Wade Family Foundation
- Assets
- $9.1m
- Revenue
- $404.7k
- Investments
- $8.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 04-3494798
Organization Overview
Wade Family Foundation is located in Boston, MA. The organization was established in 2000. 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. Wade Family 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 12/2022, Wade Family Foundation generated $404.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wade Family Foundation has awarded 91 individual grants totaling $3,827,126. 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 |
|---|---|---|---|
James F Wade Trustee | 1 | $0 | |
Margaret M Wade Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $450,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,867 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,171 |
| Total operating and administrative expenses | $33,904 |
| Contributions, gifts, grants paid | $1,722,426 |
| Total expenses and disbursements | $1,756,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $281,919 |
| 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 | $9,142,233 |
| 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, Wade Family Foundation has awarded $1,722,426 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCES OF BOSTON PURPOSE: SUPPORT CURRENT PROGRAMS | $250,000 |
LAWRENCE CATHOLIC ACADEMY PURPOSE: SUPPORT CURRENT PROGRAMS | $50,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: SUPPORT FOR CURRENT PROGRAMS | $1,063,626 |
CATHOLIC SCHOOLS FOUNDATION INC PURPOSE: INNER CITY SCHOLARSHIP FUND | $167,800 |
BB&N ANNUAL PURPOSE: SUPPORT FOR CURRENT PROGRAMS | $25,000 |
BELMONT HILL SCHOOL ANNUAL PURPOSE: SUPPORT FOR CURRENT PROGRAMS | $29,000 |