Norton-White-Gale Trust
- Assets
- $791.8k
- Revenue
- $22.6k
- Investments
- $743.8k
- Employees
- 0
- Location
- Willoughby, OH
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 34-6521422
Organization Overview
Norton-White-Gale Trust is located in Willoughby, OH. The organization was established in 1964. 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. Norton-White-Gale 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 12/2022, Norton-White-Gale Trust generated $22.6k 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 (12.7%) each year. All expenses for the organization totaled $68.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Norton-White-Gale Trust has awarded 26 individual grants totaling $238,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert I Gale III Trustee | 0 | $0 | |
Robert T Gale Trustee | 0 | $0 | |
Katherine B Hollingsworth Trustee | 0 | $0 | |
Carolyn W Barr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30 |
| Capital Gain Net Income | $30 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $10,113 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $68,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,029 |
| Savings and temporary cash investments | $0 |
| 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 | $191,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $791,835 |
| 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, Norton-White-Gale Trust has awarded $58,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LEGAL AID SOCIETY OF CLEVELAND PURPOSE: GENERAL | $9,000 |
ESOP-SR FINL EMPOWERMENT INITIATIVE PURPOSE: GENERAL | $10,000 |
BIG HEARTED BLOOMS PURPOSE: GENERAL | $10,000 |
WINOUS POINT MARSH CONSERVANCY PURPOSE: GENERAL | $20,000 |
WAITE HILL VILLAGE PURPOSE: GENERAL | $9,000 |