Clifford Family Foundation Charitable Trust
- Assets
- $27.5m
- Revenue
- $731.6k
- Investments
- $22.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 22-3025894
Organization Overview
Clifford Family Foundation Charitable Trust is located in Boston, MA. The organization was established in 1990. 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. Clifford Family Foundation 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 12/2022, Clifford Family Foundation Charitable Trust generated $731.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Clifford Family Foundation Charitable Trust has awarded 160 individual grants totaling $8,019,809. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Carbonneau Trustee | 1 | $0 | |
J Christopher Clifford Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,601,966 |
| Interest on Savings | $105,537 |
| Dividends & Interest | $114,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,139,639 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,293 |
| Total Revenue | $731,570 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186,960 |
| Total operating and administrative expenses | $235,560 |
| Contributions, gifts, grants paid | $2,024,819 |
| Total expenses and disbursements | $2,260,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,073,619 |
| 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 | $19,676,278 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$420,647 |
| Total assets | $27,466,166 |
| 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, Clifford Family Foundation Charitable Trust has awarded $2,024,819 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
826 BOSTON PURPOSE: UNRESTRICTED | $50,000 |
ACTIVATE GLOBAL PURPOSE: UNRESTRICTED | $100,000 |
BELMONT HILL SCHOOL PURPOSE: UNRESTRICTED | $10,000 |
CLEVELAND CLINIC IR FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
CARBON 180 PURPOSE: UNRESTRICTED | $100,000 |
CREO FAMILY OFFICE SYNDICATE PURPOSE: UNRESTRICTED | $11,000 |