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Edgar L Rhodes Perpetual Fund is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 2017. The principal officer is Bank Of America Na Ttee. It holds total assets of $618K. Annual income is reported at $314K. The foundation is governed by 2 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 2019 to 2024. According to available records, Edgar L Rhodes Perpetual Fund has made 6 grants totaling $152K, with a median grant of $16K. Annual giving has grown from $23K in 2021 to $129K in 2023. Individual grants have ranged from $5K to $52K, with an average award of $25K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
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.
Edgar L Rhodes Perpetual Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in MA.
Edgar L Rhodes Perpetual Fund has distributed a total of $152K across 6 grants. The median grant size is $16K, with an average of $25K. Individual grants have ranged from $5K to $52K.
Edgar L Rhodes Perpetual Fund typically selects its grantees rather than accepting unsolicited proposals.
Edgar L Rhodes Perpetual Fund is headquartered in DALLAS, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $8K | $0 | $8K |
| George Rideout Jr | CO-TRUSTEE | $1K | $0 | $1K |
Total Giving
$35K
Total Assets
$612K
Fair Market Value
$689K
Net Worth
$612K
Grants Paid
$24K
Contributions
N/A
Net Investment Income
$22K
Distribution Amount
$31K
Total Grants
6
Total Giving
$152K
Average Grant
$25K
Median Grant
$16K
Unique Recipients
2
Most Common Grant
$52K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gordon CollegeUNRESTRICTED GENRAL SUPPORT | Wenham, MA | $52K | 2023 |
| New England Baptist HospitalUNRESTRICTED GENERAL | Roxbury Xing, MA | $13K | 2023 |