Post & Courier Foundation
- Assets
- $4.5m
- Revenue
- $1.0m
- Investments
- $3.9m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/1953
- Data as of
- 12/2023
- EIN
- 57-6020356
Organization Overview
Post & Courier Foundation is located in Charleston, SC. The organization was established in 1953. 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. Post & Courier 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, Post & Courier Foundation generated $1.0m 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 (28.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Post & Courier Foundation has awarded 301 individual grants totaling $9,107,806. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEEPLECHASE OF CHARLESTON THIS ANNUAL QUINTESSENTIAL SOUTHERN EVENT TO THE ROOTS OF THIS SPECTATOR SPORT WITH A FOCUS ON TAILGATING FUN AND EXCITING WORLD-CLASS EQUESTRIAN ACTION. WITH DEEP ROOTS IN SOUTHERN HERITAGE, THIS CHARLESTON TRADITION BEGAN IN 1792 AND WILL BE USHERED INTO ITS NEW ERA. THE FAMILY-FRIENDLY SUNDAY EVENT FEATURES HIGH- STAKES RACES WITH COVETED TITLES ON THE LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pierre Manigault President | 2 | $0 | |
Patricia Manigault Vice Preside | 1 | $0 | |
Laurence Fritz Treasurer | 1 | $0 | |
Heidi Herrington Secretary & | 20 | $30,600 | |
Kerri Forrest Board Member | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $665,217 |
| Interest on Savings | $63,228 |
| Dividends & Interest | $58,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$110,611 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $329,328 |
| Total Revenue | $1,005,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,565 |
| Interest | $0 |
| Taxes | $1,309 |
| Depreciation | $0 |
| Occupancy | $102,020 |
| Travel, conferences, and meetings | $30,688 |
| Printing and publications | $2,021 |
| Other expenses | $46,976 |
| Total operating and administrative expenses | $562,287 |
| Contributions, gifts, grants paid | $867,221 |
| Total expenses and disbursements | $1,429,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,430 |
| Savings and temporary cash investments | $145,390 |
| Net Accounts receivable | $112,804 |
| 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 | $107,845 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $215,000 |
| Total assets | $4,473,881 |
| Accounts payable and accrued expenses | $91,373 |
| 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 | $91,373 |
Grants Awarded
Over the last fiscal year, Post & Courier Foundation has awarded $867,221 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
LOWCOUNTRY LAND TRUST PURPOSE: GENERAL SUPPORT | $15,000 |
LOWCOUNTRY MARITIME SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
MAGNOLIA CEMETARY TRUST PURPOSE: GENERAL SUPPORT | $2,000 |
MEDITATION AND MEETING CENTER OF CH PURPOSE: GENERAL SUPPORT | $5,000 |
NATIONAL AUDUBON SOCIETY INC PURPOSE: GENERAL SUPPORT | $10,000 |
ONE EIGHTY PLACE PURPOSE: COMMUNITY KITCHEN AND FOOD RESCUE | $54,822 |