Saxe Foundation Inc
- Assets
- $127.2k
- Revenue
- $12.7k
- Investments
- $127.2k
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 06-6037207
Organization Overview
Saxe Foundation Inc is located in New Canaan, CT. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Saxe Foundation Inc 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, Saxe Foundation Inc generated $12.7k 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 (14.0%) each year. All expenses for the organization totaled $47.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Saxe Foundation Inc has awarded 73 individual grants totaling $112,913. 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
2022
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 |
|---|---|---|---|
T Brock Saxe President & Director | 4 | $0 | |
Barbara B Saxe Vice Pres., Sec & Director | 2 | $0 | |
Brock T Saxe Treasurer & Director | 1 | $0 | |
John D Saxe Director | 1 | $0 | |
Matthew B Saxe Director | 1 | $0 | |
Kevin B Saxe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124 |
| Dividends & Interest | $6,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,059 |
| Capital Gain Net Income | $6,059 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174 |
| Total operating and administrative expenses | $3,839 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $47,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $107,638 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $127,240 |
| 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 | $564 |
| Total liabilities | $564 |
Grants Awarded
Over the last fiscal year, Saxe Foundation Inc has awarded $44,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC ACADEMY OF BRIDGEPORT PURPOSE: GENERAL OPERATING SUPPORT | $500 |
CANTERBURY SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
CITYSQUASH PURPOSE: GENERAL OPERATING SUPPORT | $100 |
CONVENT OF THE SACRED HEART PURPOSE: GENERAL OPERATING SUPPORT | $500 |
DARTMOUTH COLLEGE FUND PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
EKWANOK SCHOLARSHIP FUND PURPOSE: GENERAL OPERATING SUPPORT | $500 |