Kahle-Austin Foundation
- Assets
- $147.1m
- Revenue
- -$1.4m
- Investments
- $143.7m
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 91-1816164
Organization Overview
Kahle-Austin Foundation is located in Biddeford, ME. The organization was established in 1998. 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. Kahle-Austin Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Kahle-Austin Foundation has awarded 167 individual grants totaling $53,479,158. 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 |
|---|---|---|---|
Brewster L Kahle Chairman | 2 | $0 | |
Mary K Austin Co-Chair/sect'y | 2 | $0 | |
Jeff Ubois Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,450 |
| Dividends & Interest | $2,204,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,064,068 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $414,988 |
| Total Revenue | -$1,432,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $62,722 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,017 |
| Total operating and administrative expenses | $872,483 |
| Contributions, gifts, grants paid | $5,600,000 |
| Total expenses and disbursements | $6,472,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,450 |
| Savings and temporary cash investments | $1,785,378 |
| Net Accounts receivable | $17,809 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $561,205 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $678,771 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $55,506,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,121,537 |
| Accounts payable and accrued expenses | $86,975 |
| 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 | $1,350,000 |
| Total liabilities | $1,436,975 |
Grants Awarded
Over the last fiscal year, Kahle-Austin Foundation has awarded $5,600,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $100,000 |
OPEN LIBRARY OF CANADA PURPOSE: GENERAL SUPPORT | $5,500,000 |