Precourt Foundation
- Assets
- $26.7m
- Revenue
- $3.9m
- Investments
- $10.6m
- Employees
- 0
- Location
- Edwards, CO
- Founding
- 08/1994
- Data as of
- 12/2020
- EIN
- 76-0430659
Organization Overview
Precourt Foundation is located in Edwards, CO. The organization was established in 1994. 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. Precourt 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 12/2020, Precourt Foundation generated $3.9m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2020. While expenses have increased by 5.6% per year over the past 3 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 2019, Precourt Foundation has awarded 191 individual grants totaling $7,803,635. 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 |
|---|---|---|---|
Jay A Precourt Trustee | 1 | $0 | |
Amanda J Precourt Trustee | 1 | $0 | |
Christopher J Todd Trustee | 1 | $0 | |
Jay Anthony Precourt Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $13,199 |
| Dividends & Interest | $148,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,967,892 |
| Capital Gain Net Income | $1,967,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,137,151 |
| Total Revenue | $3,866,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,727 |
| Taxes | $3,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,451 |
| Total operating and administrative expenses | $151,098 |
| Contributions, gifts, grants paid | $2,916,385 |
| Total expenses and disbursements | $3,067,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,538,880 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,536,449 |
| 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 | $10,600,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,675,821 |
| 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, Precourt Foundation has awarded $1,212,200 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
TUCK SCHOOL PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $250,000 |
Austin, TX PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $150,000 |
Winchester, VA PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $145,000 |
SACRED HEART SCHOOL PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $135,000 |
Malibu, CA PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $100,000 |
Austin, TX PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $82,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Precourt Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Ward W Woods Foundation New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |