Robert E Brennan Trust Under Will
- Assets
- $14.4m
- Revenue
- $1.7m
- Investments
- $13.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 61-6063803
Organization Overview
Robert E Brennan Trust Under Will is located in Pittsburgh, PA. The organization was established in 1998. 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. Robert E Brennan Trust Under Will 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, Robert E Brennan Trust Under Will generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert E Brennan Trust Under Will has awarded 24 individual grants totaling $4,390,588. 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 | $304,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,362,101 |
| Capital Gain Net Income | $1,362,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106 |
| Total Revenue | $1,666,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $107,651 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,368 |
| Total operating and administrative expenses | $164,458 |
| Contributions, gifts, grants paid | $910,428 |
| Total expenses and disbursements | $1,074,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $846,119 |
| 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 | $8,765,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,389,599 |
| 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, Robert E Brennan Trust Under Will has awarded $910,428 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF LOUISVILLE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $227,607 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $227,607 |
CHILDREN'S HOSPITAL FOUNDATION INC PURPOSE: GENERAL SUPPORT | $227,607 |
EPISCOPAL DIOCESE OF KENTUCKY PURPOSE: GENERAL SUPPORT | $227,607 |