Tillerson Foundation
- Assets
- $16.8m
- Revenue
- $2.3m
- Investments
- $15.8m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-3454390
Organization Overview
Tillerson Foundation is located in Albany, NY. The organization was established in 2016. 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. Tillerson 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, Tillerson Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $805.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tillerson Foundation has awarded 21 individual grants totaling $880,500. 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 |
|---|---|---|---|
Rex W Tillerson President/treasurer/director | 1 | $0 | |
Renda R Tillerson Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,077 |
| Interest on Savings | $28,148 |
| Dividends & Interest | $339,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,336,116 |
| Capital Gain Net Income | $1,336,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,303,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,522 |
| Taxes | $727 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $105,687 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $805,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $931,626 |
| 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 | $4,310,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,767,536 |
| 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, Tillerson Foundation has awarded $270,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
LONGHORN COUNCIL BSA PURPOSE: GENERAL | $5,000 |
AUTISTIC TREATMENT CENTERS OF TEXAS PURPOSE: GENERAL | $25,000 |
PRESBYTERIAN NIGHT SHELTER PURPOSE: GENERAL | $10,000 |
NORTHWEST TEXAS COUNCIL BSA PURPOSE: GENERAL | $25,000 |
TURNING POINT USA PURPOSE: GENERAL | $100,000 |
MD ANDERSON CANCER CENTER PURPOSE: GENERAL | $25,000 |