Arkwright Foundation
- Assets
- $18.4m
- Revenue
- $1.9m
- Investments
- $17.4m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 06/1949
- Data as of
- 12/2021
- EIN
- 57-6000066
Organization Overview
Arkwright Foundation is located in Spartanburg, SC. The organization was established in 1949. 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. Arkwright 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 12/2021, Arkwright Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $700.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Arkwright Foundation has awarded 292 individual grants totaling $2,165,965. 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 |
|---|---|---|---|
Ml Cates Sr Chairman | 0.5 | $0 | |
Walter S Montgomery Jr Vice Chairman | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50,934 |
| Dividends & Interest | $295,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,558,808 |
| Capital Gain Net Income | $1,558,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,335 |
| Total Revenue | $1,911,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,475 |
| Total operating and administrative expenses | $54,294 |
| Contributions, gifts, grants paid | $646,395 |
| Total expenses and disbursements | $700,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $948,693 |
| 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 | $4,831,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,353,780 |
| 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 | $2,439 |
| Total liabilities | $2,439 |
Grants Awarded
Over the last fiscal year, Arkwright Foundation has awarded $646,395 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
Spartanburg, SC PURPOSE: GENERAL OPERATING SUPPORT | $255,000 |
HEALTHY SMILES OF SPARTANBURG PURPOSE: GENERAL OPERATING SUPPORT | $48,000 |
HUMMINGBIRD FARM PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
EPISCOPAL CHURCH OF THE ADVENT PURPOSE: GENERAL OPERATING SUPPORT | $36,400 |
UNITED WAY OF THE PIEDMONT PURPOSE: GENERAL OPERATING SUPPORT | $33,500 |
Spartanburg, SC PURPOSE: GENERAL OPERATING SUPPORT | $19,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |