NonprofitsEdward Drummond Libbey Endowment Fund 20-10-211-0326880

Arts, Culture & Humanities

Edward Drummond Libbey Endowment Fund 20-10-211-0326880

BROOKLYN, OH

Total revenue

$1.8M

Total expenses

$2.7M

Net assets

$32.8M

Grants received

EIN

346400765

Tax year

2023

Mission

The E D Libbey Endowment Trust makes grants to the Toledo Museum of Art structured under the following funds. The endowment fund is for corporate purposes. The music fund is for building maintenance. The Art School fund is for construction and maintenance of a school for the fine arts. The residuary fund is for wages and art purchases. The trust was established through the will of E D Libbey. Keybank is agent for trustee.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue
Investment income$1.8M
Other revenue
Total revenue$1.8M

Expenses

Grants paid$2.6M
Salaries & benefits$3K
Fundraising
Other expenses$91K
Total expenses$2.7M
Total assets$32.8M
Net assets$32.8M

People

6 listed

NameRoleCompensation

CLINTON O LONGNECKER

TRUSTEE

Board

$3K

1 hrs/wk

THOMAS YOUNG

TRUSTEE

Board

1 hrs/wk

BETSY BRADY

TRUSTEE

Board

1 hrs/wk

DEKE WELLES

TRUSTEE

Board

1 hrs/wk

WILLIAM MCDONELL

TRUSTEE

Board

1 hrs/wk

DENNIS JOHNSON

CHAIRMAN AND CEO

Board

1 hrs/wk

Details

EIN346400765
NTEE codeA110
Subsection03
Ruling date1939-03
Formed1991
Employees0
EDWARD DRUMMOND LIBBEY ENDOWMENT FUND 20-10-211-0326880 — Mission, Financials & Grants Received | Grantivo