Cogswell Benevolent Trust
- Assets
- $30.2m
- Revenue
- $3.2m
- Investments
- $26.4m
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 01/1931
- Data as of
- 12/2020
- EIN
- 02-0235690
Organization Overview
Cogswell Benevolent Trust is located in Manchester, NH. The organization was established in 1931. 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. Cogswell Benevolent Trust 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 12/2020, Cogswell Benevolent Trust generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2020. While expenses have increased by 0.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cogswell Benevolent Trust has awarded 741 individual grants totaling $11,131,995. 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 |
|---|---|---|---|
Charles Goodwin Trustee | 20 | $25,000 | |
Peter Kachavos Trustee | 20 | $25,000 | |
Mark Northridge Trustee | 20 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,320 |
| Dividends & Interest | $760,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,432,142 |
| Capital Gain Net Income | $2,432,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,531 |
| Total Revenue | $3,198,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $36,580 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,313 |
| Depreciation | $0 |
| Occupancy | $4,495 |
| Travel, conferences, and meetings | $2,000 |
| Printing and publications | $0 |
| Other expenses | $28,405 |
| Total operating and administrative expenses | $378,946 |
| Contributions, gifts, grants paid | $1,631,572 |
| Total expenses and disbursements | $2,010,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,776,787 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,218,866 |
| 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, Cogswell Benevolent Trust has awarded $1,631,572 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
CASA NEW HAMPSHIRE PURPOSE: INCREASE CAPACITY TO SERVE 100% OF NH'S ABUSED & NEGLECTED CHILDREN | $100,000 |
FAMILIES IN TRANSITION PURPOSE: EMERGENCY FUNDING FOR FOOD & SHELTER DUE TO COVID-19 CRISIS | $100,000 |
EASTER SEALS NEW HAMPSHIRE PURPOSE: BUY PERSONAL PROTECTIVE EQUIPMENT & CLEANING SUPPLIES DUE TO COVID-19 PANDEMIC | $100,000 |
NH FOOD BANK PURPOSE: EMERGENCY GRANT FOR FOOD DUE TO COVID-19 CRISIS | $100,000 |
GRANITE UNITED WAY PURPOSE: 2020 ANNUAL CAMPAIGN | $55,000 |
GRANITE UNITED WAY PURPOSE: 2019 ANNUAL CAMPAIGN | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |
George I Alden Trust Worcester, MA | $212,050,748 | $45,527,501 |
Dolphin Charitable Foundation Boston, MA | $0 | -$101,763 |
Wagner Foundation Boston, MA | $0 | $16,483,558 |
Cedar Tree Foundation Inc Boston, MA | $119,892,393 | $12,564,904 |
Shipley Foundation Inc Boston, MA | $165,803,425 | -$17,085,100 |
Libra Foundation Owen W Wells Trustee Portland, ME | $194,515,715 | $7,192,031 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |