Thomas Lord Charitable Trust
- Assets
- $1.5m
- Revenue
- $73.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1958
- Data as of
- 12/2023
- EIN
- 25-6028793
Organization Overview
Thomas Lord Charitable Trust is located in Pittsburgh, PA. The organization was established in 1958. 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. Thomas Lord 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, Thomas Lord Charitable Trust generated $73.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $124.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas Lord Charitable Trust has awarded 47 individual grants totaling $1,930,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,847 |
| Capital Gain Net Income | $19,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,156 |
| Total Revenue | $73,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,539 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,514 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,053 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $124,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,545 |
| 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 | $1,159,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,515,328 |
| 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, Thomas Lord Charitable Trust has awarded $120,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EMMAUS MINISTRIES PURPOSE: GENERAL SUPPORT | $10,000 |
EXTRA MILE EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
ALLEGHENY COLLEGE PURPOSE: GENERAL SUPPORT | $25,000 |
GETTYSBURG FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
CATHOLIC COALITION FOR SPECIAL PURPOSE: GENERAL SUPPORT | $5,000 |
MARINE CORPS UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |