Kenneth A Hall And Patricia A Hall Charitable Foundation
- Assets
- $70.6m
- Revenue
- $6.1m
- Investments
- $67.1m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-4709926
Organization Overview
Kenneth A Hall And Patricia A Hall Charitable Foundation is located in Norfolk, VA. The organization was established in 2019. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenneth A Hall And Patricia A Hall Charitable 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 12/2023, Kenneth A Hall And Patricia A Hall Charitable Foundation generated $6.1m in total revenue.
Since 2020, Kenneth A Hall And Patricia A Hall Charitable Foundation has awarded 107 individual grants totaling $15,788,000. 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 |
|---|---|---|---|
Kenneth A Hall Jr Trustee | 1 | $0 | |
F Gray Kiger Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $694,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,264,042 |
| Capital Gain Net Income | $3,773,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,211 |
| Total Revenue | $6,059,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $64,632 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $633,646 |
| Depreciation | $18,122 |
| Occupancy | $15,438 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,883 |
| Total operating and administrative expenses | $1,043,794 |
| Contributions, gifts, grants paid | $4,210,000 |
| Total expenses and disbursements | $5,253,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,054,166 |
| Savings and temporary cash investments | $0 |
| 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 | $21,749,400 |
| Net Land, buildings, and equipment | $435,848 |
| Other assets | $114 |
| Total assets | $70,604,181 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,340,000 |
| 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 | $5,340,000 |
Grants Awarded
Over the last fiscal year, Kenneth A Hall And Patricia A Hall Charitable Foundation has awarded $4,210,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ARMED SERVICES YMCA OF HAMPTON ROADS PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $10,000 |
CHARLES BARKER CHAMPIONS FOR KIDS PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $20,000 |
BEGIN AGAIN FOUNDATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $50,000 |
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $750,000 |
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $50,000 |
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: TO PROVIDE FINANCIAL SUPPORT. | $15,000 |