L Franklin And Gertrude H Purnell Foundation Inc

Organization Overview

L Franklin And Gertrude H Purnell Foundation Inc is located in Berlin, MD. The organization was established in 1972. 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. L Franklin And Gertrude H Purnell 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 08/2022, L Franklin And Gertrude H Purnell Foundation Inc generated $48.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $44.1k during the year ending 08/2022. While expenses have increased by 0.4% 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 2015, L Franklin And Gertrude H Purnell Foundation Inc has awarded 65 individual grants totaling $232,200. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS A PHILANTHROPIC ORGANIZATION EARNING INTEREST, DIVIDENDS AND SELLING INVESTMENTS. SUMS ARE DONATED ANNUALLY TO VARIOUS CHARITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Parker
Secretary/tr
$2,100
Raymond Coates Jr
President
$900
Wayne Benson
Director
$900

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $13,132
Net Rental Income$0
Net Gain on Sale of Assets $35,508
Capital Gain Net Income $18,671
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $48,640

Grants Awarded

Over the last fiscal year, L Franklin And Gertrude H Purnell Foundation Inc has awarded $31,000 in support to 7 organizations.

Grant RecipientAmount

WOR WIC FOUNDATION

PURPOSE: EDUCATIONAL PROGRAMS

$14,000

Ocean City, MD

PURPOSE: EMERGENCY HOMELESS CENTER

$12,000

COASTAL HOSPICE

PURPOSE: HOME AND MEDICAL CARE SERVICES

$1,000

WORCESTER COUNTY DEVELOPM

Org PageRecipient Profile

Newark, MD

PURPOSE: ASSIST DEVELOPMENTALLY DISABLED

$1,000

SHIRLEY GRACE PREGNANCY CENTER

PURPOSE: AIDE WITH UNINTENDED PREGNANCY

$1,000

WORCESTER COUNTY GOLD

Org PageRecipient Profile

Snow Hill, MD

PURPOSE: AID NEEDY FAMILIES

$1,000
View Grant Profile

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