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Charles And Barbara Close Foundation is a private trust based in RADNOR, PA. The foundation received its IRS ruling in 2010. The principal officer is Haverford Trust Company. It holds total assets of $4.3M. Annual income is reported at $2.1M. Total assets have grown from $3.6M in 2011 to $4.5M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Pennsylvania. According to available records, Charles And Barbara Close Foundation has made 8 grants totaling $2.2M, with a median grant of $289K. Individual grants have ranged from $10K to $500K, with an average award of $272K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$28K
Average Grant
$163K
Largest Grant
$588K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Charles And Barbara Close Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in PA.
Charles And Barbara Close Foundation has distributed a total of $2.2M across 8 grants. The median grant size is $289K, with an average of $272K. Individual grants have ranged from $10K to $500K.
Charles And Barbara Close Foundation typically selects its grantees rather than accepting unsolicited proposals.
Charles And Barbara Close Foundation is headquartered in RADNOR, PA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jim Berneski | TRUSTEE | $22K | $0 | $22K |
| William Mckernan | TRUSTEE | $22K | $0 | $22K |
| Frederick Padden | TRUSTEE | $22K | $0 | $22K |
| Mike Doyle | TRUSTEE | $22K | $0 | $22K |
Total Giving
$968K
Total Assets
$4.5M
Fair Market Value
$7.9M
Net Worth
$4.5M
Grants Paid
$825K
Contributions
N/A
Net Investment Income
$689K
Distribution Amount
$390K
Total: $4.2M
Total Grants
8
Total Giving
$2.2M
Average Grant
$272K
Median Grant
$289K
Unique Recipients
3
Most Common Grant
$500K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Drexel UniversityCLOSE FOUNDATION DESIGNATED | Philadelphia, PA | $500K | 2022 |
| Drexel University - David O'BrienENTREPRENEURSHIP IN | Philadelphia, PA | $280K | 2022 |
| Friends Of Saint MalachyUNRESTRICTED | Philadelphia, PA | $10K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA