T W Briggs Foundation Inc
- Assets
- $18.2m
- Revenue
- $674.0k
- Investments
- $17.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1961
- Data as of
- 09/2021
- EIN
- 62-6039986
Organization Overview
T W Briggs Foundation Inc is located in Memphis, TN. The organization was established in 1961. 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. T W Briggs Foundation Inc 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 09/2021, T W Briggs Foundation Inc generated $674.0k 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 (12.3%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T W Briggs Foundation Inc has awarded 360 individual grants totaling $7,102,841. 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 |
|---|---|---|---|
Donna Nash Executive Director | 40 | $60,000 | |
James D Witherington Jr Chairman/director | 1 | $0 | |
Allison Cates Vice Chair/director | 1 | $0 | |
Hunter Witherington Treasurer/director | 1 | $0 | |
Douglas Scarboro Director | 1 | $0 | |
Meg Crosby Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,612 |
| Dividends & Interest | $125,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $527,667 |
| Capital Gain Net Income | $507,674 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,215 |
| Total Revenue | $673,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,178 |
| Taxes | $26,371 |
| Depreciation | $856 |
| Occupancy | $14,881 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,252 |
| Total operating and administrative expenses | $323,932 |
| Contributions, gifts, grants paid | $704,100 |
| Total expenses and disbursements | $1,028,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $272,134 |
| 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 | $1,453 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,905,367 |
| Net Land, buildings, and equipment | $1,324 |
| Other assets | $0 |
| Total assets | $18,180,278 |
| Accounts payable and accrued expenses | $6,634 |
| Grants payable | $85,000 |
| 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 | $91,634 |
Grants Awarded
Over the last fiscal year, T W Briggs Foundation Inc has awarded $784,750 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: PROGRAM SUPPORT | $80,000 |
Memphis, TN PURPOSE: PROGRAM SUPPORT | $41,000 |
JUVENILE INTERVENTION AND FAITH-BASED FOLLOW-UP (JIFF) PURPOSE: PROGRAM SUPPORT | $39,000 |
THE WOMEN'S ADVOCACY CENTER PURPOSE: PROGRAM SUPPORT | $38,000 |
JUVENILE INTERVENTION AND FAITH-BASED FOLLOW-UP (JIFF) PURPOSE: PROGRAM SUPPORT | $38,000 |
WORLD RELIEF PURPOSE: PROGRAM SUPPORT | $36,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
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 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |