The Pierce Family Charitable Foundation
- Assets
- $1.0m
- Revenue
- $491.1k
- Investments
- $5.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1459612
Organization Overview
The Pierce Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2008. 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. Pierce Family Charitable 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, Pierce Family Charitable Foundation generated $491.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pierce Family Charitable Foundation has awarded 431 individual grants totaling $2,610,474. 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
SEE ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis Pierce Pres, Dir | 1 | $0 | |
Martha V Pierce Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $786 |
| Dividends & Interest | $10,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,669 |
| Capital Gain Net Income | $407,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,636 |
| Total Revenue | $491,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $84 |
| Taxes | $6,947 |
| Depreciation | $1,226 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,065 |
| Printing and publications | $1,291 |
| Other expenses | $52,187 |
| Total operating and administrative expenses | $524,106 |
| Contributions, gifts, grants paid | $907,332 |
| Total expenses and disbursements | $1,431,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,031,699 |
| 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 | $1,386 |
| Other assets | $0 |
| Total assets | $1,033,090 |
| 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, The Pierce Family Charitable Foundation has awarded $907,332 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA EMERGENCY FOOD PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ALBANY PARK THEATER PROJECT PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ALL CHICAGO MAKING HOMELESSNESS HISTORY PURPOSE: AGENCY EMERGENCY FUND | $50,000 |
ALL CHICAGO MAKING HOMELESSNESS HISTORY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ALL CHICAGO MAKING HOMELESSNESS HISTORY PURPOSE: CHARITABLE EVENT | $5,000 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO PURPOSE: GENERAL & UNRESTRICTED | $1,000 |