Telford Foundation Inc
- Assets
- $65.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 59-6194413
Organization Overview
Telford Foundation Inc is located in Naples, FL. The organization was established in 1967. 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. Telford Foundation Inc 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, Telford Foundation Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Telford Foundation Inc has awarded 108 individual grants totaling $19,486,835. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIFTS TO DESIGNATED CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS. SEE SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hiltz Director | Trustee | 2 | $12,000 |
Rick Wyles Secretary/treasurer/director | OfficerTrustee | 2 | $20,000 |
Henry Ct Richmond III Vice President/director | OfficerTrustee | 4 | $20,000 |
Jean C Logue President/director | OfficerTrustee | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,927,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $647,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,575,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,934,942 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,915 |
| Fees for services: Accounting | $14,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $224,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,562 |
| Royalties | $0 |
| Occupancy | $16,632 |
| Travel | $4,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $26,038 |
| Total functional expenses | $5,334,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,432,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $61,978,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,411,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $65,411,447 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,411,447 |
Grants Awarded
Over the last fiscal year, Telford Foundation Inc has awarded $4,934,942 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF KENTUCKY MEDICAL CENTER FOR OVARIAN CANCER RESEARCH PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $1,600,000 |
NCH HEALTH CARE SYSTEM PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $974,614 |
WASHINGTON AND LEE UNIVERSITY PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $389,846 |
BAPTIST HEALTH FOUNDATION RICHMOND INC PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $389,846 |
YOUTH HAVEN OF NAPLES INC PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $194,923 |
THE FIRST PRESBYTERIAN CHURCH OF RICHMOND PURPOSE: TO BENEFIT CHARITABLE ORGANIZATION'S EXEMPT PURPOSE | $389,846 |