Alice E Turner Memorial Trust

Organization Overview

Alice E Turner Memorial Trust is located in Saginaw, MI. The organization was established in 1994. 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. Alice E Turner Memorial 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 12/2021, Alice E Turner Memorial Trust generated $100.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $86.5k during the year ending 12/2021. While expenses have increased by 2.0% 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, Alice E Turner Memorial Trust has awarded 120 individual grants totaling $316,486. 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

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DOES NOT CONDUCT DIRECT CHARITABLE ACTIVITIES OR INCUR EXPENSES RELATIVE TO CHARITABLE ACTIVITIES, EXCEPT IN THE PERFORMANCE OF THE NECESSARY EVALUATION OF GRANTS TO THE ORGINIZATION AS SET FORTH IN PART XV.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $242
Dividends & Interest $21,655
Net Rental Income$0
Net Gain on Sale of Assets $78,355
Capital Gain Net Income $78,355
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $100,252

Grants Awarded

Over the last fiscal year, Alice E Turner Memorial Trust has awarded $55,076 in support to 17 organizations.

Grant RecipientAmount

EMMAUS HOUSE

PURPOSE: DISTRIBUTION CENTER

$17,000

SAGINAW COUNTY VETERANS MEMORIAL

PURPOSE: GENERAL FUND

$10,000

READ ASSOCIATION

PURPOSE: PROMOTE CHILDHOOD READING

$9,576

BIG BROTHERS BIG SISTER

PURPOSE: SAGINAW OUTREACH PROGRAM

$2,500

HABITAT FOR HUMANITY

PURPOSE: FINANCIAL SUPPORT FOR PROGRAM

$2,500

YMCA

PURPOSE: FINANCIAL SUPPORT FOR PROGRAM

$2,500
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