Franklin Street Giving Tree Foundation
- Assets
- $26.6m
- Revenue
- $1.6m
- Investments
- $26.4m
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 25-6667093
Organization Overview
Franklin Street Giving Tree Foundation is located in Doylestown, PA. The organization was established in 2000. 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. Franklin Street Giving Tree Foundation 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 12/2022, Franklin Street Giving Tree Foundation generated $1.6m 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 (9.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franklin Street Giving Tree Foundation has awarded 73 individual grants totaling $10,289,193. 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
THE FOUNDATION SUPPORTS CHURCHES AND OTHER NOT-FOR-PROFIT ENTITIES INVOLVED IN OUTREACH TO THE LOCAL COMMUNITY, FIGHTING HUNGER, SUPPORTING FAMILIES AND THE THE FUTHERANCE OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Clark Trustee | 1 | $0 | |
Angela Clark Trustee | 1 | $0 | |
Kelly Lynn Patterson Trustee | 1 | $0 | |
Lisa Marie Wurster Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asset Planning Services Ldt | 12/30/18 | $63,361 |
Foundation Source | 12/30/18 | $59,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $661,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $968,350 |
| Capital Gain Net Income | $287,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,629,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $108,026 |
| Contributions, gifts, grants paid | $3,304,334 |
| Total expenses and disbursements | $3,412,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $174,650 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,580,544 |
| 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, Franklin Street Giving Tree Foundation has awarded $3,304,334 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC LEADERSHIP INSTITUTE PURPOSE: PROVIDE TRAINING TO CHURCH LEADERS | $500,000 |
DOYLESTOWN HEALTH FOUNDATION PURPOSE: PROVIDE COMMUNITY HEALTHCARE | $646,000 |
MERCER MUSEUM & FONTHILL CASTLE PURPOSE: INFRASTRUCTURE ENHANCEMENTS & UPGRAD | $60,000 |
PEARL S BUCK INTERNATIONAL PURPOSE: PROVIDE EDUCATIONAL/CULTURAL PROGRAM | $10,000 |
PROJECT HOPE PURPOSE: CARE FOR PEOPLE IN HEALTH CRISES | $140,000 |
PENN STATE UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $113,334 |