Gerald L Ford Irrev Tr
- Assets
- $661.6k
- Revenue
- $33.6k
- Investments
- $636.8k
- Employees
- 0
- Location
- Wilmington, OH
- Founding
- 02/2014
- Data as of
- 08/2022
- EIN
- 45-6504239
Organization Overview
Gerald L Ford Irrev Tr is located in Wilmington, OH. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Gerald L Ford Irrev Tr 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 08/2022, Gerald L Ford Irrev Tr generated $33.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $50.6k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gerald L Ford Irrev Tr has awarded 30 individual grants totaling $216,118. 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
GERALD L. FORD ESTABLISHED A REVOCABLE LIVING TRUST DATED 06/22/2009. UPON HIS DEATH, THE TRUST BECAME IRREVOCABLE AND THE DOCUMENT APPOINTED PEOPLES BANK AS SUCCESSOR TRUSTEE. THE DOCUMENT STATES THAT ALL NET INCOME (ANNUAL ACCUMULATION OF INTEREST, LESS EXPENSES AND TAXES) SHOULD BE PAID OUT ANNUALLY TO THE FOLLOWING: 10% AMERICAN LEGION POST 49, WILMINGTON, OH 10% VETERANS OF FOREIGN WARS, POST 6710, WIL, OH 20% AMERICAN LEGION NATIONAL HEADQUARTERS, INDIANAPOLIS, IN 20% VETERANS OF FOREIGN WARS OF THE UNITED STATES HEADQUARTERS (VFW FOUNDATION), KANSAS CITY, MO 20% DISABLED AMERICAN VETERANS NATIONAL HEADQUARTERS, CINCINNATI, OH 20% TO BE REINVESTED BACK INTO PRINCIPAL OF THE TRUST CORPUS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,982 |
| Dividends & Interest | $12,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,994 |
| Capital Gain Net Income | $10,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,921 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,647 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $50,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,882 |
| 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 | $661,642 |
| 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, Gerald L Ford Irrev Tr has awarded $40,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION NATL HEADQUARTERS PURPOSE: DONATION | $10,000 |
VFW OF THE US HEADQUARTERS PURPOSE: DONATION | $10,000 |
DAV NATIONAL HEADQUARTERS PURPOSE: DONATION | $10,000 |
VETERANS OF FOREIGN WARS POST 6710 PURPOSE: DONATION | $5,000 |
Wilmington, OH PURPOSE: DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Elhapa Foundation Inc Lexington, KY | $43,489,972 | $1,635,816 |