Robert F Wolfe & Edgar T Wolfe Foundation
- Assets
- $266.8m
- Revenue
- $13.7m
- Investments
- $18.6m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 31-1253442
Organization Overview
Robert F Wolfe & Edgar T Wolfe Foundation is located in Columbus, OH. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Robert F Wolfe & Edgar T Wolfe 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, Robert F Wolfe & Edgar T Wolfe Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $14.6m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 6 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 2016, Robert F Wolfe & Edgar T Wolfe Foundation has awarded 66 individual grants totaling $66,283,800. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH
EDUCATION
SOCIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann I Wolfe Trustee/chair | OfficerTrustee | 1 | $0 |
Bruce A Soll Trustee/treasurer | OfficerTrustee | 1 | $0 |
Sara Wolfe Perrini Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Pamela T Farber Trustee | Trustee | 1 | $0 |
Jeff Kaplan Trustee | Trustee | 1 | $0 |
Katherine I Wolfe Lloyd Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $8,128,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$88,210 |
| Net Gain/Loss on Asset Sales | $5,395,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,662,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $193,785 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,037,798 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,641,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,154,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $405,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $244,714,796 |
| Investments—other securities | $18,570,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,845,111 |
| Accounts payable and accrued expenses | $359,239 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $359,239 |
| Net assets without donor restrictions | $266,485,872 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $266,485,872 |
Grants Awarded
Over the last fiscal year, Robert F Wolfe & Edgar T Wolfe Foundation has awarded $30,432,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKEYE LAKE 4TH OF JULY ASSOCIATION PURPOSE: URBAN AFFAIRS | $10,000 |
CENTER FOR CHILD & FAMILY ADVOCACY AT PURPOSE: SOCIAL SERVICES | $10,000 |
COLUMBUS FOUNDATION PURPOSE: ADVANCING PHILANTHROPY | $38,000 |
DIRECTIONS FOR YOUTH & FAMILIES PURPOSE: SOCIAL SERVICES | $2,000,000 |
FRANKLIN COUNTY HISTORICAL SOCIETY DBA PURPOSE: EDUCATION | $92,000 |
NATIONWIDE CHILDREN'S HOSPITAL PURPOSE: HEALTH | $25,000,000 |