Wright Foundation Inc

Organization Overview

Wright Foundation Inc is located in Greenwich, CT. The organization was established in 2001. 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. Wright 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 12/2021, Wright Foundation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Wright Foundation Inc has awarded 21 individual grants totaling $2,815,000. 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)Compensation
Peter A Wright
Dir/pres
$0
Zachary Wright
Dir/vp
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,737,221
Interest on Savings $981,646
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $1,545,550
Capital Gain Net Income $3,193,127
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $461
Total Revenue $4,264,878

Grants Awarded

Over the last fiscal year, Wright Foundation Inc has awarded $1,425,000 in support to 9 organizations.

Grant RecipientAmount

CORNELL UNIVERSITY

Org PageRecipient Profile

Ithaca, NY

PURPOSE: JOHNSON ALUMNI FACULTY ENDOWMENT FUND

$300,000

North Bergen, NJ

PURPOSE: ENDOWMENT FUND

$250,000

Greenwich, CT

PURPOSE: ENDOWMENT FUND

$200,000

CORNELL UNIVERSITY

Org PageRecipient Profile

Ithaca, NY

PURPOSE: PETER A WRIGHT CATALYST FUND

$200,000

BIRTHRIGHT ISRAEL FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL DONATION

$200,000

CORNELL UNIVERSITY

Org PageRecipient Profile

Ithaca, NY

PURPOSE: INDUSTRIAL PRACTITIONER PROGRAM IN CHEMICAL & BIOMOLECULAR ENGINEERING

$100,000
View Grant Profile

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