George I Alden Trust
- Assets
- $204.6m
- Revenue
- $6.9m
- Investments
- $199.5m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 04-6023784
Organization Overview
George I Alden Trust is located in Worcester, MA. The organization was established in 1981. 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. George I Alden 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 12/2022, George I Alden Trust generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $14.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, George I Alden Trust has awarded 250 individual grants totaling $33,172,000. 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 |
|---|---|---|---|
Warner S Fletcher Trustee | 25 | $150,000 | |
James E Collins Trustee | 20 | $150,000 | |
Gail T Randall Trustee | 20 | $150,000 | |
Douglas Meystre Trustee | 20 | $150,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westfield | 12/30/22 | $432,038 |
Highclere Intl Investors | 12/30/22 | $169,108 |
Kiltearn Partners Inc | 12/30/22 | $150,245 |
Ftw & Co (Alpine) | 12/30/22 | $111,209 |
Mondrian International Small Cap | 12/30/22 | $49,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,026 |
| Dividends & Interest | $3,482,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,152,674 |
| Capital Gain Net Income | $3,152,674 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $295,957 |
| Total Revenue | $6,944,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $516,166 |
| Depreciation | $0 |
| Occupancy | $12,667 |
| Travel, conferences, and meetings | $3,954 |
| Printing and publications | $0 |
| Other expenses | $359,899 |
| Total operating and administrative expenses | $2,480,308 |
| Contributions, gifts, grants paid | $11,482,000 |
| Total expenses and disbursements | $13,962,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,103,136 |
| 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 | $75,567,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $204,621,748 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,785,000 |
| 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 | $5,785,000 |
Grants Awarded
Over the last fiscal year, George I Alden Trust has awarded $17,267,000 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY KELLEY FOSTER HOME PURPOSE: TO FURTHER EDUCATION | $15,000 |
AFRICAN COMMUNITY EDUCATION (ACE) PURPOSE: TO FURTHER EDUCATION | $15,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO FURTHER EDUCATION | $15,000 |
ALICE LLOYD COLLEGE PURPOSE: TO FURTHER EDUCATION | $175,000 |
AMERICAN ANTIQUARIAN SOCIETY PURPOSE: TO FURTHER EDUCATION | $350,000 |
ART IN THE PARK CO ARTS & BUSINESS COUNCIL OF BOSTON PURPOSE: TO FURTHER EDUCATION | $15,000 |