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Patricia Adsit Foundation Inc. is a private corporation based in FORT WAYNE, IN. The foundation received its IRS ruling in 2016. It holds total assets of $4.8M. Annual income is reported at $1.6M. Total assets have grown from $576K in 2015 to $4.8M in 2023. The foundation is governed by 7 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 Indiana. According to available records, Patricia Adsit Foundation Inc. has made 17 grants totaling $965K, with a median grant of $3K. Annual giving has grown from $108K in 2021 to $408K in 2023. Grantmaking activity was highest in 2022 with $448K distributed across 3 grants. Individual grants have ranged from $150 to $445K, with an average award of $57K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Indiana and New Mexico. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$149K
Largest Grant
$445K
Based on 3 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.
Patricia Adsit Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in IN, NM.
Patricia Adsit Foundation Inc. has distributed a total of $965K across 17 grants. The median grant size is $3K, with an average of $57K. Individual grants have ranged from $150 to $445K.
Patricia Adsit Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Patricia Adsit Foundation Inc. is headquartered in FORT WAYNE, IN. While based in IN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George Donner | Treasurer | $0 | $0 | N/A |
| Robert Nance | President | $0 | $0 | N/A |
| Katherine Moenter | Director | $0 | $0 | N/A |
| Marjorie Gamble | Secretary | $0 | $0 | N/A |
| Patricia Mae Adsit | Director | $0 | $0 | N/A |
| Jeanne E Longsworth | Director | $0 | $0 | N/A |
| Tanya August | Director | $0 | $0 | N/A |
Total Giving
$450K
Total Assets
$4.8M
Fair Market Value
$5.7M
Net Worth
$4.8M
Grants Paid
$408K
Contributions
$1.5M
Net Investment Income
$114K
Distribution Amount
$259K
Total: $4.5M
Total Revenue
$1.6M
990PF · 2023
Total Expenses
$450K
990PF · 2023
Total Assets
$4.8M
990PF · 2023
Net Assets
$4.8M
990PF · 2023
Total Grants
17
Total Giving
$965K
Average Grant
$57K
Median Grant
$3K
Unique Recipients
12
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Heartland Sings IncSupport | Fort Wayne, IN | $375K | 2023 |
| Fort Wayne Museum Of ArtSupport | Fort Wayne, IN | $25K | 2023 |
| Plymouth Congregational Church Of Fort WayneSupport | Fort Wayne, IN | $8K | 2023 |
| Heartland SingsSupport | Fort Wayne, IN | $445K | 2022 |
| ScanSupport | Fort Wayne, IN | $15K | 2021 |
| American Red Cross Of Northeast IndianaSupport | Fort Wayne, IN | $5K | 2021 |
| Cancer Services Of Northeast IndianaSupport | Fort Wayne, IN | $3K | 2021 |
| Habitat For HumanitySupport | Fort Wayne, IN | $2K | 2021 |
| Humane Fort WayneSupport | Fort Wayne, IN | $2K | 2021 |
| Positive Resource ConnectionSupport | Fort Wayne, IN | $1K | 2021 |
| Center For Action And ContemplationSupport | Albuquerque, NM | $500 | 2021 |
| 891 WboiSupport | Fort Wayne, IN | $150 | 2021 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN