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 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peter & Elizabeth C Tower Foundation Tr has awarded 686 individual grants totaling $27,779,972. 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 |
|---|---|---|---|
John N Blair Attorney Trustee | 30 | $204,074 | |
Tracy Sawicki Executive Director | 40 | $194,224 | |
Donald W Matteson Chief Program Off. | 40 | $115,480 | |
Nicholas G Randell Program Off. | 40 | $94,326 | |
Charles E Colston Jr Program Off. | 40 | $90,572 | |
Megan T Macdavey Program Off. | 40 | $87,173 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pillsbury Winthrop Shaw Pittman Llp | 12/30/21 | $574,325 |
Full Frame Communications Llc | 12/30/21 | $359,275 |
Ubs Financial Services Inc | 12/30/21 | $307,890 |
Ubs Financial Services Inc | 12/30/21 | $152,134 |
Barclay Damon Llp | 12/30/21 | $156,173 |
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 $10,013,274 in support to 240 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR NONPROFIT PRACTICE PURPOSE: CHARITABLE | $950,000 |
Northampton, MA PURPOSE: CHARITABLE | $306,360 |
Boston, MA PURPOSE: CHARITABLE | $300,000 |
INSTITUTE FOR NONPROFIT PRACTICE PURPOSE: CHARITABLE | $255,000 |
Danvers, MA PURPOSE: CHARITABLE | $234,612 |
Buffalo, NY PURPOSE: CHARITABLE | $225,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peter & Elizabeth C Tower Foundation Tr has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |