Millstone Foundation
- Assets
- $5.0m
- Revenue
- $605.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 08/1957
- Data as of
- 05/2021
- EIN
- 43-6027373
Organization Overview
Millstone Foundation is located in St Louis, MO. The organization was established in 1957. 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. Millstone Foundation 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 05/2021, Millstone Foundation generated $605.1k 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 (6.8%) each year. All expenses for the organization totaled $752.7k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Millstone Foundation has awarded 370 individual grants totaling $8,700,392. 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 |
|---|---|---|---|
Colleen Millstone Director | 20 | $72,000 | |
Robert D Millstone President & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,151 |
| Dividends & Interest | $67,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $512,049 |
| Capital Gain Net Income | $512,049 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $605,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,798 |
| Depreciation | $0 |
| Occupancy | $22,762 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,975 |
| Total operating and administrative expenses | $155,249 |
| Contributions, gifts, grants paid | $597,440 |
| Total expenses and disbursements | $752,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,346 |
| Savings and temporary cash investments | $355,393 |
| 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 | $332,671 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,428,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,374 |
| Total assets | $4,994,830 |
| Accounts payable and accrued expenses | $866 |
| 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 | $866 |
Grants Awarded
Over the last fiscal year, Millstone Foundation has awarded $683,080 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VERMONT FOUNDATION PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $118,000 |
CENTER FOR CREATIVE ARTS (COCA) PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $65,000 |
St Louis, MO PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $61,800 |
St Louis, MO PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $51,000 |
WASHINGTON UNIVERSITY IN ST LOUIS PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $50,180 |
PLANNED PARENTHOOD OF SLR PURPOSE: TO FURTHER RECIPIENT'S CHARITABLE PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |