The Harry Halloran Jr Charitable Trust
- Assets
- $26.4m
- Revenue
- $8.4m
- Investments
- $20.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-6758450
Organization Overview
The Harry Halloran Jr Charitable Trust is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Harry Halloran Jr Charitable Trust 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 12/2021, Harry Halloran Jr Charitable Trust generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 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 2014, Harry Halloran Jr Charitable Trust has awarded 172 individual grants totaling $12,913,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE GRANTS FOR CHARITABLE PURPOSES THAT SUPPORT THE MISSION OF THE PHILADELPHIA FOUNDATION.
Describe the Organization's Program Activity:
TO MAKE CHARITABLE GRANTS AND PURSUE CHARITABLE ACTIVITIES THAT SUPPORT THE MISSION OF THE PHILADELPHIA FOUNDATION AND TO INSPIRE, INNOVATE AND ACCELERATE SUSTAINABLE SOCIAL INTERVENTIONS THAT PROMOTE HUMAN WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Benson Treasurer | OfficerTrustee | 1 | $0 |
Pedro A Ramos Secretary | OfficerTrustee | 1 | $0 |
Kate Allison Chair | OfficerTrustee | 1 | $0 |
Neil Halloran Trustee | Trustee | 1 | $0 |
Harry R Halloran Jr Trustee To 12/18/2021 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,412,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,412,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,066,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,725 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,016,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,364,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $192,105 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $776,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,079,972 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,412,399 |
| Accounts payable and accrued expenses | $2,107,709 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,257,709 |
| Net assets without donor restrictions | $5,600,130 |
| Net assets with donor restrictions | $18,554,560 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,412,399 |
Grants Awarded
Over the last fiscal year, The Harry Halloran Jr Charitable Trust has awarded $4,066,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT $900,000 AND THE GREEN DAWN FUND $550,000 | $1,450,000 |
Bradford, PA PURPOSE: GENERAL OPERATING SUPPORT $650,000, AND HARVEY L. GOLUBOCK BUSINESS COMPETITION & FUND $155,000 | $805,000 |
West Conshohocken, PA PURPOSE: GRANT & IMPACT INVESTING | $450,000 |
New York, NY PURPOSE: CREATIVE ECONOMY STUDY AND OTHER PROGRAMMING | $200,000 |
Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Harry Halloran Jr Charitable Trust has recieved totaling $19,419,560.
| Awarding Organization | Amount |
|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: TO PROVIDE SUPPORT TO THE HARRY R. HALLORAN, JR. CHARITABLE TRUST | $18,554,560 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: TO PROVIDE SUPPORT TO THE HARRY R. HALLORAN, JR. CHARITABLE TRUST | $569,000 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: TO PROVIDE SUPPORT TO THE HARRY R. HALLORAN, JR. CHARITABLE TRUST | $296,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |