Titus-Will Families Foundation
- Assets
- $2.8m
- Revenue
- $251.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 91-1659510
Organization Overview
Titus-Will Families Foundation is located in Tacoma, WA. The organization was established in 1995. 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. Titus-Will Families 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 12/2022, Titus-Will Families Foundation generated $251.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $175.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Titus-Will Families Foundation has awarded 269 individual grants totaling $1,012,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Will President/trustee | 0 | $0 | |
Joanne S Titus Thompson Trustee | 0 | $0 | |
Julie Tash Vice President/trustee | 0 | $0 | |
Stephen Anderson Treasurer/secretary/truste | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,289 |
| Capital Gain Net Income | $2,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $251,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,319 |
| Total operating and administrative expenses | $26,950 |
| Contributions, gifts, grants paid | $148,000 |
| Total expenses and disbursements | $174,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,992 |
| Net Accounts receivable | $800 |
| 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 | $2,579,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,779,435 |
| Accounts payable and accrued expenses | $800 |
| 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 | $800 |
Grants Awarded
Over the last fiscal year, Titus-Will Families Foundation has awarded $148,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF THURSTON COUNTY PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $15,000 |
COLLEGE SUCCESS FOUNDATION PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $2,000 |
EDGE FOUNDATION PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $3,000 |
EMERGENCY FOOD NETWORK PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $8,000 |
FRANCISCAN FOUNDATION - LEON TITUS MEMORIAL PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $5,000 |
FT LEWIS FISHER HOUSE PURPOSE: SUPPORT OF ACTIVITIES AND OPERATIONS | $5,000 |