Westley Family Foundation Inc
- Assets
- $3.3m
- Revenue
- $55.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 11-3759358
Organization Overview
Westley Family Foundation Inc is located in Washington, DC. The organization was established in 2006. 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. Westley Family 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, Westley Family Foundation Inc generated $55.5k 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 (16.3%) each year. All expenses for the organization totaled $179.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Westley Family Foundation Inc has awarded 36 individual grants totaling $440,500. 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 |
|---|---|---|---|
Glenn Westley President And Treasurer | 0.4 | $4,602 | |
Jeanne Holzgrefe Secretary | 0.38 | $819 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,421 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $519 |
| Total operating and administrative expenses | $15,904 |
| Contributions, gifts, grants paid | $163,500 |
| Total expenses and disbursements | $179,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,089 |
| Savings and temporary cash investments | $38,471 |
| 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 | $3,250,177 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,306,737 |
| 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, Westley Family Foundation Inc has awarded $163,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: TO PROVIDE TUITION ASSISTANCE FOR THE MEDICAL SCHOOL | $40,000 |
GEORGE WASHINGTON UNIVERSITY SCHOOL OF MEDICINE PURPOSE: TO PROVIDE TUITION ASSISTANCE FOR THE MEDICAL SCHOOL | $40,000 |
Ely, MN PURPOSE: TO SUPPORT THE CAMPAIGN TO SAVE THE BOUNDARY WATERS | $25,000 |
Arlington, VA PURPOSE: GENERAL ENVIRONMENTAL CONSERVATION SUPPORT | $25,000 |
Washington, DC PURPOSE: TO SUPPORT WILDLIFE CONSERVATION AND ENDANGERED SPECIES | $10,000 |
ARENA STAGE PURPOSE: THEATER SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |