David And June Trone Family Foundation
- Assets
- $11.5m
- Revenue
- $404.8k
- Investments
- $11.1m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 11/2011
- Data as of
- 06/2022
- EIN
- 45-3564622
Organization Overview
David And June Trone Family Foundation is located in Bethesda, MD. The organization was established in 2011. 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. David And June Trone Family 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 06/2022, David And June Trone Family Foundation generated $404.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (47.4%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David And June Trone Family Foundation has awarded 83 individual grants totaling $19,347,854. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Trone Trustee | 0 | $0 | |
June Trone Trustee | 0 | $0 | |
Michelle Trone Trustee | 0 | $0 | |
Julia Trone Trustee | 0 | $0 | |
Natalie Trone Trustee | 0 | $0 | |
Robert J Trone Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $162 |
| Dividends & Interest | $295,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,480 |
| Capital Gain Net Income | $109,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,577 |
| Total operating and administrative expenses | $65,522 |
| Contributions, gifts, grants paid | $4,778,750 |
| Total expenses and disbursements | $4,844,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,907 |
| 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 | $11,541,800 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,150,000 |
| 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 | $5,150,000 |
Grants Awarded
Over the last fiscal year, David And June Trone Family Foundation has awarded $9,928,750 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION OF NEW YORK PURPOSE: GENERAL CONTRIBUTION | $2,000,000 |
AMERICAN CIVIL LIBERTIES UNION OF PENNSYLVANIA PURPOSE: GENERAL CONTRIBUTION | $25,000 |
AMERICAN UNIVERSITY PURPOSE: CENTER FOR ISRAEL STUDIES | $125,000 |
AMERICAN UNIVERSITY PURPOSE: TRONE FAMILY EMINENT SCHOLAR CHAIR IN NEUROSCIENCE AND BEHAVIOUR | $1,000,000 |
AMERICAN UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
AMERICAN ISRAEL EDUCATION PURPOSE: GENERAL CONTRIBUTION | $75,000 |