A Montgomery Ward Foundation 32 48652-4

Organization Overview

A Montgomery Ward Foundation 32 48652-4 is located in Dallas, TX. The organization was established in 1960. 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. A Montgomery Ward Foundation 32 48652-4 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 06/2022, A Montgomery Ward Foundation 32 48652-4 generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 5 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 2020, A Montgomery Ward Foundation 32 48652-4 has awarded 169 individual grants totaling $2,006,026. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT APPPLICABLE


THE SOLE CHARITABLE ACTIVITY OF THIS ORGANIZATION IS THE MAKING OF CONTRIBUTIONS AND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS.NO DIRECT CHARITABLE ACTIVITIES ARE CONDUCTED.


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Board, Officers & Key Employees

Name (title)Compensation
Bank Of America N A
Co-Trustee
$120,271
Jack Hutchings
Co-Trustee
$62,709
Richard Oloffson
Co-Trustee
$62,709

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,000
Interest on Savings $0
Dividends & Interest $610,400
Net Rental Income$0
Net Gain on Sale of Assets $1,739,518
Capital Gain Net Income $1,739,518
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $403
Total Revenue $2,351,321

Grants Awarded

Over the last fiscal year, A Montgomery Ward Foundation 32 48652-4 has awarded $650,351 in support to 59 organizations.

Grant RecipientAmount

ASSOCIATED COLLEGES OF ILLINOIS

Org PageRecipient Profile

Chicago, IL

PURPOSE: SCHOLARSHIPS FOR STUDENTS

$52,000

TRINITY HIGH SCHOOL

Org PageRecipient Profile

River Forest, IL

PURPOSE: NEW STEAM INNOVATION LAB

$29,200

INFANT WELFARE SOCIETY

Org PageRecipient Profile

Chicago, IL

PURPOSE: ESSENTIAL MEDICAL SUPPLIES

$24,951

COMMUNITY SUPPORT SERVICES INC

Org PageRecipient Profile

Brookfield, IL

PURPOSE: BROOKFIELD ROOF AND GUTTER

$22,000

Skokie, IL

PURPOSE: ESSENTIAL MEDICAL SUPPLIES

$20,000

INNER VOICE INC

PURPOSE: PURCHASE OF VAN FOR

$19,700
View Grant Profile

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