Trustage Foundation Inc
- Assets
- $14.4m
- Revenue
- $346.0k
- Investments
- $12.0m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1967
- Data as of
- 12/2023
- EIN
- 39-6105418
Organization Overview
Trustage Foundation Inc is located in Madison, WI. The organization was established in 1967. 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. Trustage Foundation Inc 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 12/2023, Trustage Foundation Inc generated $346.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Trustage Foundation Inc has awarded 542 individual grants totaling $22,512,975. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $73,832 |
| Dividends & Interest | $511,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$254,332 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,000 |
| Total Revenue | $345,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $8,210 |
| Contributions, gifts, grants paid | $5,020,944 |
| Total expenses and disbursements | $5,029,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,463 |
| Savings and temporary cash investments | $605,421 |
| Net Accounts receivable | $1,753,000 |
| 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 | $936,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,419,175 |
| 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, Trustage Foundation Inc has awarded $5,020,946 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
DRESS FOR SUCCESS DALLAS PURPOSE: CHARITABLE | $250 |
COMMUNITY LUTHERAN SCHOOL PURPOSE: CHARITABLE | $250 |
COMMUNITY LUTHERAN SCHOOL PURPOSE: CHARITABLE | $250 |
ANANA ELEMENTARY SCHOOL PURPOSE: CHARITABLE | $7,500 |
BADGER ROCK MIDDLE SCHOOL PURPOSE: CHARITABLE | $7,500 |
CHAMPIONS4KIDS INC PURPOSE: CHARITABLE | $50,000 |