The Ausherman Family Trust
- Assets
- $7.9m
- Revenue
- $514.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 52-7165889
Organization Overview
The Ausherman Family Trust is located in Frederick, MD. The organization was established in 2001. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Ausherman Family 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 12/2021, Ausherman Family Trust generated $514.1k 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 (26.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ausherman Family Trust has awarded 125 individual grants totaling $4,270,315. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND, INC. IN SUPPORT OF ITS CHARITABLE, RELIGIOUS, EDUCATIONAL, OR SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin E Ausherman Trustee | Trustee | 1 | $0 |
Joseph F Welty Trustee | Trustee | 1 | $0 |
John F Dallavalle Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63 |
| Total Program Service Revenue | $0 |
| Investment income | $136,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$214,607 |
| Net Gain/Loss on Asset Sales | $592,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,049,508 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $923 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,028 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,089,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,911,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,932,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,932,429 |
| Total liabilities and net assets/fund balances | $7,932,429 |
Grants Awarded
Over the last fiscal year, The Ausherman Family Trust has awarded $950,811 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Thurmont, MD PURPOSE: FORGING OUR FUTURE | $100,000 |
Frederick, MD PURPOSE: DRIVE IN CATOCTIN AFFAIR | $95,000 |
Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $75,600 |
Frederick, MD PURPOSE: RIDE UNITED AND 2022 UNITY CAMPAIGN | $75,000 |
Frederick, MD PURPOSE: GENERAL OPERATIONS & JOINT FUNDRAISER | $61,375 |
AFRICAN AMERICAN RESOURCES PURPOSE: HERITAGE CENTER | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Better Medicare Alliance Inc Washington, DC | $3,588,076 | $11,134,798 |
The Philanthropy Roundtable Inc Washington, DC | $16,718,572 | $10,468,910 |
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |