W P & H B White Foundation
- Assets
- $35.2m
- Revenue
- $10.1m
- Investments
- $30.9m
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 04/1955
- Data as of
- 12/2021
- EIN
- 36-2601558
Organization Overview
W P & H B White Foundation is located in Northfield, IL. The organization was established in 1955. 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. W P & H B 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, W P & H B White Foundation generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.0% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 4 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, W P & H B White Foundation has awarded 244 individual grants totaling $4,359,150. 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 |
|---|---|---|---|
Steven R White President/ex | 40 | $156,128 | |
Philip O'c White Vp/treasurer | 25 | $110,000 | |
William P White III Director | 5 | $10,000 | |
John J Mccortney Secretary | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $168,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,900,331 |
| Capital Gain Net Income | $9,900,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,068,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $286,128 |
| Other employee salaries and wages | $23,040 |
| Pension plans, employee benefits | $21,193 |
| Interest | $0 |
| Taxes | $146,504 |
| Depreciation | $601 |
| Occupancy | $20,974 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,469 |
| Total operating and administrative expenses | $570,109 |
| Contributions, gifts, grants paid | $2,250,500 |
| Total expenses and disbursements | $2,820,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,310,084 |
| 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 | $10,740 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,103 |
| Other assets | $0 |
| Total assets | $35,226,041 |
| Accounts payable and accrued expenses | $1,100 |
| 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 | $19,420 |
| Total liabilities | $20,520 |
Grants Awarded
Over the last fiscal year, W P & H B White Foundation has awarded $2,250,500 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL SUPPORT | $40,000 |
Chicago, IL PURPOSE: COLLEGE ACCESS PROGRAM | $35,000 |
MERCY HOME FOR BOYS AND GIRLS PURPOSE: EDUCATION AND CAREER RESOUCES | $35,000 |
LOYOLA UNIVERSITY CHICAGOARRUPE CO PURPOSE: GENERAL SUPPORT | $32,500 |
BUILD PURPOSE: GENERAL SUPPORT | $30,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |