Childtrust Foundation
- Assets
- $20.0m
- Revenue
- $2.0m
- Investments
- $19.6m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-0477249
Organization Overview
Childtrust Foundation is located in Raleigh, NC. The organization was established in 2006. 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. Childtrust 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, Childtrust Foundation generated $2.0m 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 (8.2%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Childtrust Foundation has awarded 336 individual grants totaling $14,728,756. 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 |
|---|---|---|---|
James H Maynard President | 1 | $0 | |
Richard A Urquhart III Treasurer | 1 | $0 | |
Ronald M Barbee Secretary | 3 | $0 | |
Easter A Maynard Vice President | 5 | $0 | |
Theodore M Fowler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $156,831 |
| Interest on Savings | $95 |
| Dividends & Interest | $227,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,660,159 |
| Capital Gain Net Income | $1,660,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,044,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $217,644 |
| Total operating and administrative expenses | $264,591 |
| Contributions, gifts, grants paid | $1,871,625 |
| Total expenses and disbursements | $2,136,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $377,025 |
| 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 | $17,691 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,526,130 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,604 |
| Total assets | $20,020,113 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $465,000 |
| 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 | $465,000 |
Grants Awarded
Over the last fiscal year, Childtrust Foundation has awarded $1,871,625 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN | $252,375 |
NC EARLY CHILDHOOD FOUNDATION PURPOSE: TO MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS AND ACHIEVEMENTS TO BUILD A FOUNDATION OF OPPORTUNITY AND SUCCESS FOR EVERY CHILD BY THE END OF THIRD GRADE | $170,000 |
Raleigh, NC PURPOSE: EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $127,375 |
Raleigh, NC PURPOSE: EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $125,000 |
PUBLIC SCHOOL FORUM OF NC INC PURPOSE: SHAPE A WORLD-CLASS PUBLIC EDUCATION | $102,375 |
NC EARLY CHILDHOOD FOUNDATION PURPOSE: TO MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS AND ACHIEVEMENTS TO BUILD A FOUNDATION OF OPPORTUNITY AND SUCCESS FOR EVERY CHILD BY THE END OF THIRD GRADE | $87,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |