R T Vanderbilt Trust
- Assets
- $7.1m
- Revenue
- $253.7k
- Investments
- $6.9m
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 05/1953
- Data as of
- 12/2022
- EIN
- 06-6040981
Organization Overview
R T Vanderbilt Trust is located in Norwalk, CT. The organization was established in 1953. 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. R T Vanderbilt 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, R T Vanderbilt Trust generated $253.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $438.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, R T Vanderbilt Trust has awarded 193 individual grants totaling $1,735,940. 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 |
|---|---|---|---|
Hugh B Vanderbilt Jr Co-Trustee | 5 | $0 | |
Paul Vanderbilt Co-Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $219,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,120 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,465 |
| Total Revenue | $253,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,837 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,385 |
| Total operating and administrative expenses | $94,799 |
| Contributions, gifts, grants paid | $343,380 |
| Total expenses and disbursements | $438,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,234 |
| Savings and temporary cash investments | $252,270 |
| 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 | $775,694 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,107,842 |
| 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, R T Vanderbilt Trust has awarded $343,380 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL POLICE DEPARTMENT PURPOSE: GENERAL OPERATING | $500 |
CONNECTICUT CANCER FOUNDATION INC PURPOSE: GENERAL OPERATING | $5,000 |
DANBURY VOLUNTEER FIRE BATTALION PURPOSE: GENERAL OPERATING | $500 |
MURRELLS INLET FIRE DEPARTMENT PURPOSE: GENERAL OPERATING | $2,000 |
THE SPIRE SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
CATHOLIC CHARITIES MAINE PURPOSE: PROVIDE ASSISTANCE TO NEEDY | $3,000 |