Canal Charitable Foundation
- Assets
- $314.7k
- Revenue
- $41.5k
- Investments
- $118.0k
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3971600
Organization Overview
Canal Charitable Foundation is located in Greenville, SC. The organization was established in 2006. 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 independent organization and not affiliated with a larger national or regional group of organizations. Canal Charitable 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 12/2022, Canal Charitable Foundation generated $41.5k 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 (24.8%) each year. All expenses for the organization totaled $121.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Canal Charitable Foundation has awarded 54 individual grants totaling $601,456. 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 |
|---|---|---|---|
Paul Brocklebank Director | 1 | $0 | |
Christopher B Greene Director/secretary And Tre | 1 | $0 | |
William R Timmons III Director/president | 1 | $0 | |
Laura Beth Medley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,993 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,542 |
| Capital Gain Net Income | $34,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $376 |
| Total operating and administrative expenses | $2,413 |
| Contributions, gifts, grants paid | $119,000 |
| Total expenses and disbursements | $121,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,730 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $314,723 |
| 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, Canal Charitable Foundation has awarded $119,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH CAROLINA CHILDREN'S THEATRE PURPOSE: GENERAL CHARITABLE ACTIVITIES | $3,500 |
METROPOLITAN ARTS COUNCIL PURPOSE: GENERAL CHARITABLE ACTIVITIES | $12,500 |
PEACE CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL CHARITABLE ACTIVITIES | $7,500 |
UNITED WAY OF GREENVILLE COUNTY PURPOSE: CHARITABLE SUPPORT | $75,000 |
GREENVILLE SYMPHONY PURPOSE: CHARITABLE SUPPORT | $7,500 |
UNITED MINISTRIES PURPOSE: CHARITABLE SUPPORT | $5,000 |