Patrick F Taylor Foundation
- Assets
- $55.7m
- Revenue
- $17.8m
- Investments
- $54.0m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 58-1686754
Organization Overview
Patrick F Taylor Foundation is located in New Orleans, LA. The organization was established in 1986. 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. Patrick F Taylor 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, Patrick F Taylor Foundation generated $17.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Patrick F Taylor Foundation has awarded 278 individual grants totaling $13,757,721. 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 |
|---|---|---|---|
Dr Morrison C Bethea Trustee | 0.5 | $0 | |
Ann V Fuselier Trustee | 0.5 | $0 | |
Phyllis M Taylor Chairman/president | 10 | $0 | |
Byron A Leblanc Trustee | 5 | $0 | |
Dina Bracci Riviere Cfo/treasurer | 8 | $0 | |
Raymond J Jeandron Jr Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,000 |
| Interest on Savings | $36,128 |
| Dividends & Interest | $1,515,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,239,993 |
| Capital Gain Net Income | $1,239,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,791,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155,417 |
| Total operating and administrative expenses | $164,601 |
| Contributions, gifts, grants paid | $5,413,581 |
| Total expenses and disbursements | $5,578,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,594 |
| Savings and temporary cash investments | $963,515 |
| 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 | $5,718,267 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,710,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,528,691 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,852,041 |
| Total liabilities | $7,380,732 |
Grants Awarded
Over the last fiscal year, Patrick F Taylor Foundation has awarded $7,590,081 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000,000 |
PATRICK F TAYLOR FOUNDATION MISSISSIPPI SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $948,000 |
THE DOUGHBOY FOUNDATION PURPOSE: OTHER CHARITABLE PURPSOE | $400,000 |
Mississippi State, MS PURPOSE: OTHER CHARITABLE PURPOSE | $400,000 |
New Orleans, LA PURPOSE: OTHER CHARITABLE PURPOSE | $400,000 |
THE LSU AGRICULTURAL CENTER PURPOSE: OTHER CHARITABLE PURPOSE | $352,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |