Scott & Margy Trumbull Family Foundation
- Assets
- $494.7k
- Revenue
- $136.8k
- Investments
- $490.1k
- Employees
- 0
- Location
- Ottawa Hills, OH
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 45-4039439
Organization Overview
Scott & Margy Trumbull Family Foundation is located in Ottawa Hills, OH. The organization was established in 2013. 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. Scott & Margy Trumbull 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 12/2022, Scott & Margy Trumbull Family Foundation generated $136.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $229.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Scott & Margy Trumbull Family Foundation has awarded 109 individual grants totaling $2,455,184. 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 |
|---|---|---|---|
Margaret U Trumbull President, Vp, Secretary | 0.1 | $0 | |
Frank D Jacobs Assistant Secretary | 0.05 | $0 | |
Mark H Boss Assistant Secretary | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,249 |
| Interest on Savings | $216 |
| Dividends & Interest | $9,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,191 |
| Capital Gain Net Income | $33,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,845 |
| Total operating and administrative expenses | $6,355 |
| Contributions, gifts, grants paid | $222,625 |
| Total expenses and disbursements | $228,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,584 |
| 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 | $494,694 |
| 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, Scott & Margy Trumbull Family Foundation has awarded $222,625 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WILDLIFE CONSERVATION FUND PURPOSE: GENERAL SUPPORT | $12,000 |
ARTS COMMISSION PURPOSE: GENERAL SUPPORT | $14,000 |
CHESAPEAKE BAY FOUNDATION PURPOSE: GENERAL SUPPORT | $3,000 |
BSBO PURPOSE: GENERAL SUPPORT | $5,000 |
DEPAUL SCHOOL FOR THE HEARING & SPEECH PURPOSE: GENERAL SUPPORT | $2,000 |
DAYCROFT SCHOOL PURPOSE: GENERAL SUPPORT | $10,000 |