Riggs Benevolent Fund
- Assets
- $16.5m
- Revenue
- $1.5m
- Investments
- $11.1m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 05/1963
- Data as of
- 12/2022
- EIN
- 71-6050130
Organization Overview
Riggs Benevolent Fund is located in Little Rock, AR. The organization was established in 1963. 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. Riggs Benevolent Fund 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 12/2022, Riggs Benevolent Fund generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $779.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Riggs Benevolent Fund has awarded 65 individual grants totaling $647,000. 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 |
|---|---|---|---|
Edwin Keith Riggs Trustee | 0 | $0 | |
Geroge A Cress Trustee | 0 | $0 | |
John Arthur Riggs V Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $931,786 |
| Interest on Savings | $20,908 |
| Dividends & Interest | $294,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,870 |
| Capital Gain Net Income | $214,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70 |
| Total Revenue | $1,461,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $132,231 |
| Contributions, gifts, grants paid | $647,000 |
| Total expenses and disbursements | $779,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,111 |
| Savings and temporary cash investments | $5,275,349 |
| 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 | $8,853,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,549,699 |
| 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, Riggs Benevolent Fund has awarded $647,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ARKANSAS PURPOSE: OTHER CHARITABLE | $2,000 |
AR KIDS READ PURPOSE: CHARITABLE - EDUCATION | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: OTHER CHARITABLE | $5,000 |
ARKANSAS CHILDREN'S FOUNDATION INC PURPOSE: OTHER CHARITABLE | $10,000 |
ARKANSAS INDEPENDENT COLLEGES PURPOSE: CHARITABLE - EDUCATION | $5,000 |
ARKANSAS HUNGER RELIEF ALLIANCE PURPOSE: OTHER CHARITABLE | $2,000 |