Wise Family Charitable Foundation
- Assets
- $429.3k
- Revenue
- $32.0k
- Investments
- $364.3k
- Employees
- 0
- Location
- Chester, NY
- Founding
- 04/1998
- Data as of
- 10/2023
- EIN
- 13-3861747
Organization Overview
Wise Family Charitable Foundation is located in Chester, NY. The organization was established in 1998. 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. Wise Family Charitable 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 10/2023, Wise Family Charitable Foundation generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $133.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wise Family Charitable Foundation has awarded 97 individual grants totaling $758,985. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomas Wise Trustee | 1 | $0 | |
John Castaldo Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $489 |
| Dividends & Interest | $10,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,949 |
| Capital Gain Net Income | $20,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,812 |
| Total operating and administrative expenses | $6,812 |
| Contributions, gifts, grants paid | $126,250 |
| Total expenses and disbursements | $133,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,916 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,000 |
| 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 | $364,335 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $429,251 |
| 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, Wise Family Charitable Foundation has awarded $126,250 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CONCERN FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
BABSON COLLEGE PURPOSE: GENERAL SUPPORT | $10,000 |
NEW MUSIC USA PURPOSE: GENERAL SUPPORT | $10,000 |
WILLIE MAE ROCK CAMP FOR GIRLS PURPOSE: GENERAL SUPPORT | $510 |
BARD COLLEGE PURPOSE: GENERAL SUPPORT | $25,000 |
NY EYE & EAR INFIRMARY PURPOSE: GENERAL SUPPORT | $20,000 |