Grace K And Wesley S Alpert Charitable Foundation
- Assets
- $55.5m
- Revenue
- -$623.2k
- Investments
- $54.0m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-6592383
Organization Overview
Grace K And Wesley S Alpert Charitable Foundation is located in Cranston, RI. The organization was established in 2012. 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. Grace K And Wesley S Alpert Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Grace K And Wesley S Alpert Charitable Foundation has awarded 135 individual grants totaling $8,021,643. 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 |
|---|---|---|---|
Benjamin G Paster Co-Trustee | 12 | $75,000 | |
Nicole Campbell Co-Trustee | 15 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,179 |
| Dividends & Interest | $1,413,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,041,636 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$623,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,891 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $627,847 |
| Contributions, gifts, grants paid | $2,583,750 |
| Total expenses and disbursements | $3,211,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,566,894 |
| 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 | $24,432,197 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,549,939 |
| 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, Grace K And Wesley S Alpert Charitable Foundation has awarded $2,583,750 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: PROVIDE CARE AND RESEARCH TOWARDS ALZHEIMER'S | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $1,500 |
AMERICAN RED CROSS PURPOSE: TO BE RELENTLESS FORCE FOR A WORLD OF LONGER, HEALTHIER LIVES | $1,000 |
ANIMAL GUARDIANS OF SOUTH CAROLINA PURPOSE: RESCUE AND SAFE CARE OF ANIMALS | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: PROVIDING LIFESAVING MEDICAL HUMANITARIAN CARE | $1,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: CARE TO CHILDREN AND ADULTS WITH CANCER | $10,000 |