The Williams Brice Edwards Charitable Trust
- Assets
- $55.5m
- Revenue
- $2.9m
- Investments
- $53.1m
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 57-6105891
Organization Overview
The Williams Brice Edwards Charitable Trust is located in Sumter, SC. The organization was established in 1988. 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. Williams Brice Edwards Charitable 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, Williams Brice Edwards Charitable Trust generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Williams Brice Edwards Charitable Trust has awarded 144 individual grants totaling $19,619,150. 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
CITY OF SUMTER
SUMTER COUNTY MUSEUM FOUNDATION
COUNTY OF SUMTER
SUMTER COUNTY MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence M Ervin Trustee | 0 | $0 | |
Frank O Edwards Trustee | 0 | $0 | |
Lauren E Brennan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,751 |
| Dividends & Interest | $1,584,574 |
| Net Rental Income | $9 |
| Net Gain on Sale of Assets | $1,303,733 |
| Capital Gain Net Income | $1,303,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,288 |
| Total Revenue | $2,913,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,972 |
| Taxes | $61,545 |
| Depreciation | $0 |
| Occupancy | $4,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $430,016 |
| Total operating and administrative expenses | $658,833 |
| Contributions, gifts, grants paid | $4,851,000 |
| Total expenses and disbursements | $5,509,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,868 |
| Net Accounts receivable | $183,750 |
| 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 | $2,085,285 |
| Total assets | $55,510,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $135,939 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $135,939 |
Grants Awarded
Over the last fiscal year, The Williams Brice Edwards Charitable Trust has awarded $4,851,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SUMTER COUNTY MUSEUM PURPOSE: SCULPTURE, AIR CONDITIONER, OPERATIONS | $380,000 |
SUMTER COUNTY MUSEUM FOUNDATION PURPOSE: SPECIAL PROJECT | $620,500 |
USC-SUMTER PURPOSE: MATCHING SCHOLORSHIPS, GYM | $350,000 |
MIDLANDS FATHERHOOD COALITION PURPOSE: SPECIAL PROJECT | $20,000 |
AMERICAN RED CROSS PURPOSE: SPECIAL PROJECT | $50,000 |
MORRIS COLLEGE PURPOSE: SCHOLARSHIP FUNDS | $100,000 |