Margaret L Wendt Foundation is located in Buffalo, NY. The organization was established in 1958. 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. Margaret L Wendt 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 12/2021, Margaret L Wendt Foundation generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Margaret L Wendt Foundation has awarded 146 individual grants totaling $12,790,591. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Claire Kresse White Trustee | 20 | $97,067 | |
Thomas Lunt Trustee | 20 | $97,066 | |
Janet L Day Trustee | 20 | $97,066 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $21 |
Dividends & Interest | $3,078,002 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $2,445,725 |
Capital Gain Net Income | $2,445,725 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $607,516 |
Total Revenue | $6,131,264 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $291,197 |
Other employee salaries and wages | $122,960 |
Pension plans, employee benefits | $0 |
Interest | $315,552 |
Taxes | $151,987 |
Depreciation | $204 |
Occupancy | $16,015 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $39,310 |
Total operating and administrative expenses | $1,312,730 |
Contributions, gifts, grants paid | $3,877,692 |
Total expenses and disbursements | $5,190,422 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $88,597 |
Savings and temporary cash investments | $0 |
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 | $3,575,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $9,295,303 |
Investments—mortgage loans | $0 |
Investments—other | $425 |
Net Land, buildings, and equipment | $1,634 |
Other assets | $361,222 |
Total assets | $82,817,860 |
Accounts payable and accrued expenses | $4,441 |
Grants payable | $305,309 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $1,750 |
Total liabilities | $311,500 |
Over the last fiscal year, Margaret L Wendt Foundation has awarded $4,007,692 in support to 44 organizations.
Grant Recipient | Amount |
---|---|
Buffalo, NY PURPOSE: AVAILABLE UPON REQUEST | $338,000 |
MOUNT ST MARY'S HOSPITAL FOUNDATION PURPOSE: AVAILABLE UPON REQUEST | $300,000 |
SAY YES BUFFALO PURPOSE: AVAILABLE UPON REQUEST | $260,000 |
ECMC LIFELINE FOUNDATION PURPOSE: AVAILABLE UPON REQUEST | $258,118 |
WNY RAILWAY HISTORICAL SOCIETY PURPOSE: AVAILABLE UPON REQUEST | $206,809 |
BOYS & GIRLS CLUB OF WNY PURPOSE: AVAILABLE UPON REQUEST | $200,000 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |