T W Briggs Foundation Inc
- Assets
- $0.0
- Revenue
- $674.0k
- Investments
- $17.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1961
- Data as of
- 09/2021
- EIN
- 62-6039986
Organization Overview
T W Briggs Foundation Inc is located in Memphis, TN. The organization was established in 1961. 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. T W Briggs 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 09/2021, T W Briggs Foundation Inc generated $674.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T W Briggs Foundation Inc has awarded 355 individual grants totaling $7,044,341. 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 |
|---|---|---|---|
Allison Cates Chair/director | 1 | $0 | |
Meg Crosby Vice Chair | 1 | $0 | |
Hunter Witherington Treasurer/director | 1 | $0 | |
Douglas Scarboro Director | 1 | $0 | |
V Lynn Evans Director | 1 | $0 | |
Larry Jensen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,612 |
| Dividends & Interest | $125,469 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,215 |
| Total Revenue | $673,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $856 |
| Occupancy | $14,881 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $323,932 |
| Contributions, gifts, grants paid | $704,100 |
| Total expenses and disbursements | $1,028,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,905,367 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, T W Briggs Foundation Inc has awarded $645,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCE MEMPHIS PURPOSE: PROGRAM SUPPORT | $50,000 |
CLEAN MEMPHIS PURPOSE: PROGRAM SUPPORT | $10,000 |
ALL MEMPHIS PURPOSE: PROGRAM SUPPORT | $25,000 |
ARISE2READ PURPOSE: PROGRAM SUPPORT | $15,000 |
CONTEMPORARY ARTS MEMPHIS PURPOSE: PROGRAM SUPPORT | $12,000 |
CREATIVE AGING PURPOSE: PROGRAM SUPPORT | $15,000 |