Westreich Foundation
- Assets
- $12.0m
- Revenue
- $324.5k
- Investments
- $6.3m
- Employees
- 0
- Location
- Weaverville, NC
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 20-3598096
Organization Overview
Westreich Foundation is located in Weaverville, NC. 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. Westreich Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Westreich Foundation has awarded 233 individual grants totaling $6,657,614. 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 |
|---|---|---|---|
Ruth Westreich President | 0 | $0 | |
Stanley I Westreich Dec'd 41121 Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,388 |
| Dividends & Interest | $10,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,263 |
| Capital Gain Net Income | $305,263 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $362,514 |
| Total operating and administrative expenses | $392,609 |
| Contributions, gifts, grants paid | $955,000 |
| Total expenses and disbursements | $1,347,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,748,173 |
| 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 | $3,007,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,045,136 |
| 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, Westreich Foundation has awarded $955,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR NATURAL HEALTH PURPOSE: HEALTH | $300,000 |
CENTER FOR CONSCIOUS LIVING & DYING PURPOSE: CREATE A COMMUNITY THAT EMBODIES LIVING A MEANINGFUL LIFE THROUGH INNER EXPLORATION AND GROWTH, SERVICE, AND COMMUNITY-SUPPORTED END-OF-LIFE CARE | $20,000 |
ENERGETIC HEALTH INSTITUTE PURPOSE: HEALTH INFORMATION | $100,000 |
ENVIRONMENTAL WORKING GROUP PURPOSE: TO EMPOWER YOU WITH BREAKTHROUGH RESEARCH TO MAKE INFORMED CHOICES AND LIVE A HEALTHY LIFE IN A HEALTHY ENVIRONMENT. | $15,000 |
EPIDEMIC ANSWERS PURPOSE: HEALTH | $25,000 |
GMO SCIENCE CO TARA FIRMA FARMS INSTITUTE PURPOSE: EXPERTS EXPLORING THE SCIENCE OF GENETIC ENGINEERING AND ITS IMPACT ON FOOD, HEALTH, AND AGRICULTURE. | $25,000 |