Herbert L And Nancy M Townsend Foundation
- Assets
- $0.0
- Revenue
- $702.2k
- Investments
- $21.4m
- Employees
- 0
- Location
- Wilton, IA
- Founding
- 01/2016
- Data as of
- 12/2020
- EIN
- 47-2479056
Organization Overview
Herbert L And Nancy M Townsend Foundation is located in Wilton, IA. The organization was established in 2016. 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. Herbert L And Nancy M Townsend 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 12/2020, Herbert L And Nancy M Townsend Foundation generated $702.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herbert L And Nancy M Townsend Foundation has awarded 40 individual grants totaling $4,931,146. 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 |
|---|---|---|---|
Dennis M Henning President | 1 | $0 | |
Mark R Gillett Vice-President | 1 | $0 | |
Eric J Thomsen Treasurer | 1 | $0 | |
Dwight Glenney Director | 1 | $0 | |
Barbara T Soenksen Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,148 |
| Dividends & Interest | $357,468 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,283 |
| Total Revenue | $702,176 |
| 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 | $59,773 |
| Contributions, gifts, grants paid | $1,159,736 |
| Total expenses and disbursements | $1,219,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,318 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,004,624 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herbert L And Nancy M Townsend Foundation has awarded $1,109,054 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WILTON COMMUNITY SCHOOLS PURPOSE: GENERAL OPERATING FUND, COMMONS PROJECT, AND FFA/AG SUPPORT | $565,225 |
WILTON PUBLIC LIBRARY PURPOSE: GENERAL OPERATING FUND AND BUSINESS INCUBATOR | $250,000 |
Muscatine, IA PURPOSE: SCHOLARSHIPS | $200,000 |
YOUNG LIFE PURPOSE: GENERAL OPERATING FUND | $40,000 |
Wyoming, IA PURPOSE: GENERAL OPERATING FUND | $40,000 |
MUSCATINE COUNTY FAIR PURPOSE: GENERAL OPERATING FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |