Victor R Wright Foundation
- Assets
- $377.7k
- Revenue
- $94.8k
- Investments
- $259.7k
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 01/1987
- Data as of
- 07/2023
- EIN
- 13-3318173
Organization Overview
Victor R Wright Foundation is located in Harrison, NY. The organization was established in 1987. 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. Victor R Wright Foundation 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 07/2023, Victor R Wright Foundation generated $94.8k 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 (10.9%) each year. All expenses for the organization totaled $195.0k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Victor R Wright Foundation has awarded 35 individual grants totaling $552,100. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTIONS OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Wright Trustee | 0 | $0 | |
Jennifer Wright Trustee | 0 | $0 | |
Samantha Wright Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,575 |
| Capital Gain Net Income | $72,575 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $5,280 |
| Contributions, gifts, grants paid | $189,750 |
| Total expenses and disbursements | $195,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,910 |
| Savings and temporary cash investments | $112,075 |
| 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 | $377,672 |
| 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, Victor R Wright Foundation has awarded $189,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: GENERAL PURPOSE | $55,000 |
COLUMBUS CITIZENS FOUNDATION PURPOSE: GENERAL PURPOSE | $12,000 |
ST BARNABAS HOSPITAL PURPOSE: GENERAL PURPOSE | $10,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: GENERAL PURPOSE | $15,000 |
MUSCULAR DYSTROPHY ASSN PURPOSE: GENERAL PURPOSE | $10,000 |
THE VISCARDI CENTER PURPOSE: GENERAL PURPOSE | $10,000 |