Canfield Family Foundation
- Assets
- $6.3m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-6346588
Organization Overview
Canfield Family Foundation is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canfield Family 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, Canfield Family Foundation generated $6.4m 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 (16.6%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,933,724 |
| Interest on Savings | $37,006 |
| Dividends & Interest | $161,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,296,290 |
| Capital Gain Net Income | $1,288,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,428,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,132 |
| Total operating and administrative expenses | $28,865 |
| Contributions, gifts, grants paid | $3,331,333 |
| Total expenses and disbursements | $3,360,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,777 |
| 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 | $6,119,850 |
| Total assets | $6,277,627 |
| 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, Canfield Family Foundation has awarded $3,331,333 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS PURPOSE: BEST USE | $1,781,333 |
MOBILE LOAVES AND FISHES PURPOSE: BEST USE | $1,000,000 |
BREAKTHROUGH PURPOSE: BEST USE | $550,000 |