The Patton Charitable Foundation
- Assets
- $603.0k
- Revenue
- $62.9k
- Investments
- $586.0k
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 65-6346631
Organization Overview
The Patton Charitable Foundation is located in Hobe Sound, FL. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Patton Charitable 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 12/2023, Patton Charitable Foundation generated $62.9k 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 (7.5%) each year. All expenses for the organization totaled $151.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Patton Charitable Foundation has awarded 410 individual grants totaling $1,262,519. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann B Casey Trustee | 0.5 | $0 | |
Edward B Patton Trustee | 0.5 | $0 | |
Pamela W Patton Trustee | 0.5 | $0 | |
Richard R Patton Trustee | 0.5 | $0 | |
Jennifer Patton Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,176 |
| Capital Gain Net Income | $43,176 |
| Net ST Capital Gain | $1,940 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,555 |
| Contributions, gifts, grants paid | $145,050 |
| Total expenses and disbursements | $151,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,984 |
| Savings and temporary cash investments | $0 |
| 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 | $602,979 |
| 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, The Patton Charitable Foundation has awarded $145,050 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
GROTON SCHOOL PURPOSE: ANNUAL FUNDEDUCATIONSECONDARY | $1,000 |
NASHOBA BROOKS SCHOOL PURPOSE: ANNUAL FUNDEDUCATIONPRIMARY | $500 |
WESTMINSTER SCHOOL PURPOSE: SPECIAL FUNDEDUCATIONSECONDARY | $500 |
MISS PORTER'S SCHOOL PURPOSE: ANNUAL FUNDEDUCATIONYOUNG WOMEN | $10,000 |
UNITARIAN CHURCH OF ALL SOULS PURPOSE: ANNUAL FUNDSPIRITUALWELFARE | $1,000 |
GENERATIONS UNITED PURPOSE: ANNUAL FUNDINTERGENERATIONALWELFARE | $1,000 |