Peter & Elizabeth C Tower Foundation Tr
- Assets
- $119.2m
- Revenue
- $15.3m
- Investments
- $114.7m
- Employees
- 0
- Location
- Getzville, NY
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 16-6350753
Organization Overview
Peter & Elizabeth C Tower Foundation Tr is located in Getzville, NY. The organization was established in 1991. 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 itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Peter & Elizabeth C Tower Foundation Tr 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, Peter & Elizabeth C Tower Foundation Tr generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 3 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, Peter & Elizabeth C Tower Foundation Tr has awarded 680 individual grants totaling $30,412,417. 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 |
|---|---|---|---|
Mollie Tower Byrnes Trustee | 2 | $0 | |
Cynthia T Doyle Trustee | 2 | $0 | |
Robert M Doyle Trustee | 2 | $0 | |
John H Byrnes Trustee | 2 | $0 | |
Tracy Sawicki Executive Director | 40 | $194,615 | |
John N Blair Attorney Trustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barclay Damon Llp | 12/30/22 | $669,092 |
Pillsbury Winthrop Shaw Pittman Llp | 12/30/22 | $654,687 |
Full Frame Communications Llc | 12/30/22 | $493,275 |
Amherst H Wilder Foundation | 12/30/22 | $135,125 |
Ubs Financial Services Inc | 12/30/22 | $126,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,800 |
| Interest on Savings | $728 |
| Dividends & Interest | $2,615,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,505,226 |
| Capital Gain Net Income | $12,570,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,792 |
| Total Revenue | $15,308,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $439,298 |
| Other employee salaries and wages | $532,577 |
| Pension plans, employee benefits | $123,982 |
| Interest | $31,381 |
| Taxes | $241,182 |
| Depreciation | $5,271 |
| Occupancy | $85,920 |
| Travel, conferences, and meetings | $22,955 |
| Printing and publications | $3,133 |
| Other expenses | $187,438 |
| Total operating and administrative expenses | $3,942,163 |
| Contributions, gifts, grants paid | $7,102,190 |
| Total expenses and disbursements | $11,044,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,200 |
| Savings and temporary cash investments | $4,123,194 |
| 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 | $75,866,573 |
| Net Land, buildings, and equipment | $7,265 |
| Other assets | $104,716 |
| Total assets | $119,206,990 |
| 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 | $12,364 |
| Total liabilities | $12,364 |
Grants Awarded
Over the last fiscal year, Peter & Elizabeth C Tower Foundation Tr has awarded $11,515,794 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE FOR JAZZ LTD PURPOSE: CHARITABLE | $5,000 |
ABOVE THE CLOUDS INC PURPOSE: CHARITABLE | $10,000 |
ACCESS OF WNY INC PURPOSE: CHARITABLE | $23,500 |
ACCESSIBLE ACADEMICS USA INC PURPOSE: CHARITABLE | $20,250 |
ACTION INC PURPOSE: CHARITABLE | $10,000 |
AFRICAN AMERICAN CULTURAL CENTER OF THE CAPITAL REGION INC PURPOSE: CHARITABLE | $10,000 |