Aspen Trust
- Assets
- $15.6m
- Revenue
- $9.6m
- Investments
- $15.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Aspen Trust generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $382.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
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 | |
Name Not Listed Trust Admini | 0 | $0 | |
Patricia Terdjman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,680,155 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,939,482 |
| Total Revenue | $9,619,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,786 |
| Total operating and administrative expenses | $17,592 |
| Contributions, gifts, grants paid | $365,000 |
| Total expenses and disbursements | $382,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,000 |
| 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 | $15,612,917 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,632,917 |
| 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 | $129,327 |
| Total liabilities | $153,827 |
Grants Awarded
Over the last fiscal year, Aspen Trust has awarded $365,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL SUPPORT | $248,000 |
PARASITE ART SPACE LIMITED PURPOSE: AWARD ARTISTS, CURATORS, WRITERS, FI | $95,000 |
Eldersburg, MD PURPOSE: CHARITY | $4,000 |
SYNGAP RESEARCH FUND PURPOSE: CHARITY | $4,000 |
Berkeley, CA PURPOSE: CHARITY | $4,000 |
GLIDE FOUNDATION PURPOSE: CHARITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |