Edward Hegeler Trust Fund
- Assets
- $321.6k
- Revenue
- $33.7k
- Investments
- $195.8k
- Employees
- 0
- Location
- Peru, IL
- Founding
- 04/1944
- Data as of
- 12/2021
- EIN
- 36-6079159
Organization Overview
Edward Hegeler Trust Fund is located in Peru, IL. The organization was established in 1944. 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. Edward Hegeler Trust Fund 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, Edward Hegeler Trust Fund generated $33.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $13.2k during the year ending 12/2021. While expenses have increased by 12.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
A STATED PURPOSE OF THE EDWARD C. HEGELER TRUST FUND IS TO PERPETUATE THE EXISTENCE OF A PHILOSOPHICAL AND EDUCATIONAL PUBLICATION CALLED THE MONIST.
IN FOSTERING ITS STATED PURPOSE, THE EDWARD C. HEGELER TRUST FUND SUPPORTS COLLOQUIUMS, SYMPOSIUMS AND PROGRAMS DEDICATED TO THE FREE EXPRESSION OF RELIGIOUS, SCIENTIFIC AND PHILOSOPHICAL OPINIONS.
THE EDWARD C. HEGELER TRUST FUND SUPPORTS A NEWSLETTER CALLED PAIDEIA. THIS IS A PERIODIC NEWSLETTER FOR TRUSTEES AND CHIEF EXECUTIVES OF COLLEGES AND UNIVERSITIES WHICH PRESENTS ARTICLES AND ESSAYS ON EDUCATION OF PARTICULAR INTEREST TO THESE LEADERS. THERE WERE NO EXPENDITURES RELATED TO THE NEWSLETTER IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Blouke Carus Chairman | 0.05 | $0 | |
Andre W Carus Trustee | 0.05 | $0 | |
Gerald Curran Trustee | 0.05 | $0 | |
Barry Smith Trustee | 0.05 | $0 | |
David R Steele Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,562 |
| Total Revenue | $33,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,465 |
| Total operating and administrative expenses | $11,743 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $13,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,767 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $321,575 |
| 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, Edward Hegeler Trust Fund has awarded $42,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MANCHESTER PURPOSE: EDUCATIONAL FUNDING FOR EDITORIAL SERVICES | $30,000 |
Peru, IL PURPOSE: CHARITABLE SUPPORT | $5,000 |
ILLINOIS VALLEY YOUTH SYMPHONY INC PURPOSE: CHARITABLE SUPPORT | $5,000 |
LAMOILLE CUSD #303 PURPOSE: STEAAM CONFERENCE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |