Lily Palmer Fry Memorial Trust
- Assets
- $5.4m
- Revenue
- $184.6k
- Investments
- $5.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1957
- Data as of
- 12/2023
- EIN
- 06-6033612
Organization Overview
Lily Palmer Fry Memorial Trust is located in Dallas, TX. The organization was established in 1957. 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. Lily Palmer Fry Memorial 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 12/2023, Lily Palmer Fry Memorial Trust generated $184.6k 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 (11.5%) each year. All expenses for the organization totaled $369.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Lily Palmer Fry Memorial Trust has awarded 39 individual grants totaling $237,000. 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 |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $46,052 | |
Cheryn Kwasnik Co-Trustee | 1 | $30,888 | |
William P Peterson Co-Trustee | 1 | $30,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,154 |
| Capital Gain Net Income | $26,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,368 |
| Total Revenue | $184,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,827 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,060 |
| Total operating and administrative expenses | $132,616 |
| Contributions, gifts, grants paid | $237,000 |
| Total expenses and disbursements | $369,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,727 |
| 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 | $5,408,963 |
| 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, Lily Palmer Fry Memorial Trust has awarded $237,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA GREENWICH CONNECTICUT INC PURPOSE: UNRESTRICTED GENERAL | $7,000 |
BOYS & GIRLS CLUB OF GREENWICH PURPOSE: UNRESTRICTED GENERAL | $10,000 |
YWCA HARTFORD REGION INC PURPOSE: UNRESTRICTED GENERAL | $5,000 |
ADELBROOK INC PURPOSE: UNRESTRICTED GENERAL | $5,000 |
YMCA CAMP MOHAWK INC PURPOSE: UNRESTRICTED GENERAL | $7,000 |
GIRL SCOUTS OF CONNECTICUT INC PURPOSE: UNRESTRICTED GENERAL | $3,500 |