Higher Foundation Tr
- Assets
- $2.3m
- Revenue
- $123.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 58-6442623
Organization Overview
Higher Foundation Tr is located in Atlanta, GA. The organization was established in 2001. 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. Higher Foundation Tr 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 06/2022, Higher Foundation Tr generated $123.4k 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 (34.5%) each year. All expenses for the organization totaled $239.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Higher Foundation Tr has awarded 13 individual grants totaling $399,619. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,880 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,536 |
| Capital Gain Net Income | $23,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,883 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $239,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,849 |
| Savings and temporary cash investments | $0 |
| 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 | $534,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,251,688 |
| 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, Higher Foundation Tr has awarded $223,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF GREATER ATLANTA PURPOSE: CIVIC DUTIES | $18,000 |
PIEDMONT HEALTHCARE FOUNDATION PURPOSE: ADVANCEMENT OF HEALTH | $195,000 |
PACE ACADEMY PURPOSE: ADVANCEMENT OF EDUCATION | $10,000 |