Corina Higginson Trust
- Assets
- $1.3m
- Revenue
- $141.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Charlotte Hall, MD
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 52-6055743
Organization Overview
Corina Higginson Trust is located in Charlotte Hall, MD. The organization was established in 1964. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Corina Higginson 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 12/2022, Corina Higginson Trust generated $141.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $526.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Corina Higginson Trust has awarded 226 individual grants totaling $1,473,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilton C Corkern Jr Trustee | 0 | $1,000 | |
Virginia L Mackay-Smith Trustee | 0 | $1,000 | |
Linda Cropp Trustee | 0 | $1,000 | |
Laura Ford Trustee | 0 | $8,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133 |
| Dividends & Interest | $33,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,193 |
| Capital Gain Net Income | $108,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,343 |
| Total operating and administrative expenses | $59,309 |
| Contributions, gifts, grants paid | $467,500 |
| Total expenses and disbursements | $526,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,481 |
| Savings and temporary cash investments | $65,000 |
| 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 | $557,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,279,448 |
| 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, Corina Higginson Trust has awarded $467,500 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA SEAPORT FOUNDA PURPOSE: CHARITY | $7,500 |
ACCOKEEK FOUNDATION PURPOSE: CHARITY | $9,500 |
AMERICAN YOUTH PHILARMONIC PURPOSE: CHARITY | $7,500 |
ANTI DEFAMATION LEAGUE WA PURPOSE: CHARITY | $7,500 |
ANDREW KEEGAN THEATRE PURPOSE: CHARITY | $7,500 |
ARTS FOR THE AGING PURPOSE: CHARITY | $7,500 |