Kinglsey Gillespie Charitable Trust
- Assets
- $109.3m
- Revenue
- $7.6m
- Investments
- $104.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2016
- Data as of
- 02/2024
- EIN
- 30-6513520
Organization Overview
Kinglsey Gillespie Charitable Trust is located in Dallas, TX. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kinglsey Gillespie Charitable Trust 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 02/2024, Kinglsey Gillespie Charitable Trust generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $6.1m during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kinglsey Gillespie Charitable Trust has awarded 30 individual grants totaling $26,943,561. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,874,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,564,652 |
| Capital Gain Net Income | $4,564,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65 |
| Total Revenue | $7,589,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $356,287 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $140,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17 |
| Total operating and administrative expenses | $667,156 |
| Contributions, gifts, grants paid | $5,388,898 |
| Total expenses and disbursements | $6,056,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,414,679 |
| 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 | $5,555,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $109,295,316 |
| 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, Kinglsey Gillespie Charitable Trust has awarded $5,388,898 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: UNRESTRICTED GENERAL | $538,890 |
FIRST PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $538,890 |
STAMFORD ROTARY TRUST FUND PURPOSE: UNRESTRICTED GENERAL | $538,890 |
THE STAMFORD HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $2,694,448 |
LONG ISLAND MUSEUM OF AMERICA PURPOSE: UNRESTRICTED GENERAL | $538,890 |
SETAUKET PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $538,890 |