Chubb Foundation
- Assets
- $24.7m
- Revenue
- $509.5k
- Investments
- $24.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 05/1956
- Data as of
- 12/2022
- EIN
- 22-6058567
Organization Overview
Chubb Foundation is located in Philadelphia, PA. The organization was established in 1956. 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. Chubb 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, Chubb Foundation generated $509.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chubb Foundation has awarded 873 individual grants totaling $6,666,338. 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
N/A SEE ATTACHED SCHEDULE OF STUDENT AWARDS AND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammie Vosburg President/trustee | 1 | $0 | |
Kevin F Murphy Vice President/trustee | 1 | $0 | |
Rebecca Crunk Chairperson/trustee | 1 | $0 | |
Pamela Lopata Trustee | 1 | $0 | |
Lori Dunstan Trustee | 1 | $0 | |
Gary Woodring Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $506,176 |
| Capital Gain Net Income | $506,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $509,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116,629 |
| Total operating and administrative expenses | $168,129 |
| Contributions, gifts, grants paid | $1,951,785 |
| Total expenses and disbursements | $2,119,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,063 |
| 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 | $24,609,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,688,114 |
| 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, Chubb Foundation has awarded $1,951,785 in support to 186 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA CULHANE PURPOSE: SCHOLARSHIP AWARD | $15,000 |
ANNA CULHANE PURPOSE: SCHOLARSHIP AWARD | $10,000 |
MATTHEW HILDAHL PURPOSE: SCHOLARSHIP AWARD | $11,000 |
LAUREN BROWN PURPOSE: SCHOLARSHIP AWARD | $12,500 |
EMILY NISHIKIMOTO PURPOSE: SCHOLARSHIP AWARD | $9,500 |
AARON SCHMIDT PURPOSE: SCHOLARSHIP AWARD | $9,000 |