048715
Organization Overview
Alice And Russell True Foundation is located in Washington, DC. The organization was established in 1997. 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. Alice And Russell True 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 12/2022, Alice And Russell True Foundation generated $400.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Alice And Russell True Foundation has awarded 75 individual grants totaling $4,820,000. 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 |
|---|---|---|---|
Alice True Gasch President/treasurer | 3 | $0 | |
Lawrence True Director | 1 | $0 | |
Linda Brown Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $0 |
| Dividends & Interest | $358,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,284 |
| Capital Gain Net Income | $41,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49 |
| Total Revenue | $400,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $114,402 |
| Contributions, gifts, grants paid | $1,130,000 |
| Total expenses and disbursements | $1,244,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735 |
| Savings and temporary cash investments | $461,761 |
| 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 | $7,137,277 |
| 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, Alice And Russell True Foundation has awarded $1,130,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON NATIONAL CATHEDRAL PURPOSE: TO SUPPORT THE PROGRAMS OF WNC | $230,000 |
GEORGETOWN UNIVERSITY PURPOSE: ALICE AND RUSSELL TRUE ENDOWED SCHOLARSHIP FUND | $125,000 |
MIDDLEBURY COLLEGE PURPOSE: CONTRIBUTION TO THE ALICE AND RUSSELL TRUE SCHOLARSHIP FUND | $100,000 |
Washington, DC PURPOSE: TO PROVIDE CARE TO INDIGENT DC RESIDENTS | $100,000 |
WASHINGTON TENNIS & EDUCATION FOUNDATION PURPOSE: TO HELP AT RISK CHILDREN IN THE WASHINGTON, DC AREA BY HELPING TO SUPPORT WTEF'S TENNIS AND EDUCATION PROGRAMS | $80,000 |
Washington, DC PURPOSE: TO SUPPORT LAYC'S ONGOING PROGRAMS | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |