Gertrude B & Mortimer May Foundation
- Assets
- $275.8k
- Revenue
- $26.6k
- Investments
- $255.0k
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 01/1976
- Data as of
- 12/2022
- EIN
- 62-0963317
Organization Overview
Gertrude B & Mortimer May Foundation is located in Chapel Hill, NC. The organization was established in 1976. 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. Gertrude B & Mortimer May 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 12/2022, Gertrude B & Mortimer May Foundation generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $39.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gertrude B & Mortimer May Foundation has awarded 313 individual grants totaling $1,464,615. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO CHARITIES QUALIFIED UNDER 501(C)(3). SEE LISTING OF CONTRIBUTIONS UNDER PART XV, FORM 990-PF. PROVIDED SUPPORT FOR APPROXIMATELY 45 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Dahl President | 1 | $0 | |
Bill Dahl Sectreasurer | 1 | $0 | |
Susan Sharer Vice President | 0.25 | $0 | |
Julia Dahl Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,567 |
| Capital Gain Net Income | $18,567 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,505 |
| Total operating and administrative expenses | $15,893 |
| Contributions, gifts, grants paid | $23,235 |
| Total expenses and disbursements | $39,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,769 |
| 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 | $35,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $275,791 |
| 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, Gertrude B & Mortimer May Foundation has awarded $23,235 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
JUDEA REFORM PURPOSE: REFORM JEWISH SYNAGOGUE SUPPORTING THE CHAPEL HILL/ RALEIGH/DURHAM JEWISH COMMUNITY | $2,395 |
YMCA OF GREATER NEW YORK PURPOSE: THE YMCA OF GREATER NEW YORK IS A COMMUNITY SERVICE ORGANIZATION WHICH PROMOTES POSITIVE VALUES THROUGH PROGRAMS THAT BUILD SPIRIT, MIND AND BODY, WELCOMING ALL PEOPLE, WITH A FOCUS ON YOUTH | $2,000 |
CAMERA PURPOSE: MONITORS AND CHALLENGES PERCEIVED ANTI-ISRAELI NEWS | $500 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: TRAINS VOLUNTEER AND PROFESSIONAL MEDICAL RESPONDERS TO PROVIDE PRE-HOSPITAL EMERGENCY NEEDS, INCLUDING MEDICAL, DISASTER, AMBULANCE AND BLOOD SERVICES | $1,000 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: SUPPORT LUTHERAN CHURCH ACTIVITIES AND WORSHIP | $8,000 |
FRIENDS OF ISRAELI DEFENSE FUND PURPOSE: SUPPORTS ISRAELI DEFENSE FORCES | $500 |