Larking Hill Foundation Trust
- Assets
- $2.4m
- Revenue
- $357.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Rosemont, PA
- Founding
- 02/1999
- Data as of
- 05/2024
- EIN
- 23-7978393
Organization Overview
Larking Hill Foundation Trust is located in Rosemont, PA. The organization was established in 1999. 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. Larking Hill Foundation 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 05/2024, Larking Hill Foundation Trust generated $357.7k 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 $222.2k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Larking Hill Foundation Trust has awarded 103 individual grants totaling $1,125,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Bennett Trustee | 2 | $0 | |
Carolyn E Bennett Trustee | 1 | $0 | |
Geoffrey T Bennett Trustee | 1 | $0 | |
Christopher F Bennett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $220,410 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,859 |
| Capital Gain Net Income | $20,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $578 |
| Taxes | $5,125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,167 |
| Total operating and administrative expenses | $25,190 |
| Contributions, gifts, grants paid | $197,000 |
| Total expenses and disbursements | $222,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $200,305 |
| 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 | $125,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,421,858 |
| 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, Larking Hill Foundation Trust has awarded $197,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE REDEEMER PURPOSE: GENERAL FUND | $20,000 |
ELDERNET PURPOSE: GENERAL FUND | $5,000 |
ASHLEY HALL LOYALTY FUND PURPOSE: GENERAL FUND | $3,000 |
CHESTER COUNTY FOOD BANK PURPOSE: GENERAL FUND | $3,000 |
EPISCOPAL ACADEMY PURPOSE: GENERAL FUND | $1,000 |
EPISCOPAL COMMUNITY SERVICES PURPOSE: GENERAL FUND | $3,000 |