Milliken & Company Charitable Foundation
- Assets
- $11.3m
- Revenue
- $5.3m
- Investments
- $8.9m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- Data as of
- 11/2023
- EIN
- 85-3211603
Organization Overview
Milliken & Company Charitable Foundation is located in Spartanburg, SC. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Milliken & Company 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 11/2023, Milliken & Company Charitable Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.3m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Milliken & Company Charitable Foundation has awarded 228 individual grants totaling $13,035,339. 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 |
|---|---|---|---|
Halsey Cook Jr President/director | 0.1 | $0 | |
David Smart Vice President/director | 0.2 | $0 | |
J Randolph Richeson Vice President | 0.1 | $0 | |
Mark Allen Treasurer | 0.1 | $0 | |
Natalie Dunham Secretary | 0.1 | $0 | |
Craig Haydamack Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,150,066 |
| Interest on Savings | $16,318 |
| Dividends & Interest | $280,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$175,370 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,271,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,845 |
| Total operating and administrative expenses | $134,510 |
| Contributions, gifts, grants paid | $2,201,248 |
| Total expenses and disbursements | $2,335,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,382,877 |
| 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 | $1,280,752 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,330,669 |
| 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, Milliken & Company Charitable Foundation has awarded $6,651,248 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
864PRIDE PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
ALICE LLOYD COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $50 |
AMERICAN RED CROSS OCONEE COUNTY CHAPTER PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ANDERSON UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
ANGELS CHARGE MINISTRY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BALLET SPARTANBURG INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |