Keswick Foundation Inc
- Assets
- $211.6m
- Revenue
- $5.1m
- Investments
- $49.4m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1976
- Data as of
- 06/2020
- EIN
- 52-1066144
Organization Overview
Keswick Foundation Inc is located in Baltimore, MD. The organization was established in 1976. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keswick Foundation Inc 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 06/2020, Keswick Foundation Inc generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Keswick Foundation Inc has awarded 32 individual grants totaling $55,947,520. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FINANCIAL SUPPORT TO KESWICK MULTI-CARE CENTER, INC. AND KESWICK COMMUNITY HEALTH, INC.
Describe the Organization's Program Activity:
NURSING HOME CARE - KESWICK FOUNDATION MANAGES THE ASSETS OF KESWICK MULTI-CARE CENTER (KMC)AND SUPPORTS THE PROGRAMS AT KMC FOR THE BENEFIT OF ITS RESIDENTS.
COMMUNITY HEALTH CENTER - KESWICK FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE DEVELOPMENT AND OPERATION OF VARIOUS PROGRAMS THAT ARE PROVIDED BY KESWICK COMMUNITY HEALTH TO ENHANCE THE HEALTH AND QUALITY OF THE LIVES OF OLDER ADULTS.
SCHOLARSHIPS - THE DEERING SCHOLARSHIP FUND OF KESWICK FOUNDATION WAS DEVELOPED TO ENCOURAGE AND PROMOTE CAREER DEVELOPMENT IN THE FIELD OF GERIATRIC NURSING.
NURSING HOME CARE - KESWICK FOUNDATION MANAGES THE ASSETS OF KESWICK MULTI-CARE CENTER (KMC)AND SUPPORTS THE PROGRAMS AT KMC FOR THE BENEFIT OF ITS RESIDENTS.
COMMUNITY HEALTH CENTER - KESWICK FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE DEVELOPMENT AND OPERATION OF VARIOUS PROGRAMS THAT ARE PROVIDED BY KESWICK COMMUNITY HEALTH TO ENHANCE THE HEALTH AND QUALITY OF THE LIVES OF OLDER ADULTS.
SCHOLARSHIPS - THE DEERING SCHOLARSHIP FUND OF KESWICK FOUNDATION WAS DEVELOPED TO ENCOURAGE AND PROMOTE CAREER DEVELOPMENT IN THE FIELD OF GERIATRIC NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H West III Vice President | OfficerTrustee | 2 | $0 |
Nancy J Floyd Prue Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Matt M Rockstroh President | OfficerTrustee | 2 | $0 |
Carmel Roques CEO | Officer | 2 | $0 |
Maria Darby COO | Officer | 2 | $0 |
Michele Lagana CFO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management Investment Advisors | 6/29/21 | $177,711 |
Brown Advisory Investment Advisors | 6/29/21 | $122,483 |
Df Dent & Company Investment Advisors | 6/29/21 | $110,589 |
Marquette Associates Investment Advisors | 6/29/21 | $106,003 |
Eagle Capital Management Investment Advisors | 6/29/21 | $177,711 |
Brown Advisory Investment Advisors | 6/29/21 | $122,483 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,032 |
| Investment income | $4,790,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $257,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,072,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $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 | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $729,575 |
| 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 | $7,786,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,462,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $157,498,065 |
| Investments—other securities | $49,406,685 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,590,751 |
| Accounts payable and accrued expenses | $308,463 |
| Grants payable | $0 |
| 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 | $89,470 |
| Total liabilities | $397,933 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $211,192,818 |
Grants Awarded
Over the last fiscal year, Keswick Foundation Inc has awarded $19,254,758 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PROGRAM AND OPERATING SUPPORT | $7,194,629 |
Baltimore, MD PURPOSE: PROGRAM AND OPERATING SUPPORT | $7,194,629 |
Baltimore, MD PURPOSE: PROGRAM AND OPERATING SUPPORT | $2,395,750 |
Baltimore, MD PURPOSE: PROGRAM AND OPERATING SUPPORT | $2,395,750 |
Baltimore, MD PURPOSE: SCHOLARSHIPS | $37,000 |
Baltimore, MD PURPOSE: SCHOLARSHIPS | $37,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keswick Foundation Inc has recieved totaling $3,320.
| Awarding Organization | Amount |
|---|---|
Cora L Hall Residuary Tr 17499-0 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $3,320 |
Endowment Analysis
| Beg. Balance | $31,691,907 |
| Earnings | $8,884,941 |
| Other Expense | $1,776,462 |
| Ending Balance | $38,800,386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
The Medical Trust Philadelphia, PA | $200,270,282 | $19,932,215 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |
Meadville Physician Services Meadville, PA | $881,985 | $6,590,657 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |