H Smith Richardson Charitable Trust is located in Greensboro, NC. The organization was established in 1972. 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. H Smith Richardson 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 12/2023, H Smith Richardson Charitable Trust generated $6.7m 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 (3.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H Smith Richardson Charitable Trust has awarded 20 individual grants totaling $10,006,000. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
C Gerhard Anderson III Trustee | 1 | $0 | |
John P Richardson Jr Trustee | 1 | $0 | |
Tyler B Richardson Trustee | 1 | $0 | |
Nicolas L Richardson Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $910,026 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $2,033,856 |
Capital Gain Net Income | $2,032,034 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $3,759,860 |
Total Revenue | $6,703,742 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $29,038 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $2,611 |
Printing and publications | $0 |
Other expenses | $36,761 |
Total operating and administrative expenses | $689,257 |
Contributions, gifts, grants paid | $1,987,000 |
Total expenses and disbursements | $2,676,257 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,266 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $374 |
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 | $66,787,617 |
Net Land, buildings, and equipment | $0 |
Other assets | $15,417 |
Total assets | $66,823,674 |
Accounts payable and accrued expenses | $14,716 |
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 | $287,000 |
Total liabilities | $301,716 |
Over the last fiscal year, H Smith Richardson Charitable Trust has awarded $1,987,000 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
SAILING FOUNDATION OF THE YACHT CLUB OF SEA ISLE CITY INC PURPOSE: GENERAL SUPPORT | $3,000 |
WESTON VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $2,000 |
GREENS FARMS ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |
LAFAYETTE COLLEGE PURPOSE: GENERAL SUPPORT | $10,000 |
SMITH RICHARDSON FOUNDATION INC PURPOSE: FLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS. | $1,967,000 |