Preston And Catharine White Foundation
- Assets
- $7.6m
- Revenue
- $3.2m
- Investments
- $7.3m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-2862771
Organization Overview
Preston And Catharine White Foundation is located in Virginia Beach, VA. 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. Preston And Catharine White 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, Preston And Catharine White Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $308.9k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Preston And Catharine White Foundation has awarded 185 individual grants totaling $1,495,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston M White President | 0 | $0 | |
Catherine M White Treasurer And Secretary | 0 | $0 | |
Mason P Carrington Director | 0 | $0 | |
Catharine Glover Cartwright Director | 0 | $0 | |
Jenifer Rush Heilig Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,018,186 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,472 |
| Capital Gain Net Income | $25,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,168,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,941 |
| Total operating and administrative expenses | $30,866 |
| Contributions, gifts, grants paid | $278,000 |
| Total expenses and disbursements | $308,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $207,327 |
| 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 | $7,279,931 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $127,852 |
| Total assets | $7,615,113 |
| 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, Preston And Catharine White Foundation has awarded $278,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COLLEGE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
AMERICAN COUNCIL OF TRUSTEES AND ALUMNI PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
BARRIER ISLAND PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
E3 ELEVATE EARLY EDUCATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |