Fairbanks Family Charitable Foundation
- Assets
- $5.2m
- Revenue
- $282.7k
- Investments
- $5.1m
- Employees
- 0
- Location
- Williamstown, MA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-1848892
Organization Overview
Fairbanks Family Charitable Foundation is located in Williamstown, MA. The organization was established in 2009. 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. Fairbanks 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 12/2023, Fairbanks Family Charitable Foundation generated $282.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $755.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fairbanks Family Charitable Foundation has awarded 227 individual grants totaling $5,840,590. 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 |
|---|---|---|---|
Susan Briggs Trustee | 1 | $0 | |
James Briggs Trustee | 10 | $38,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,920 |
| Dividends & Interest | $85,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,335 |
| Capital Gain Net Income | $150,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$8,382 |
| Total Revenue | $282,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,423 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $965 |
| Other expenses | $1,438 |
| Total operating and administrative expenses | $112,948 |
| Contributions, gifts, grants paid | $642,300 |
| Total expenses and disbursements | $755,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,347 |
| Savings and temporary cash investments | $117,581 |
| 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 | $107,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,220,459 |
| 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, Fairbanks Family Charitable Foundation has awarded $642,300 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BARRINGTON STAGE COMPANY PURPOSE: OPERATIONS & CAPITAL | $5,000 |
CANTERBURY SCHOOL PURPOSE: OPERATING ASSISTANCE | $3,000 |
CATAMOUNT TRAIL ASSOCIATION PURPOSE: OPERATING ASSISTANCE | $1,000 |
DARTMOUTH COLLEGE PURPOSE: OPERATING ASSISTANCE | $10,000 |
MILNE PUBLIC LIBRARY PURPOSE: OPERATING ASSISTANCE | $2,000 |
ENVIRONMENTAL CLEARING HOUSE PURPOSE: OPERATING ASSISTANCE | $3,000 |