William E Schrafft & Bertha E Schrafft Charitable Trust
- Assets
- $44.9m
- Revenue
- $1.6m
- Investments
- $44.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1947
- Data as of
- 12/2020
- EIN
- 04-6065605
Organization Overview
William E Schrafft & Bertha E Schrafft Charitable Trust is located in Boston, MA. The organization was established in 1947. 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. William E Schrafft & Bertha E Schrafft Charitable 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, William E Schrafft & Bertha E Schrafft Charitable Trust generated $1.6m 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 (11.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William E Schrafft & Bertha E Schrafft Charitable Trust has awarded 680 individual grants totaling $12,539,009. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Faulkner Executive Director | 30 | $45,000 | |
Arthur Parker Trustee | 8 | $17,000 | |
Lavinia B Chase Trustee | 4 | $15,000 | |
Kristen J Mccormack Trustee | 4 | $15,000 | |
Joseph Corrado Trustee | 6 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gma Foundations Inc | 12/30/21 | $29,408 |
Middleton Co | 12/30/21 | $111,162 |
Merrill Lynch | 12/30/21 | $95,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,784 |
| Dividends & Interest | $922,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $635,856 |
| Capital Gain Net Income | $635,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,560,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,112 |
| Depreciation | $0 |
| Occupancy | $18,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,929 |
| Total operating and administrative expenses | $465,458 |
| Contributions, gifts, grants paid | $1,855,000 |
| Total expenses and disbursements | $2,320,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $782,483 |
| 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 | $2,771,450 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,892,071 |
| 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 | $187,886 |
| Total liabilities | $187,886 |
Grants Awarded
Over the last fiscal year, William E Schrafft & Bertha E Schrafft Charitable Trust has awarded $1,992,000 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: SUMMER FUND | $80,000 |
Boston, MA PURPOSE: OPERATING | $50,000 |
Boston, MA PURPOSE: OPERATING | $50,000 |
COMMUNITY FOUNDATION OF SOUTHEASTERN MASSACHUSETTS PURPOSE: OPERATING | $50,000 |
Boston, MA PURPOSE: ENVIRONMENTAL JUSTICE FUND | $50,000 |
WATERFRONT HISTORIC AREA LEAGUE PURPOSE: OPERATING | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |