Lucille P And Edward C Giles Foundation
- Assets
- $22.1m
- Revenue
- $1.7m
- Investments
- $21.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1981
- Data as of
- 12/2020
- EIN
- 58-1450874
Organization Overview
Lucille P And Edward C Giles Foundation is located in Charlotte, NC. The organization was established in 1981. 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. Lucille P And Edward C Giles 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, Lucille P And Edward C Giles Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucille P And Edward C Giles Foundation has awarded 146 individual grants totaling $6,794,055. 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 |
|---|---|---|---|
Jan J Nomina President | 3 | $15,000 | |
Mark B Edwards Pres. Emeritus | 1 | $10,000 | |
Mandy Grimes Director | 1 | $5,000 | |
William Jeffries Vice President | 1 | $5,000 | |
Tate Ogburn Sec./treas. | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $373,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,322,320 |
| Capital Gain Net Income | $1,322,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,101 |
| Total Revenue | $1,694,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $55 |
| Taxes | $32,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $100 |
| Printing and publications | $0 |
| Other expenses | $134 |
| Total operating and administrative expenses | $159,414 |
| Contributions, gifts, grants paid | $1,191,000 |
| Total expenses and disbursements | $1,350,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $634,561 |
| 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 | $23,724 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,296,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,832 |
| Total assets | $22,148,873 |
| 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, Lucille P And Edward C Giles Foundation has awarded $1,191,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MYERS PARK UNITED METHODIST CHURCH PURPOSE: COVID-19 LOCAL RESPONSE $100,000, FREEDOM SCHOOL $50,000 | $150,000 |
FREEDOM SCHOOL PARTNERS PURPOSE: SUSTAINABILITY OF EXISTING SITES | $135,000 |
ON EAGLES WINGS MINISTRIES PURPOSE: EDUCATION AT HOPE HOUSE $60,000 YOUTH 4 ABOLITION $40,000 | $100,000 |
COMMUNITIES IN SCHOOLS PURPOSE: CASE MANAGEMENT SERVICES | $100,000 |
SALVATION ARMY CENTER FOR HOPE SHELTER PURPOSE: UNRESTICTED $50,000, PURCHASE OF BEDS $20,000 | $70,000 |
UMAR PURPOSE: CONSTRUCTION NEEDS $45,000, UNRESTRICTED $25,000 | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
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 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |