Charlotte Rashmi-Graff Charitable Trust
- Assets
- $6.3m
- Revenue
- $78.9k
- Investments
- $6.2m
- Employees
- 0
- Location
- Palm Desert, CA
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-6661139
Organization Overview
Charlotte Rashmi-Graff Charitable Trust is located in Palm Desert, CA. The organization was established in 2018. 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. Charlotte Rashmi-Graff Charitable Trust 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 12/2022, Charlotte Rashmi-Graff Charitable Trust generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $482.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charlotte Rashmi-Graff Charitable Trust has awarded 33 individual grants totaling $806,542. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO 11 CHARITIES - SEE PAGE 11, PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton G Lamb Trustee | 3.5 | $26,337 | |
Margaret Claggett Director | 0.5 | $750 | |
Dana Tarnow Director | 0.5 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $195,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$116,478 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,837 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $273 |
| Total operating and administrative expenses | $90,035 |
| Contributions, gifts, grants paid | $392,172 |
| Total expenses and disbursements | $482,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,954 |
| 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 | $6,307,771 |
| 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, Charlotte Rashmi-Graff Charitable Trust has awarded $392,172 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMER CENTER FOR LAW & JUSTICE PURPOSE: CHARITABLE | $35,652 |
AMER SOC FOR PREV OF CRUELTY OF ANIMALS PURPOSE: CHARITABLE | $35,652 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: CHARITABLE | $35,652 |
CARDINAL NEWMAN SOCIETY PURPOSE: CHARITABLE | $35,652 |
CATHOLIC LEAGUE FOR RELIGION & CIVIL RIG PURPOSE: CHARITABLE | $35,652 |
FELLOWSHIP OF CATHOLIC UNIVERSITY STUDEN PURPOSE: CHARITABLE | $35,652 |