Leonard C & Mildred F Ferguson Foundation
- Assets
- $10.1m
- Revenue
- $850.4k
- Investments
- $9.8m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 10/1999
- Data as of
- 01/2024
- EIN
- 65-6245247
Organization Overview
Leonard C & Mildred F Ferguson Foundation is located in Canton, OH. The organization was established in 1999. 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. Leonard C & Mildred F Ferguson 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 01/2024, Leonard C & Mildred F Ferguson Foundation generated $850.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.0m during the year ending 01/2024. While expenses have increased by 3.2% per year over the past 8 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 2015, Leonard C & Mildred F Ferguson Foundation has awarded 582 individual grants totaling $6,924,690. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 3 | $51,370 | |
Nancy Seeley Trustee | 1 | $0 | |
Lynne A Seeley Trustee | 1 | $0 | |
Dana G Seeley Hayse Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $302,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $548,169 |
| Capital Gain Net Income | $548,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,370 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,116 |
| Total operating and administrative expenses | $62,811 |
| Contributions, gifts, grants paid | $980,600 |
| Total expenses and disbursements | $1,043,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $348,455 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,131,098 |
| 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, Leonard C & Mildred F Ferguson Foundation has awarded $980,600 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CANTON REGIONAL FOOD BANK PURPOSE: FREE PROGRAM | $5,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: AMCS MAINE WOODS COMMUNITY YOUTH AND ENVIRONMENT PROGRAM | $5,000 |
ARTS ARE ELEMENTARY PURPOSE: 5TH GRADE RESIDENCY WITH FORMER PENOBSCOT NATION CHIEF | $1,000 |
BEYOND BARRIERS ATHLETIC FOUNDATION PURPOSE: SCHOLARSHIPS FOR AQUATIC PROGRAMS FOR UNDERSERVED YOUTH | $5,000 |
BOWDOIN INTERNATIONAL MUSIC FESTIVAL PURPOSE: COMMUNITY CONCERT SERIES | $4,000 |
BELFAST BAY WATERSHED COALITION PURPOSE: SUPPORT THE NATURAL LITERACY INITIATIVE, AND EDUCATOR | $15,000 |