Mary Morton Parsons Foundation
- Assets
- $0.0
- Revenue
- $4.3m
- Investments
- $128.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1990
- Data as of
- 12/2020
- EIN
- 54-1530891
Organization Overview
Mary Morton Parsons Foundation is located in Richmond, VA. The organization was established in 1990. 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. Mary Morton Parsons 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 12/2020, Mary Morton Parsons Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary Morton Parsons Foundation has awarded 443 individual grants totaling $67,718,773. 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 |
|---|---|---|---|
Mrs Amy P Nisenson Executive Director | 20 | $98,540 | |
Charles F Witthoefft ESQ Vice Pres/secretary | 1 | $0 | |
Mrs Palmer P Garson Treasurer | 1 | $0 | |
Thurston R Moore ESQ President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,025,652 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,682 |
| Total Revenue | $4,283,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,631 |
| Pension plans, employee benefits | $0 |
| Depreciation | $120 |
| Occupancy | $39,835 |
| Travel, conferences, and meetings | $575 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $611,406 |
| Contributions, gifts, grants paid | $6,816,100 |
| Total expenses and disbursements | $7,427,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,279,908 |
| Other assets | $28,164 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $711,742 |
Grants Awarded
Over the last fiscal year, Mary Morton Parsons Foundation has awarded $12,055,000 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER HOUSING COALITION PURPOSE: SUPPORT AFFORDABLE HOUSING OPPORTUNITIES | $1,500,000 |
VIRGINIA MUSEUM OF HISTORY AND CULTURE PURPOSE: CAPITAL IMPROVEMENTS IN SUPPORT OF HISTORY MATTERS CAMPAIGN | $750,000 |
LEWIS GINTER BOTANICAL GARDENS PURPOSE: SUPPORT "THRIVE CAPITAL CAMPAIGN" | $750,000 |
Richmond, VA PURPOSE: CAPITAL CAMPAIGN TO RENOVATE FORMER BENEDICTINE HIGH SCHOOL | $505,000 |
YWCA PURPOSE: CAPITAL CAMPAIGN | $500,000 |
VALENTINE RICHMOND HISTORY CENTER PURPOSE: SUPPORT OF CONSTRUCTION ELEMENTS IN THE VALENTINE MOMENT CAMPAIGN | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |