Walter E & Ruth K Wright Charitable Foundation Inc
- Assets
- $820.6k
- Revenue
- $75.2k
- Investments
- $776.3k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/2005
- Data as of
- 06/2021
- EIN
- 20-1825157
Organization Overview
Walter E & Ruth K Wright Charitable Foundation Inc is located in Indianapolis, IN. The organization was established in 2005. 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. Walter E & Ruth K Wright Charitable 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 06/2021, Walter E & Ruth K Wright Charitable Foundation Inc generated $75.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $57.2k during the year ending 06/2021. While expenses have increased by 14.8% per year over the past 6 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 2015, Walter E & Ruth K Wright Charitable Foundation Inc has awarded 96 individual grants totaling $194,171. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNSOLICITED CHARITABLE CONTRIBUTIONS ARE MADE TO VARIOUS UNRELATED EXEMPT ORGANIZATIONS BASED ON DISCUSSION AND AGREEMENT AMONG THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Wright Director | 1 | $0 | |
Donald Wright Treasurer | 1 | $0 | |
Thomas Wright President | 1 | $0 | |
Richard Wright Director | 1 | $0 | |
Susan Wright Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,920 |
| Capital Gain Net Income | $57,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,973 |
| Contributions, gifts, grants paid | $51,200 |
| Total expenses and disbursements | $57,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,248 |
| 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 | $592,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,559 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Walter E & Ruth K Wright Charitable Foundation Inc has awarded $51,200 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ESTHER MARIE HATTON FOR WOMEN DBA SHELTERHOUSE PURPOSE: CHARITABLE CONTRIBUTION | $5,120 |
HAVEN HOUSE EMERGENCY SHELTER PURPOSE: CHARITABLE CONTRIBUTION | $5,120 |
THE BAIL PROJECT PURPOSE: CHARITABLE CONTRIBUTION | $3,414 |
MEALS ON WHEELS PURPOSE: CHARITABLE CONTRIBUTION | $3,414 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $3,413 |
Portland, OR PURPOSE: CHARITABLE CONTRIBUTION | $3,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
Chicago Foundation For Women Chicago, IL | $20,116,109 | $10,062,657 |