Harry E And Eda L Montandon Charitable Tr
- Assets
- $42.3m
- Revenue
- $1.9m
- Investments
- $39.6m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 82-6673963
Organization Overview
Harry E And Eda L Montandon Charitable Tr is located in Austin, TX. The organization was established in 2019. 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. Harry E And Eda L Montandon Charitable Tr 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, Harry E And Eda L Montandon Charitable Tr generated $1.9m 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 (21.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Harry E And Eda L Montandon Charitable Tr has awarded 296 individual grants totaling $10,579,736. 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
ALL CHARITABLE ACTIVITIES OF FOUNDATION RELATE TO GRANT MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Buratti Trustee | 0 | $22,500 | |
Kathleen M Mayes Trustee | 0 | $22,500 | |
Eline Buratti Trustee | 0 | $22,500 | |
Barrett Riess Trustee | 0 | $22,500 | |
Jeffrey Mayes 0 | 0 | $22,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 12/30/23 | $196,841 |
Truist Wealth | 12/30/23 | $91,474 |
U S Trust | 12/30/23 | $0 |
Truist Wealth | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147,148 |
| Dividends & Interest | $873,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $900,597 |
| Capital Gain Net Income | $892,195 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170 |
| Total Revenue | $1,921,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $431,981 |
| Contributions, gifts, grants paid | $2,233,000 |
| Total expenses and disbursements | $2,664,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,674,302 |
| 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 | $12,243,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,167 |
| Total assets | $42,307,331 |
| 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, Harry E And Eda L Montandon Charitable Tr has awarded $2,233,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
FOSTER ANGELS OF CENTRAL TEXAS PURPOSE: SUPPORT GUIDE TO THRIVE PROGRAM FOR CHILDREN AGING OUT OF FOSTER CARE FOCUSING ON SUPPORTIVE HOUSING. | $60,000 |
CENTER FOR WOMEN & THEIR WORK PURPOSE: SUPPORT ART ON THE GO PROGRAM FOR DISABLED YOUNG ADULTS AND IT TAKES ART TO SPELL PROGRAM FOR TITLE I CHILDREN. | $25,000 |
HOSPICE AUSTIN PURPOSE: SUPPORT CAMP BRAVE HEART. OFFER THERAPEUTIC ACTIVITIES TO CHILDREN EXPERIENCING LOSS OF A PARENT. | $25,000 |
JEREMIAH PROGRAM PURPOSE: SUPPORT CHILD DEVELOPMENT CENTER FOR CHILDREN OF SINGLE MOTHERS WORKING ON COLLEGE DEGREES. | $30,000 |
MARBRIDGE FOUNDATION INC PURPOSE: COVER GAP IN MEDICARE/MEDICAID REIMBURSEMENT FOR SKILLED NURSING CARE FOR CLIENTS WITH DISABILITIES. | $125,000 |
TEXAS RAMP PROJECT PURPOSE: SUPPORT OPERATIONS TO CONSTRUCT WHEELCHAIR RAMPS FOR LOW INCOME ADULTS. | $40,000 |