Wise Foundation
- Assets
- $20.5m
- Revenue
- $1.8m
- Investments
- $19.8m
- Employees
- 0
- Location
- Marshall, VA
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 54-1942771
Organization Overview
Wise Foundation is located in Marshall, VA. The organization was established in 1999. 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. Wise Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Wise Foundation has awarded 585 individual grants totaling $6,905,500. 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 |
|---|---|---|---|
Lewis B Pollard President | 2 | $0 | |
Lewis S Wiley Board Member | 2 | $0 | |
Frederick G Pollard II Board Member | 1 | $0 | |
Sheila W Harrell Board Member | 1 | $0 | |
Dawn E Confer Board Member | 5 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $898 |
| Dividends & Interest | $465,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,328,458 |
| Capital Gain Net Income | $1,328,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,794,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,707 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223 |
| Total operating and administrative expenses | $140,142 |
| Contributions, gifts, grants paid | $1,095,000 |
| Total expenses and disbursements | $1,235,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,439 |
| Savings and temporary cash investments | $659,906 |
| 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 | $20,456,298 |
| 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, Wise Foundation has awarded $1,095,000 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE TO BE PURPOSE: COMMUNITY SERVICES - GENERAL OPERATING FUND | $5,000 |
1776 LITTLE FORK PRESERVATION FOUNDATION PURPOSE: HISTORIC PRESERVATION - GENERAL OPERATING FUND | $5,000 |
AMATEUR RIDERS CLUB PURPOSE: COMMUNITY SERVICES - GENERAL OPERATING FUND | $10,000 |
BLUE RIDGE WILDLIFE CENTER PURPOSE: ANIMAL WELFARE - GENERAL OPERATING FUND | $10,000 |
ANGEL FLIGHT PURPOSE: COMMUNITY SERVICES - GENERAL OPERATING FUND | $5,000 |
BOARD OF EDUCATION OF DUPLIN COUNTY PURPOSE: EDUCATION - GENERAL OPERATING FUND | $5,000 |