Louise & Jimmy Gallant Trust Fund
- Assets
- $2.0m
- Revenue
- $41.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 58-6132250
Organization Overview
Louise & Jimmy Gallant Trust Fund is located in Columbus, GA. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 12/2022, Louise & Jimmy Gallant Trust Fund generated $41.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $53.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louise & Jimmy Gallant Trust Fund has awarded 56 individual grants totaling $1,441,212. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,283 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,549 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,497 |
| Contributions, gifts, grants paid | $20,232 |
| Total expenses and disbursements | $53,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,506 |
| 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 | $1,873,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,887 |
| Total assets | $1,994,350 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $20,232 |
| 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 | $20,232 |
Grants Awarded
Over the last fiscal year, Louise & Jimmy Gallant Trust Fund has awarded $122,432 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CH OF LAGRANGE PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $21,516 |
PRESBYTERIAN COLLEGE PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $48,410 |
RABUN GAP-NACOOCHEE SCHOOL PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $21,516 |
BOY SCOUTS - CHATTAHOOCHEE COUNCIL PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $10,758 |
PRESBYTERIAN COLLEGE PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $9,584 |
RABUN GAP-NACOOCHEE SCHOOL PURPOSE: PROVIDE SUPPORT TO THE GENERAL FUND | $4,259 |