Charles R Whitney Foundation
- Assets
- $65.4k
- Revenue
- $52.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 65-6221696
Organization Overview
Charles R Whitney Foundation is located in Grosse Pointe Farms, MI. The organization was established in 1997. 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. Charles R Whitney 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, Charles R Whitney Foundation generated $52.5k 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 (18.1%) each year. All expenses for the organization totaled $169.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles R Whitney Foundation has awarded 145 individual grants totaling $586,808. 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
FOUNDATION MADE CASH CONTRIBUTIONS TO VARIOUS CHARITIES AS INDICATED ON THE ATTACHED SCHEDULE WHICH LISTS EACH CONTRIBUTION MADE DURING 2022
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Whitney Gage Trustee | 4 | $5,000 | |
Marcia Lockwood Whitney Trustee | 4 | $5,000 | |
Charles R Whitney Jr Trustee | 4 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $488 |
| Capital Gain Net Income | $488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| 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 | $20,149 |
| Total operating and administrative expenses | $40,649 |
| Contributions, gifts, grants paid | $129,166 |
| Total expenses and disbursements | $169,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,359 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,359 |
| 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, Charles R Whitney Foundation has awarded $129,166 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
CARDIGAN MOUNTAIN SCHOOL DEVELOPMENT OFFICE PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $2,000 |
MEALS ON WHEELS - AGE WELLS PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $2,000 |
VERMONT PUBLIC RADIO PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $2,000 |
HUMANE SOCIETY OF CHITTENDEN COUNTY PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $4,000 |
GREEN MOUNTAIN CLUB PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $2,000 |
VERMONT LAND TRUST PURPOSE: UNRESTRICTED CONTRIBUTION TO CHARITABLE ORGANIZATION | $2,000 |