Albert J Gifford Charitable Tr
- Assets
- $1.3m
- Revenue
- $184.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 04/1962
- Data as of
- 12/2022
- EIN
- 04-6023790
Organization Overview
Albert J Gifford Charitable Tr is located in Worcester, MA. The organization was established in 1962. 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. Albert J Gifford Charitable Tr 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, Albert J Gifford Charitable Tr generated $184.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $187.3k during the year ending 12/2022. While expenses have increased by 2.4% 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 2017, Albert J Gifford Charitable Tr has awarded 42 individual grants totaling $636,762. 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 | 1 | $5,000 | |
Gifford C Brown Trustee | 1 | $5,000 | |
Douglas Q Meystre Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,427 |
| Capital Gain Net Income | $72,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,884 |
| Total Revenue | $184,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,591 |
| Total operating and administrative expenses | $57,274 |
| Contributions, gifts, grants paid | $130,035 |
| Total expenses and disbursements | $187,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,204 |
| 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 | $67,779 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,340,648 |
| 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, Albert J Gifford Charitable Tr has awarded $130,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CONGREGATIONAL CHURCH PURPOSE: 1) 7,920 THE CONSERVATION TREATMENT | $20,000 |
JEREMIAH'S INN PURPOSE: TO COMPLETE THE RENOVATION OF JEREMI | $5,000 |
MUSTARD SEED CATHOLIC WORKER COMMUN PURPOSE: SUPPORT OF BUILDING A DEDICATED OUTD | $10,000 |
OPEN SKY COMMUNITY SERVICES PURPOSE: SUPPORT OF THE RELOCATION AND EXPANS | $5,000 |
UNITED WAY OF CENTRAL MASSACHUSETTS PURPOSE: TO RESPOND TO NEEDS AND POSITION OUR | $25,000 |
WORCESTER ART MUSEUM PURPOSE: SUPPORT OF THE NEXT CRITICAL PHASE O | $20,000 |