NonprofitsAndersen Tax Foundation

Community Foundations

Andersen Tax Foundation

NEW YORK, NY

Total revenue

$2.1M

Total expenses

$1.1M

Net assets

$6.2M

Grants received

$1.2M

9 grants

EIN

822795105

Tax year

2024

Mission

Established to allow the people of andersen tax llc to assist the geographical communities served.

Programs

2 programs

The foundation recognizes the importance of higher education in the development and refinement of an individual's current and future career responsibilities and skills. To this end, the foundation provides scholarship aid to the people of andersen and their family members. The purpose of the scholarship aid is to provide financial assistance, including use of educational grants, to eligible individuals seeking post-secondary education at accredited institutions. Individuals seeking scholarship aid applied for the program through a preestablish application which is disseminated through electronic, local office communication. Once completed, recipients are selected by the foundation's selection committee based on objective standards. The committee is a geographically diverse group consisting of twelve people. The committee reviews each scholarship application and administers scholarship aid to grantees based on financial need, academic merit, and scholastic achievement. The amount of scholarship aid awarded to each recipient varies based on the selection criteria, the number of eligible applicants and the amount of funds available. Individuals who are awarded scholarship aid either receive the funds directly or such funds are paid directly to the accredited institution for application towards the individual recipient's degree program. The foundation awarded forty-eight scholarships in 2024 ranging from $2,500 to $15,000.

Expenses: $451KGrants: $451K

To the extent the foundation cannot directly assist in local community efforts, it makes grants to other charities that are already directly assisting in these communities. This year the foundation made grants to organizations supporting communities in washington dc, virginia, texas, california, pennsylvania and new york regions. Additionally, the foundation made grants in support of efforts to support greater education initiatives in line with the foundation's mission.

Expenses: $524KGrants: $524K

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue
Investment income$216K
Other revenue
Total revenue$2.1M

Expenses

Grants paid$1.1M
Salaries & benefits
Fundraising
Other expenses$24K
Total expenses$1.1M
Total assets$6.4M
Net assets$6.2M

People

3 listed

NameRoleCompensation

JOSEPH P TOCE JR

TRUSTEE

Board

2.5 hrs/wk

MICHAEL VAN DE LOO

TRUSTEE

Board

2.5 hrs/wk

PEPPER AUSTIN

TRUSTEE

Board

2.5 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$201K
PUBLIC, SOCIETAL BENEFIT
2023
$32K
For grant recipient's exempt purposes
2023
$475K
GENERAL SUPPORT
2022
$102K
PUBLIC, SOCIETAL BENEFIT
2022
$14K
For grant recipient's exempt purposes
2022
$246K
PUBLIC, SOCIETAL BENEFIT
2021
$70K
For grant recipient's exempt purposes
2021
$70K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2020

Funded by

$1.2M from 3 funders · 9 grants · 2020–2023

Donor Advised Charitable Giving Inc

$549K · 3 grants · 2021–2023

The Blackbaud Giving Fund

$475K · 1 grant · 2022

Fidelity Investments Charitable Gift Fund

$196K · 5 grants · 2020–2023

Details

EIN822795105
NTEE codeT31
Subsection03
Ruling date2018-10
Formed2017
Employees0
Volunteers0
ANDERSEN TAX FOUNDATION — Mission, Financials & Grants Received | Grantivo