Daniel P And Grace I Tully Charitable Trust
- Assets
- $3.3m
- Revenue
- $172.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Darien, CT
- Founding
- 12/1986
- Data as of
- 11/2023
- EIN
- 22-2804896
Organization Overview
Daniel P And Grace I Tully Charitable Trust is located in Darien, CT. The organization was established in 1986. 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. Daniel P And Grace I Tully 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 11/2023, Daniel P And Grace I Tully Charitable Trust generated $172.3k 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 (14.3%) each year. All expenses for the organization totaled $558.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daniel P And Grace I Tully Charitable Trust has awarded 91 individual grants totaling $4,188,900. 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 |
|---|---|---|---|
Mark Ricca Trustee/board Of Directors | 0 | $0 | |
Eileen Ceglarski Trustee/board Of Directors | 5 | $36,000 | |
Elizabeth Berry Trustee/board Of Directors | 0 | $0 | |
Daniel G Tully Trustee/board Of Directors | 0 | $0 | |
Timothy J Tully Trustee/board Of Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,812 |
| Dividends & Interest | $146,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,432 |
| Capital Gain Net Income | $5,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,091 |
| Total operating and administrative expenses | $88,343 |
| Contributions, gifts, grants paid | $470,000 |
| Total expenses and disbursements | $558,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,936 |
| Savings and temporary cash investments | $0 |
| 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 | $3,332,490 |
| 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, Daniel P And Grace I Tully Charitable Trust has awarded $470,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CYSTIC FIBROSIS FOUNDATION PURPOSE: HEALTH | $10,000 |
FAIRFIELD UNIVERSITY PURPOSE: EDUCATION | $100,000 |
STAMFORD HOSPITAL HEALTH FOUNDATION PURPOSE: HEALTH | $110,000 |
BOSTON COLLEGE PURPOSE: EDUCATION | $250,000 |