Mary Freeman Wisdom Foundation
- Assets
- $3.6m
- Revenue
- $210.3k
- Investments
- $3.5m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 72-6123208
Organization Overview
Mary Freeman Wisdom Foundation is located in New Orleans, LA. The organization was established in 1987. 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. Mary Freeman Wisdom 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 12/2022, Mary Freeman Wisdom Foundation generated $210.3k 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 (4.6%) each year. All expenses for the organization totaled $298.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mary Freeman Wisdom Foundation has awarded 101 individual grants totaling $1,156,740. 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 |
|---|---|---|---|
Ned Benjamin Secretary | 0 | $0 | |
Arthur Wisdom Trustee | 0 | $0 | |
Stuart Benjamin President | 0 | $0 | |
Adelaide Benjamin Trustee | 0 | $0 | |
Andrew Wisdom Treasurer | 0 | $0 | |
Matthew Wisdom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $72,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,990 |
| Capital Gain Net Income | $136,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $231 |
| Total Revenue | $210,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,947 |
| Total operating and administrative expenses | $40,504 |
| Contributions, gifts, grants paid | $258,000 |
| Total expenses and disbursements | $298,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,778 |
| 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 | $2,464,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,671 |
| Total assets | $3,552,546 |
| 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, Mary Freeman Wisdom Foundation has awarded $258,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE HOUSE CORPORATION PURPOSE: LONG-TERM SUBSTANCE ABUSE TREATMENT | $5,000 |
COURT WATCH NOLA PURPOSE: CRIMINAL COURT ETHICS & FAIRNESS | $5,000 |
GREATER NEW ORLEANS FOUNDATION PURPOSE: CHARITABLE CENTER FOR PHILANTROPY | $15,000 |
LE PETIT THEATRE DU VIEUX CARRE PURPOSE: PERFORMING ARTS TO NOLA COMMUNITY | $40,000 |
LOUISE S MCGEHEE SCHOOL PURPOSE: PREK - 12TH GRADE EDUCATION | $20,000 |
LOUISIANA PHILHARMONIC ORCHESTRA PURPOSE: PROFESSIONAL ORCHESTRA IN GULF SOUTH | $20,000 |