Cornelia T Bailey Charitable Trust
- Assets
- $0.0
- Revenue
- $59.6m
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/2008
- Data as of
- 05/2022
- EIN
- 65-6474256
Organization Overview
Cornelia T Bailey Charitable Trust is located in West Palm Beach, FL. The organization was established in 2008. 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. Cornelia T Bailey Charitable Trust 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 05/2022, Cornelia T Bailey Charitable Trust generated $59.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $491.5m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cornelia T Bailey Charitable Trust has awarded 777 individual grants totaling $553,370,358. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Na N/a | 0 | $0 | |
Na N/a | 0 | $0 | |
Na N/a | 0 | $0 | |
Na N/a | 0 | $0 | |
Hayley J Little Executive Director | 40 | $60,899 | |
Eileen J Daly Co-Trustee | 20 | $362,874 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney | 12/30/21 | $2,348,948 |
The Northern Trust Company | 12/30/21 | $164,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,711,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,889,170 |
| Capital Gain Net Income | $56,889,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,600,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $860,895 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $774,659 |
| Depreciation | $0 |
| Occupancy | $41,161 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,273 |
| Total operating and administrative expenses | $2,488,263 |
| Contributions, gifts, grants paid | $489,034,168 |
| Total expenses and disbursements | $491,522,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Cornelia T Bailey Charitable Trust has awarded $489,034,168 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
826DC PURPOSE: IN-SCHOOL WRITING, EDITING AND PUBLISHING PROGRAM | $25,000 |
AFRICAN VOICES PURPOSE: AFRICAN VOICES - AV WRITING WORKSHOPS FOR WOMEN | $25,000 |
AMERICAN CANCER SOCIETY THE PURPOSE: SUPPORT MEDICAL RESEARCH | $243,000 |
AFTER SCHOOL ARTS PROGRAM INC AKA ASAP PURPOSE: IN-SCHOOL PROGRAMS AND TEACHER PROFESSIONAL DEVELOPMENT | $15,000 |
ART STUDENTS LEAGUE OF NEW YORK THE PURPOSE: SEEDS OF THE LEAGUE | $25,000 |
AN OPEN BOOK FOUNDATION PURPOSE: AUTHOR AND ILLUSTRATOR VISITS | $30,000 |