Lee And Juliet Folger Fund
- Assets
- $8.5m
- Revenue
- $501.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 07/1957
- Data as of
- 08/2021
- EIN
- 52-0794388
Organization Overview
Lee And Juliet Folger Fund is located in Mclean, VA. The organization was established in 1957. 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. Lee And Juliet Folger Fund 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 08/2021, Lee And Juliet Folger Fund generated $501.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.3%) each year. All expenses for the organization totaled $6.3m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lee And Juliet Folger Fund has awarded 195 individual grants totaling $22,708,200. 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 |
|---|---|---|---|
Lee M Folger President | 2 | $0 | |
Juliet C Folger Treasurer, Secretary, V. P | 2 | $0 | |
Leiter C Colburn Vice President | 1 | $0 | |
Cecily C Colburn Vice President | 1 | $0 | |
Oliva M Colburn Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,265 |
| Dividends & Interest | $413,501 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,275 |
| Capital Gain Net Income | $86,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,517 |
| Total operating and administrative expenses | $209,297 |
| Contributions, gifts, grants paid | $6,102,700 |
| Total expenses and disbursements | $6,311,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,408,734 |
| 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 | $181,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,476,441 |
| 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, Lee And Juliet Folger Fund has awarded $6,638,700 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL GALLERY OF ART PURPOSE: TO PURCHASE "WOODEN LANDSCAPE" BY BRUGEL | $3,000,000 |
NATIONAL GALLERY OF ART PURPOSE: TO PURCHASE COORTE PAINTING | $2,700,000 |
MASSACHUSETTS GENERAL HOSPITAL PARTNERS HEALTHCARE SYSTEMS INC PURPOSE: SUPPORT OF JOSEPH BIEDERMAN, MD CHAIR IN PEDISTRIC PSYCHOPHARMACOLOGY | $150,000 |
NATIONAL GALLERY OF ART PURPOSE: 75TH MELLON MATCHING FUND FOR THE CONSERVATION PROGRAM | $100,000 |
West Palm Beach, FL PURPOSE: GRANT IN SUPPORT OF THE APRIL GALA | $50,000 |
Chattanooga, TN PURPOSE: HERBIE OAKES CLASS OF '64 MEMORIAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |