Margaret Walker Purinton Foundation
- Assets
- $1.4m
- Revenue
- $63.5k
- Investments
- $969.2k
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 54-1841603
Organization Overview
Margaret Walker Purinton Foundation is located in Belmont, MA. The organization was established in 1998. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Walker Purinton 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 12/2022, Margaret Walker Purinton Foundation generated $63.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $163.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Margaret Walker Purinton Foundation has awarded 51 individual grants totaling $812,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR THE FOUNDATION MADE ONLY CHARITABLE GRANTS. THE FOUNDATION DID NOT HAVE ANY DIRECT CHARITABLE ACTIVITIES OR PROGRAM RELATED INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Davis Purinton President, Treasurer & Dir | 10 | $0 | |
Betsey Alden Purinton Vp, Sec, A.treas, Dir | 1 | $0 | |
James T English Director | 1 | $0 | |
Glenn M Lankford Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,671 |
| Dividends & Interest | $66,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,315 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $202 |
| Total operating and administrative expenses | $3,809 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $163,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,438 |
| Savings and temporary cash investments | $418,434 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,415,080 |
| 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, Margaret Walker Purinton Foundation has awarded $160,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN ENVIRONMENTAL LAW CENTER PURPOSE: GENERAL PURPOSE OF DONEE | $30,000 |
THE RHODE ISLAND FOUNDATION PURPOSE: FUND FOR THE ENVIRONMENT | $10,000 |
LINCOLN SCHOOL PURPOSE: GENERAL PURPOSE OF DONEEGENERAL PURPOSE OF DONEE | $20,000 |
THE TRUSTEES OF RESERVATIONS PURPOSE: GENERAL PURPOSE OF DONEE | $15,000 |
UNIVERSITY OF MARY WASHINGTON FOUNDATION PURPOSE: GARI MELCHER HOME & STUDIO | $30,000 |
MASSACHUSETTS AUDUBON SOCIETY INC PURPOSE: GENERAL PURPOSE OF DONEE | $15,000 |