Wade L Layton Charitable Trust
- Assets
- $6.8m
- Revenue
- $1.9m
- Investments
- $6.6m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-8572571
Organization Overview
Wade L Layton Charitable Trust is located in Savannah, GA. The organization was established in 2008. 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. Wade L Layton Charitable Trust 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, Wade L Layton Charitable Trust generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 28.0% per year over the past 7 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 2014, Wade L Layton Charitable Trust has awarded 81 individual grants totaling $10,823,248. 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 |
|---|---|---|---|
Francis A Brown Trustee | 10 | $40,000 | |
Bennie Faulk Trustee | 10 | $40,000 | |
Steve Stramm Trustee | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,517 |
| Dividends & Interest | $424,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,435,287 |
| Capital Gain Net Income | $1,435,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,861,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $164,114 |
| Contributions, gifts, grants paid | $3,873,248 |
| Total expenses and disbursements | $4,037,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $269,683 |
| 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 | $6,847,787 |
| 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, Wade L Layton Charitable Trust has awarded $3,873,248 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY DAY SCHOOL PURPOSE: FINANCIAL SUPPORT | $1,275,000 |
BENEDICTINE MILITARY SCHOOL PURPOSE: ANNUAL FINANCIAL SUPPORT & CAPITAL C | $1,120,000 |
ST VINCENT'S ACADEMY PURPOSE: FINANCIAL SUPPORT | $1,120,000 |
FIRST BAPTIST CHURCH PURPOSE: FINANCIAL SUPPORT | $135,000 |
FIRST THESSOLONIAN HOLINESS CHURCH PURPOSE: FINANCIAL SUPPORT | $78,248 |
RAMBAM DAY SCHOOL PURPOSE: FINANCIAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
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 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
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 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |