Otto & Edna Neely Foundation

Organization Overview

Otto & Edna Neely Foundation is located in Gilbert, AZ. The organization was established in 1988. 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. Otto & Edna Neely 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 12/2021, Otto & Edna Neely Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Otto & Edna Neely Foundation has awarded 444 individual grants totaling $5,738,902. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENEVOLENCE TO PROVIDE SHELTER TO THE INDIGENT.


SCHOLARSHIPS PAID DIRECTLY TO STUDENTS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $134
Dividends & Interest $188,354
Net Rental Income$0
Net Gain on Sale of Assets $1,820,222
Capital Gain Net Income $1,803,262
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$1,390
Total Revenue $2,007,320

Grants Awarded

Over the last fiscal year, Otto & Edna Neely Foundation has awarded $838,650 in support to 63 organizations.

Grant RecipientAmount

ARIZONA STATE UNIVERSITY

PURPOSE: 2021 SCHOLARSHIPS

$66,000

CAMPUS CHRISTIAN CENTER

PURPOSE: SMALL CAPITAL DEVELOPMENT GRANT

$50,000

Mesa, AZ

PURPOSE: COMMUNITY SERVICE

$50,000

GILBERT HISTORICAL MUSEUM

PURPOSE: SMALL CAPITAL DEVELOPMENT

$50,000

ARIZONA AGRICULTURE FOUNDATION FFA

PURPOSE: EDUCATIONAL GRANT

$49,250

MESA PRESYTERIAN MINISTRIES

Org PageRecipient Profile

Mesa, AZ

PURPOSE: COMMUNITY SERVICE GRANT

$33,000
View Grant Profile

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