The Hallet Charitable Trust
- Assets
- $6.9m
- Revenue
- $630.3k
- Investments
- $6.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1978
- Data as of
- 11/2021
- EIN
- 41-6211994
Organization Overview
The Hallet Charitable Trust is located in Milwaukee, WI. The organization was established in 1978. 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. Hallet 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 11/2021, Hallet Charitable Trust generated $630.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $509.8k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hallet Charitable Trust has awarded 44 individual grants totaling $1,289,007. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank Na Co-Trustee | 1 | $59,080 | |
Desiree Parker Co-Trustee | 4 | $12,500 | |
Margaret Poley Co-Trustee | 4 | $12,500 | |
Kirk A Springsted Co-Trustee | 4 | $12,500 | |
Paul Justin Schliesman Co-Trustee | 4 | $9,375 | |
Paul D Schliesman Cotrustee | 4 | $892 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $432,807 |
| Capital Gain Net Income | $432,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $630,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,847 |
| Other employee salaries and wages | $11,455 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,880 |
| Printing and publications | $0 |
| Other expenses | $4,685 |
| Total operating and administrative expenses | $147,665 |
| Contributions, gifts, grants paid | $362,122 |
| Total expenses and disbursements | $509,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $373,979 |
| 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 | $3,591,589 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,910,449 |
| 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, The Hallet Charitable Trust has awarded $362,122 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Berea, KY PURPOSE: GENERAL OPERATING | $54,206 |
BETHEL UNIVERSITY PURPOSE: GENERAL OPERATING | $54,206 |
Chicago, IL PURPOSE: GENERAL OPERATING | $54,206 |
Jamestown, ND PURPOSE: GENERAL OPERATING | $36,138 |
CONCORDIA COLLEGE PURPOSE: GENERAL OPERATING | $36,138 |
Chicago, IL PURPOSE: GENERAL OPERATING | $28,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |