William E Scott Foundation
- Assets
- $17.1m
- Revenue
- $1.5m
- Investments
- $15.5m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 02/1962
- Data as of
- 05/2024
- EIN
- 75-6024661
Organization Overview
William E Scott Foundation is located in Fort Worth, TX. The organization was established in 1962. 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. William E Scott 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 05/2024, William E Scott Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.5m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William E Scott Foundation has awarded 99 individual grants totaling $5,124,400. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond B Kelly III President | 8 | $0 | |
Carolyn Phillips Director | 2 | $0 | |
Susan Hall Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $565,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $861,911 |
| Capital Gain Net Income | $861,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,187 |
| Total Revenue | $1,451,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,201 |
| Printing and publications | $0 |
| Other expenses | $3,448 |
| Total operating and administrative expenses | $232,494 |
| Contributions, gifts, grants paid | $1,253,500 |
| Total expenses and disbursements | $1,485,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,583 |
| Savings and temporary cash investments | $1,162,292 |
| Net Accounts receivable | $289,695 |
| 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 | $77,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,080,046 |
| 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, William E Scott Foundation has awarded $1,253,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
DAVEY O'BRIEN FOUNDATION PURPOSE: EDUCATIONAL | $9,000 |
FORT WORTH MUSEUM OF ART PURPOSE: CULTURAL | $200,000 |
FORT WORTH SYMPHONY ASSOCIATION PURPOSE: CULTURAL | $75,000 |
GOODFELLOW FUND PURPOSE: SOCIAL WELFARE | $5,000 |
KIMBELL ART MUSEUM PURPOSE: CULTURAL | $10,000 |
MODERN ART MUSEUM OF FORT WORTH PURPOSE: CULTURAL | $10,000 |