Mary Potishman Lard Trust A
- Assets
- $18.9m
- Revenue
- $2.2m
- Investments
- $17.2m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 75-6210697
Organization Overview
Mary Potishman Lard Trust A is located in Fort Worth, TX. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Potishman Lard Trust A 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 Potishman Lard Trust A generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary Potishman Lard Trust A has awarded 258 individual grants totaling $5,467,000. 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 |
|---|---|---|---|
Walker C Friedman Co-Trustee | 0 | $27,000 | |
Alan D Friedman Co-Trustee | 0 | $27,000 | |
Bayard Friedman Co-Trustee | 0 | $7,500 | |
Dillon W Friedman Co-Trustee | 0 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,774 |
| Dividends & Interest | $681,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $562,779 |
| Capital Gain Net Income | $562,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $885,448 |
| Total Revenue | $2,151,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,570 |
| Depreciation | $299 |
| Occupancy | $13,978 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,865 |
| Total operating and administrative expenses | $366,211 |
| Contributions, gifts, grants paid | $2,152,500 |
| Total expenses and disbursements | $2,518,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,312 |
| Savings and temporary cash investments | $1,577,483 |
| 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 | $3,127 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,097,664 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,886,038 |
| 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 Potishman Lard Trust A has awarded $2,152,500 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR CHILDREN PURPOSE: PROGRAM SUPPORT | $20,000 |
ALL SAINTS HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $50,000 |
AMERICAN CANCER SOCIETY PURPOSE: PROGRAM SUPPORT | $10,000 |
ADVOCATES COMMUNITY TRANSFORMATION PURPOSE: GENERAL OPERATING | $20,000 |
AMERICAN RED CROSS-N TX REGION PURPOSE: PROGRAM SUPPORT | $35,000 |
AMON CARTER MUSEUM OF AMERICAN ART PURPOSE: OPERATING AND PROGRAM SUPPORT | $110,000 |