Michael And Chandra Rudd Foundation Inc
- Assets
- $4.0m
- Revenue
- $156.6k
- Investments
- $3.8m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 61-1293806
The information for Michael And Chandra Rudd Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Louisville, KY. It has been in existence for 25 years, following its founding in 1996.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Michael And Chandra Rudd Foundation Inc's NTEE code is T20. This means that the organization falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the organization is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its main purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the organization is classified under section 3 of the Internal Revenue Code, which includes Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset includes seven years of grant history for the Michael and Chandra Rudd Foundation Inc. Over the course of those seven years, they have awarded a total of 89 grants, with an average check size of $20,457. On average, the foundation awards 13 grants each year. The majority of their grants are in the Arts, Culture & Humanities sector, with 22 awards. They also have awarded grants in the Philanthropy, Voluntarism & Grantmaking Foundations sector (7 awards) and the Health Care sector (6 awards). In terms of geographical distribution, the foundation has awarded the most grants in California (26), followed by Florida (17), Kentucky (16), and New York (13). They have also awarded grants in several other states, including Massachusetts, West Virginia, Pennsylvania, Illinois, Nevada, Washington D.C., Alabama, and Ohio.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandra Z Rudd Secretary/treasurer | 0.1 | $0 | |
Michael D Rudd President | 0.1 | $0 | |
Pamela Z Rigg Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,178 |
| Capital Gain Net Income | $69,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,885 |
| Contributions, gifts, grants paid | $351,540 |
| Total expenses and disbursements | $410,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,808 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,963,082 |
| 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, Michael And Chandra Rudd Foundation Inc has awarded $351,540 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: HUMAN SERVICES | $100,000 |
Miami, FL PURPOSE: HUMAN SERVICES | $85,500 |
LOTUS HOUSE SHELTER PURPOSE: HUMAN SERVICES | $50,000 |
CLEVELAND ORCHESTRA PURPOSE: HUMAN SERVICES | $25,000 |
SAN FRANCISCO OPERA FOUNDATION PURPOSE: HUMAN SERVICES | $16,540 |
San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |