Alice And Russell True Foundation
- Assets
- $6.6m
- Revenue
- $702.3k
- Investments
- $5.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1997
- Data as of
- 12/2023
- 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 12/2023, Alice And Russell True Foundation generated $702.3k 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 (4.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Alice And Russell True Foundation has awarded 91 individual grants totaling $5,781,000. 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 | |
Linda Brown Secretary | 1 | $0 | |
Lawrence True Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $432,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,307 |
| Capital Gain Net Income | $270,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $702,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $111,481 |
| Contributions, gifts, grants paid | $1,105,000 |
| Total expenses and disbursements | $1,216,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279 |
| Savings and temporary cash investments | $897,610 |
| 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 | $6,623,128 |
| 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 $1,105,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: TO ASSIST IN PROVIDING AID IN THE UKRAINE | $50,000 |
BREAD FOR THE CITY PURPOSE: TO HELP PROVIDE ONGOING SERVICES TO THE DC COMMUNITY | $10,000 |
CAPITAL AEA FOOD BANK PURPOSE: TO HELP MAKE FOOD AVAILABLE TO INDIVIDUALS IN THE DC AREA STRUGGLING WITH HUNGER | $30,000 |
COMMUNITY YOUTH ADVANCE PURPOSE: TO PROVIDE EXTENDED -DAY LEARNING , ONE ON ONE MENTORING, AND STEAM-BASED SUMMER EXPERIENCES TO STUDENTS IN GRADES K-12 LEARNING. | $10,000 |
FEEDING AMERICA PURPOSE: TO HELP MAKE FOOD AVAILABLE TO FAMILIES STRUGGLING WITH HUNGER | $50,000 |
FREE WHEELCHAIR MISSION PURPOSE: TO PROVIDE WHEELCHAIRS FOR USE BY INDIGENT INDIVIDUALS IN DEVELOPING COUNTRIES | $70,000 |