David And June Trone Family Foundation
- Assets
- $0.0
- Revenue
- $16.1m
- Investments
- $17.8m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 11/2011
- Data as of
- 06/2021
- EIN
- 45-3564622
Organization Overview
David And June Trone Family Foundation is located in Potomac, 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 06/2021, David And June Trone Family Foundation generated $16.1m in total revenue. All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 33.9% per year over the past 5 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 2020, David And June Trone Family Foundation has awarded 55 individual grants totaling $9,419,104. 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
2021
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 J Trone Trustee | 0 | $0 | |
Michelle C Trone Trustee | 0 | $0 | |
June S Trone Trustee | 0 | $0 | |
Julia E Trone Trustee | 0 | $0 | |
Natalie R Trone Trustee | 0 | $0 | |
Robert Trone Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,000 |
| Interest on Savings | $557 |
| Dividends & Interest | $95,382 |
| Profit on Inventory Sales | $0 |
| Other Income | -$33,412 |
| Total Revenue | $16,116,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $14,885 |
| Contributions, gifts, grants paid | $4,634,604 |
| Total expenses and disbursements | $4,649,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,181 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, David And June Trone Family Foundation has awarded $4,634,604 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CENTENNIAL CAMPAIGN | $2,000,000 |
THE WHARTON SCHOOL PURPOSE: ENDOWED AND TERM FUNDS - PUBLIC POLICY INITIATIVE | $1,000,000 |
JOHNS HOPKINS UNIVERSITY DEVELOPMEN PURPOSE: GENERAL CONTRIBUTION | $500,000 |
SUBURBAN HOSPITAL PURPOSE: GENERAL CONTRIBUTION | $500,000 |
Washington, DC PURPOSE: CENTER FOR ISRAEL STUDIES | $125,000 |
North Bethesda, MD PURPOSE: GENERAL CONTRIBUTION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |