Castelli Charitable Trust
- Assets
- $1.4m
- Revenue
- $91.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 25-6242226
Organization Overview
Castelli Charitable Trust is located in Pittsburgh, PA. The organization was established in 2016. 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. Castelli 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 06/2022, Castelli Charitable Trust generated $91.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $79.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Castelli Charitable Trust has awarded 296 individual grants totaling $348,550. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS FOR 72 INDIVIDUALS TO ATTEND VARIOUS COLLEGES AND UNIVERSITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank Na Trustee | 3 | $18,161 | |
Gregory T Nichols ESQ Executive Director | 2 | $11,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,669 |
| Capital Gain Net Income | $54,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,584 |
| Total Revenue | $91,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,161 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,362 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,325 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $31,906 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $79,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592 |
| Savings and temporary cash investments | $64,441 |
| 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 | $1,290,303 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,355,336 |
| 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, Castelli Charitable Trust has awarded $48,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN HELLER PURPOSE: SCHOLARSHIP | $2,500 |
MORGAN MADISON PURPOSE: SCHOLARSHIP | $2,500 |
NOVALIE VESELY PURPOSE: SCHOLARSHIP | $2,500 |
MIA HARRISON PURPOSE: SCHOLARSHIP | $2,500 |
CHRISTIAN ZILLI PURPOSE: SCHOLARSHIP | $2,500 |
MADDISON EBNER PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |