Windgate Charitable Trust
- Assets
- $365.2m
- Revenue
- $20.6m
- Investments
- $357.5m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 71-0723781
Organization Overview
Windgate Charitable Trust is located in Little Rock, AR. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Windgate 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 12/2023, Windgate Charitable Trust generated $20.6m 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 (5.1%) each year. All expenses for the organization totaled $103.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Windgate Charitable Trust has awarded 830 individual grants totaling $381,283,162. 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
THE FOUNDATION DOES NOT OPERATE ANY ACTIVITY. IT ONLY DONATES TO CHARITABLE ORGANIZATIONS APPROVED BY THE IRS. ALL DONATIONS ARE LISTED ON PART XIV OF THIS RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Hutcheson Director | 1 | $0 | |
Karen Hutcheson Director | 1 | $25,000 | |
Robyn Horn Director | 1 | $25,000 | |
John Horn Director | 1 | $8,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,313,709 |
| Dividends & Interest | $6,530,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,739,177 |
| Capital Gain Net Income | $12,739,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,583,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,333 |
| Other employee salaries and wages | $331,021 |
| Pension plans, employee benefits | $9,797 |
| Interest | $0 |
| Taxes | $302,894 |
| Depreciation | $0 |
| Occupancy | $23,551 |
| Travel, conferences, and meetings | $2,103 |
| Printing and publications | $0 |
| Other expenses | $847,055 |
| Total operating and administrative expenses | $1,602,604 |
| Contributions, gifts, grants paid | $101,942,939 |
| Total expenses and disbursements | $103,545,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,696,986 |
| 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 | $400 |
| Total assets | $365,176,978 |
| 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 | $10,162 |
| Total liabilities | $10,162 |
Grants Awarded
Over the last fiscal year, Windgate Charitable Trust has awarded $183,784,849 in support to 419 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT-A-CLASSROOM INC PURPOSE: ART EDUCATION IMPROVEMENT | $20,000 |
ALAQUA ANIMAL REFUGE PURPOSE: ANIMAL WELFARE | $25,000 |
AMERICAN CRAFT COUNCIL PURPOSE: ART & CULTURE | $498,375 |
AMERICAN CRAFT COUNCIL PURPOSE: ART & CULTURE | $185,500 |
AMERICAN FOLK ART MUSEUM PURPOSE: ART & CULTURE | $25,000 |
AMERICAN MUSEUM OF CERAMIC ART PURPOSE: ART & CULTURE | $75,000 |