Hugh And Charlotte Maclellan Charitabhle Trust
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $21.7m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 09/1993
- Data as of
- 06/2020
- EIN
- 62-6268981
Organization Overview
Hugh And Charlotte Maclellan Charitabhle Trust is located in Chattanooga, TN. The organization was established in 1993. 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. Hugh And Charlotte Maclellan Charitabhle Trust 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 06/2020, Hugh And Charlotte Maclellan Charitabhle Trust generated $1.8m 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 (13.0%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hugh And Charlotte Maclellan Charitabhle Trust has awarded 375 individual grants totaling $11,035,075. 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 |
|---|---|---|---|
Hugh O Maclellan Jr Secretary & Treasurer | 0.5 | $0 | |
Christopher H Maclellan Vice President | 3 | $0 | |
Daniel O Maclellan President | 5 | $0 | |
Catherine M Heald Vice President | 1 | $0 | |
Elizabeth M Lindquist Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,324 |
| Dividends & Interest | $592,383 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,333 |
| Total Revenue | $1,829,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $437,009 |
| Contributions, gifts, grants paid | $2,017,000 |
| Total expenses and disbursements | $2,454,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,313 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,918,761 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hugh And Charlotte Maclellan Charitabhle Trust has awarded $1,997,000 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: FOR GENERAL OPERATING SUPPORT. | $947,500 |
SHAOHANNAHS HOPE INC PURPOSE: FOR GENERAL OPERATING SUPPORT. | $75,000 |
Nashville, TN PURPOSE: FOR SPIRITUAL FORMATION AND EDUCATION. | $75,000 |
Billings, MT PURPOSE: FOR LEADER CARE. | $50,000 |
Chattanooga, TN PURPOSE: FOR EDUCATION OF YOUTH AND CHILDREN. | $40,000 |
Chattanooga, TN PURPOSE: FOR BUILDING INFRASTRUCTURE. | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |