Aspen Trust
- Assets
- $10.1m
- Revenue
- -$3.8m
- Investments
- $9.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-7011247
Organization Overview
Aspen Trust is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Aspen Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Aspen Trust has awarded 29 individual grants totaling $2,012,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY - ASPEN TRUST MAKES GRANTS TO ORGANIZATIONS THAT PROVIDE DIRECT BENEFITS TO DISADVANTAGED COMMNITIES WORLDWIDE, WHOSE PROGRAMS FOCUS ON HUMAN RIGHTS, SUSTAINABLE AND ECONOMIC DEVELOPMENT, AS WELL AS SUPPORT OF JEWISH CULTURE AND A PLURALISTIC SOCIETY IN ISRAEL.
ARTS - RECOGNIZING THAT CONTEMPORARY ARTISTS MAKE AN IMPORTANT CONTRIBUTION TO A PROGRESSIVE SOCIETY, THEIR WORK OFTEN ADDRESSING KEY ISSUES OF OUR TIME, ASPEN TRUST MAKES GRANTS TO SUPPORT THE EXHIBITION OF CONTEMPORARY ARTS AND COLLABORATIONS AMONG CONTEMPORARY ARTISTS, CURATORS AND ART ORGANIZATIONS AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland Worms Trustee | 0 | $0 | |
Patricia Terdjman Trustee | 0 | $0 | |
Name Not Listed Trust Admini | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,945 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,362 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,184,368 |
| Total Revenue | -$3,773,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $541 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,940 |
| Contributions, gifts, grants paid | $1,647,500 |
| Total expenses and disbursements | $1,670,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,378 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $350,000 |
| 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 | $9,444,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,060,089 |
| Accounts payable and accrued expenses | $24,500 |
| 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 | $24,500 |
Grants Awarded
Over the last fiscal year, Aspen Trust has awarded $1,647,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARTNOW INTERNATIONAL INC PURPOSE: GENERAL SUPPORT | $1,450,000 |
SYNGAP RESEARCH FUND PURPOSE: CHARITY | $4,000 |
EARTH ISLAND INSTITUTE PURPOSE: CHARITY | $4,000 |
ITP INTERNATIONAL PURPOSE: CHARITY | $1,000 |
NEW YORK LIVE ARTS INC PURPOSE: CHARITY | $4,000 |
FRIENDS OF ECOLE POLYTECHNIQUE PURPOSE: CHARITY | $10,000 |