Acts Legacy Foundation Inc
- Assets
- $40.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 91-2161987
Organization Overview
Acts Legacy Foundation Inc is located in Fort Washington, PA. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Acts Legacy Foundation Inc 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, Acts Legacy Foundation Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 27.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Acts Legacy Foundation Inc has awarded 13 individual grants totaling $15,622,227. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND EXPAND PHILANTHROPIC EFFORTS OF THE ACTS COMMUNITIES AND THEIR AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTS LEGACY FOUNDATION, INC. SUSTAINED THE SAMARITAN FUNDS OF ACTS WHICH ARE PART OF THE FAMILY OF CHARITABLE FUNDS. THE FOUNDATION ALSO SUPPORTED THE BENEVOLENCE FUND OF THE DELAWARE COMMUNITIES AND HERON POINT. THESE FUNDS ASSURE FINANCIAL SECURITY FOR LIFECARE RESIDENTS. ACTS LEGACY FOUNDATION, INC. APPROVED AND ADMINISTERED FINANCIAL SUPPORT OF $1,953,244 FOR ASSISTANCE TOWARDS MONTHLY MAINTENANCE FEES FOR 77 RESIDENTS. CHARITABLE DONATIONS FOR THIS PURPOSE WERE $2,707,534 AND PROCEEDS FROM BENEFITS AND EVENTS WERE $219,786.
THE FAMILY OF CHARITABLE FUNDS AND HOSPICE FUND SUPPORT PROGRAMS THAT BENEFIT THE RESIDENTS AND EMPLOYEES OF THE ACTS COMMUNITIES. THESE INCLUDE THE MEMORY SERVICES SUPPORT PROGRAM, WHICH ENRICHES THE LIVES OF RESIDENTS LIVING WITH DEMENTIA RELATED ILLNESSES, THE DISCIPLE PROGRAM, WHICH PROVIDES FINANCIAL SECURITY FOR LIFECARE RESIDENTS WHO ARE RETIRED CLERGY OF ALL FAITHS, THE HOSPICE PROGRAM, WHICH SUPPORTS RESIDENTS AND FAMILIES WITH END-OF-LIFE CARE, AND PROGRAMS WHICH PROVIDE EMPLOYEES WITH EDUCATIONAL OPPORTUNITIES AND FINANCIAL SUPPORT FOR CATASTROPHIC LIFE EVENTS. ACTS LEGACY FOUNDATION, INC. APPROVED AND ADMINISTERED THE RELEASE OF $135,547 IN RESTRICTED USE DONOR FUNDS TO SUPPORT THESE PROGRAMS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $147,363.
SUPPORTING THE OPERATIONAL NEEDS OF THE ACTS COMMUNITIES THROUGH CHARITABLE GIVING PROVIDES DONORS WITH AN OPPORTUNITY TO SUPPORT THE PLANNED PROJECTS AND PROGRAMS THAT HELP TO MEET THE RESIDENTS' SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CULTURE OF LOVING KINDNESS. CHARITABLE GIVING ALSO ENRICHES THE WORK ENVIRONMENT, GIVING EMPLOYEES ADDITIONAL PROFESSIONAL DEVELOPMENT AND TRAINING OPPORTUNITIES. CHARITABLE DONATIONS IN THE AMOUNT OF $2,209,813 WERE RELEASED FOR PROGRAM SUPPORT AND ENHANCEMENTS, POSITIVELY IMPACTING THE LIVES OF OVER 10,200 RESIDENTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $2,032,830.
MISSION DEVELOPMENT SUPPORTS PHYSICAL EXPANSIONS AND IMPROVEMENTS TO THE ACTS COMMUNITIES WHICH DIRECTLY BENEFIT THE LIVES OF ACTS RESIDENTS. CHARITABLE DONATIONS IN THE AMOUNT OF $108,548 WERE RELEASED FOR MISSION DEVELOPMENT PROJECTS. CHARITABLE DONATIONS FOR THESE PURPOSES WERE $279,199. UNRESTRICTED GIFTS SUPPORT THE ACTS COMMUNITIES IN MANY WAYS INCLUDING CAPITAL PROJECTS, CAPITAL EQUIPMENT AND OPERATIONS. UNRESTRICTED CHARITABLE DONATIONS WERE $143,276.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen I Christiansen Director, President & Treasurer | OfficerTrustee | 2 | $0 |
Gerald T Grant Director & CEO | OfficerTrustee | 2 | $0 |
Hank Stack Director & Vice Chairman | OfficerTrustee | 0.5 | $0 |
Elric C Gerner Director & Secretary | OfficerTrustee | 0.4 | $0 |
Marvin Mashner Director & Chairman | OfficerTrustee | 0.75 | $0 |
Glenn D Fox Assistant Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,530 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,242,274 |
| Noncash contributions included in lines 1a–1f | $615,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,414,804 |
| Total Program Service Revenue | $279,866 |
| Investment income | $315,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,122,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,355,069 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $279,866 |
| Total functional expenses | $3,634,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $40,538,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,568,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,846,754 |
| Total liabilities | $15,846,754 |
| Net assets without donor restrictions | -$390,943 |
| Net assets with donor restrictions | $25,112,416 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,568,227 |
Grants Awarded
Over the last fiscal year, Acts Legacy Foundation Inc has awarded $3,355,069 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Washington, PA PURPOSE: RELEASE OF CONTRIBUTIONS RECEIVED FOR SUPPORTED ORGANIZATIONS | $3,343,103 |
Fort Washington, PA PURPOSE: RELEASE OF CONTRIBUTIONS RECEIVED FOR SUPPORTED ORGANIZATIONS | $11,966 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Acts Legacy Foundation Inc has recieved totaling $13,897.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: HUMAN SERVICES | $8,797 |
Stewart Family Foundation Media, PA PURPOSE: GENERAL | $2,500 |
Melvin R & Ada C Greiser Fdn Columbus, NC PURPOSE: GENERAL SUPPORT | $2,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $100 |
Endowment Analysis
| Beg. Balance | $2,613,922 |
| Earnings | $315,926 |
| Ending Balance | $2,929,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |