Foley Family Charitable Foundation
- Assets
- $42.9m
- Revenue
- $18.4m
- Investments
- $16.9m
- Employees
- 0
- Location
- Whitefish, MT
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 77-0472642
Organization Overview
Foley Family Charitable Foundation is located in Whitefish, MT. 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. Foley Family 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, Foley Family Charitable Foundation generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $6.8m during the year ending 12/2023. While expenses have increased by 20.6% per year over the past 9 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 2014, Foley Family Charitable Foundation has awarded 242 individual grants totaling $34,684,292. 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 |
|---|---|---|---|
Lindsay E Foley President | 40 | $125,000 | |
Carol J Foley Secretary | 1 | $0 | |
William P Foley II Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,193,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,207,591 |
| Capital Gain Net Income | $16,390,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,400,759 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,378 |
| Total operating and administrative expenses | $317,728 |
| Contributions, gifts, grants paid | $6,466,858 |
| Total expenses and disbursements | $6,784,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,957,982 |
| 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 | $3,877,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,898,342 |
| 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, Foley Family Charitable Foundation has awarded $6,466,859 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
SOMM FOUNDATION PURPOSE: EDUCATION AND PROFESSIONAL DEVELOPMENT OF PEOPLE WORKING IN THE WINE AND SPIRITS BUSINESS | $10,000 |
NAPA VALLEY COLLEGE PURPOSE: EDUCATION | $2,500 |
HEALDSBURG JAZZ FESTIVAL PURPOSE: FOLK AND INDIGENOUS MUSIC | $25,000 |
ALPINE THEATRE PROJECT PURPOSE: ARTS EDUCATION | $100,000 |
BOYS & GIRLS CLUB SONOMA MARIN PURPOSE: ENABLE YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL | $5,000 |
WEST POINT ASSOCIATION OF GRADUATES PURPOSE: MICHIE STADIUM PRESERVATION PROJECT | $2,100,000 |