Lucille P And Edward C Giles Foundation
- Assets
- $18.9m
- Revenue
- $854.4k
- Investments
- $18.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 58-1450874
Organization Overview
Lucille P And Edward C Giles Foundation is located in Charlotte, NC. The organization was established in 1981. 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. Lucille P And Edward C Giles 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 12/2023, Lucille P And Edward C Giles Foundation generated $854.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucille P And Edward C Giles Foundation has awarded 218 individual grants totaling $11,338,555. 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 |
|---|---|---|---|
Amanda Grimes Director | 1 | $7,500 | |
Tate Ogburn Secretary | 1.5 | $10,000 | |
Jan J Nomina President/treas | 3 | $20,000 | |
William Jeffries Vice President | 1 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $436,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,460 |
| Capital Gain Net Income | $411,460 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,597 |
| Total Revenue | $854,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $109 |
| Taxes | $27,462 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $172 |
| Printing and publications | $0 |
| Other expenses | $1,032 |
| Total operating and administrative expenses | $149,279 |
| Contributions, gifts, grants paid | $1,221,000 |
| Total expenses and disbursements | $1,370,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,785 |
| 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 | $20,764 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,215,587 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,926,938 |
| 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, Lucille P And Edward C Giles Foundation has awarded $1,221,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY OF GREATER CHARLOTTE PURPOSE: EMERGENCY SHELTER | $100,000 |
ON EAGLES WINGS MINISTRIES PURPOSE: EDUCATIONAL SUPPORT $90,000 Y4A STRENGHERING LEADERSHIP $40,000 | $130,000 |
PLANNED PARENTHOOD SOUTH ATLANTIC PURPOSE: UNRESTRICTED $25,000, HEALTH SERVICES $10,000, STRATEGIC AGILITY FUND $10,000 | $45,000 |
THE RELATIVES PURPOSE: UNRESTRICTED $35,000, CAPITAL CAMPAIGN $25,000 | $60,000 |
CHARLOTTE FAMILY HOUSING PURPOSE: STAFFING AT PLAZA PLACE | $25,000 |
ROOF ABOVE PURPOSE: EMPLOYMENT PROGRAM | $25,000 |