Annual Report
Financial Statement:
Summary of Account Covering the Period November 20, 2022 to September 30, 2023
Investments on Hand
| Principal | Market Value 9/30/22 | Market Value 09/30/23 |
|---|---|---|
| Stock | $47,677,545 | $55,760,023 |
| Bonds | $16,418,283 | $17,609,288 |
| Cash | $1,520,260 | $414,281 |
| Alternatives | $0 | $0 |
| Total | $65,616,088 | $73,783,592 |
Application of Funds During Year Ended 9/30/23
| Income Collected | $4,908,512 |
| Plus Net Transfer from Principal | $1,712,922 |
| Total | $6,621,434 |
| Payments of Charitable Commitments | $1,852,398 |
Other Amounts Disbursed During Year Ended 9/30/23
| Trustee Commissions (JPM) | $349,432 |
| Federal Excise Tax | $63,207 |
| Other Admin Expenses | $469,483 |
| Subtotal | $882,122 |
| Total | $2,734,520 |
Quick Snapshot:
Purpose and Activities
Grants for independent secondary education only. Independent secondary schools must hold membership in the National Association of Independent Schools (NAIS) to be eligible for consideration.
Limitations
Giving limited to the U.S. and its protectorates. No support for public, elementary or college-level schools, independent schools holding membership in NAIS grades K-8 only, schools that have been applicants in the last four years or schools that do not have individual membership in NAIS. No grants to individuals, or for emergency funds or deficit financing.
Financial Data
Assets (as of June 2024): $86,034,980
From November 2023-June 2024: 20 grants were made totaling $2,200,000. Success rate of 77%. Average grant size $103,750.
Donor: Edward E. Ford
Trust: Established in 1957
Foundation Type: Independent
Types of Support: See Past Grant Recipients
Trustee: JP Morgan Chase Bank