Frederick Henry Prince Testamentary Trust
- Assets
- $125.7m
- Revenue
- $17.9m
- Investments
- $124.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1900
- Data as of
- 12/2021
- EIN
- 36-6009208
Organization Overview
Frederick Henry Prince Testamentary Trust is located in Chicago, IL. The organization was established in 1900. 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.
For the year ending 12/2021, Frederick Henry Prince Testamentary Trust generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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 2015, Frederick Henry Prince Testamentary Trust has awarded 1,561 individual grants totaling $28,683,068. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2.5 | $35,000 | |
Carolynn Brunette Managing Director | 35 | $175,449 | |
Benna Wilde Director Of Arts | 15 | $161,980 | |
Mignon Stewart Program Officer | 35 | $108,550 | |
Sharon Robinson Grants Manager | 35 | $105,940 | |
Terese Fron Grants Manager | 35 | $79,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julia Baer | 12/30/18 | $69,360 |
Leonard Berman | 12/30/18 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,749,910 |
| Capital Gain Net Income | $13,749,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,134,886 |
| Total Revenue | $17,884,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $590,278 |
| Pension plans, employee benefits | $184,129 |
| Interest | $0 |
| Taxes | $302,789 |
| Depreciation | $7,417 |
| Occupancy | $91,086 |
| Travel, conferences, and meetings | $1,563 |
| Printing and publications | $0 |
| Other expenses | $112,675 |
| Total operating and administrative expenses | $1,602,462 |
| Contributions, gifts, grants paid | $4,413,470 |
| Total expenses and disbursements | $6,015,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,940 |
| Savings and temporary cash investments | $52,148 |
| 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 | $9,681 |
| Net Investments - land, buildings, equipment | $12,738 |
| Investments—mortgage loans | $0 |
| Investments—other | $124,262,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,072 |
| Total assets | $125,717,434 |
| 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, Frederick Henry Prince Testamentary Trust has awarded $4,413,470 in support to 223 organizations.
| Grant Recipient | Amount |
|---|---|
PIEDMONT ENVIRONMENTAL COUNCIL PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
PIEDMONT ENVIRONMENTAL COUNCIL (COALITION FOR SMARTER GROWTH) PURPOSE: FOR THE REGIONAL LAND USE, TRANSPORTATION AND AFFORDABLE HOUSING CAMPAIGNS | $120,000 |
Chicago, IL PURPOSE: FUNDS TO BE EXPENDED IN 2022 | $105,000 |
Newport, RI PURPOSE: MEMORIAL SCHOOLHOUSE RESTORATION PAYMENT FOR YEARS 1 & 2 OF 5 YEARS | $100,000 |
DREAMING OUT LOUD FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT $35,000 AND $50,000 PAVILLION PROJECT AT KELLY MILLER FARM | $85,000 |
Chicago, IL PURPOSE: THE PRINCE PRIZE FOR COMMISSIONING ORIGINAL WORK | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |