Preston And Catharine White Foundation
- Assets
- $4.7m
- Revenue
- $116.2k
- Investments
- $4.5m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 09/2008
- Data as of
- 12/2021
- 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 12/2021, Preston And Catharine White Foundation generated $116.2k 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 (10.9%) each year. All expenses for the organization totaled $267.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Preston And Catharine White Foundation has awarded 156 individual grants totaling $1,217,000. 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 | |
Mason P Carrington Director | 0 | $0 | |
Catherine M White Treasurer And Secretary | 0 | $0 | |
Jenifer Rush Heilig Director | 0 | $0 | |
Catharine Glover Cartwright Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,154 |
| Capital Gain Net Income | $2,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,162 |
| 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 | $16,853 |
| Total operating and administrative expenses | $19,853 |
| Contributions, gifts, grants paid | $247,500 |
| Total expenses and disbursements | $267,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $55,643 |
| 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 | $4,539,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $147,914 |
| Total assets | $4,743,072 |
| 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 $247,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
VT REACH FOR EXCELLENCE PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Norfolk, VA PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
Richmond, VA PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Norfolk, VA PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
UNITED WAY OF SOUTH HAMPTON ROADS - TOCQUEVILLE SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |