Donald R And Carol P Lovett Charitable Trust
- Assets
- $0.0
- Revenue
- $4.0k
- Investments
- $183.0k
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 01/1993
- Data as of
- 07/2019
- EIN
- 36-3846863
Organization Overview
Donald R And Carol P Lovett Charitable Trust is located in Hendersonville, NC. The organization was established in 1993. 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. Donald R And Carol P Lovett 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 07/2019, Donald R And Carol P Lovett Charitable Trust generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $79.8k during the year ending 07/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan E Tripp Trustee | 0 | $0 | |
Donald R Lovett Trustee | 0.5 | $0 | |
Carol P Lovett Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $152 |
| Dividends & Interest | $12,090 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,194 |
| Contributions, gifts, grants paid | $78,575 |
| Total expenses and disbursements | $79,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donald R And Carol P Lovett Charitable Trust has awarded $71,906 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Kanab, UT PURPOSE: GENERAL PURPOSE | $20,000 |
Hendersonville, NC PURPOSE: GENERAL PURPOSE | $20,000 |
BOYS TOWN PURPOSE: GENERAL PURPOSE | $10,500 |
Hendersonville, NC PURPOSE: GENERAL PURPOSE | $10,000 |
Kingston, TN PURPOSE: GENERAL PURPOSE | $5,000 |
UNITED WAY OF HENDERSON COUNTY PURPOSE: GENERAL PURPOSE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |