Peirce Family Foundation Inc
- Assets
- $20.4m
- Revenue
- $2.5m
- Investments
- $18.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 23-2903074
Organization Overview
Peirce Family Foundation Inc is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Peirce Family Foundation Inc 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 12/2023, Peirce Family Foundation Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peirce Family Foundation Inc has awarded 183 individual grants totaling $7,748,628. 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 |
|---|---|---|---|
Robert N Peirce Jr President | 5 | $0 | |
Joan Peirce Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,832,571 |
| Interest on Savings | $41,051 |
| Dividends & Interest | $420,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,551 |
| Capital Gain Net Income | $125,551 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $112,756 |
| Total Revenue | $2,531,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253,950 |
| Total operating and administrative expenses | $262,970 |
| Contributions, gifts, grants paid | $2,178,294 |
| Total expenses and disbursements | $2,441,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,213,227 |
| Savings and temporary cash investments | $37,794 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $216,325 |
| 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 | $22,070 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $813,065 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,362,778 |
| 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, Peirce Family Foundation Inc has awarded $2,178,294 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ALEPPO TOWNSHIP VFC INC PURPOSE: CHARITABLE CONTRIBUTION | $100 |
BOROUGH OF SEWICKLEY HEIGHTS PURPOSE: CHARITABLE CONTRIBUTION | $300 |
BROTHERS BROTHER PURPOSE: CHARITABLE CONTRIBUTION | $75,000 |
CARNEGIE SCIENCE CENTER PURPOSE: CHARITABLE CONTRIBUTION | $3,500 |
DUQUESNE UNIVERSITY SCHOOL OF LAW PURPOSE: CHARITABLE CONTRIBUTION | $558,348 |
ENVIRONMENTAL LEARNING CENTER PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |