705 Walnut Avenue Foundation Inc
705 Walnut Avenue Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTOWN SQUARE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 9 grants totaling $252K. Net investment income was $176K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-3.7% YoY
Annual Giving
$252K
+47.6% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$28K
-18.0% YoY
Under IRS private-foundation payout rules, 705 Walnut Avenue Foundation Inc reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About 705 Walnut Avenue Foundation Inc
Based on IRS filings
705 Walnut Avenue Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTOWN SQUARE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 9 grants totaling $252K. Net investment income was $176K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,754,046 | $1,821,465 | $2,001,082 |
| Revenue | $210,709 | $39,318 | $55,174 |
| Expenses | $278,164 | $204,332 | $332,321 |
| Qualifying Distributions | $252,400 | $171,000 | $304,500 |
| Net Investment Income | $176,373 | $22,578 | $48,575 |
| Distributable Amount | $89,685 | $93,949 | $105,418 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Syracuse University ($66,400), Georgetown University ($50,000), Keuka College ($32,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Syracuse University Syracuse, NY | Scholarshipsfor students whomeet qualifications | $66,400 |
| VILLA MARIA ACADEMY HS MALVERN, PA | SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $25,000 |
| GENESEO KIWANIS FOUNDATION GENESEO, NY | CONTRIBUTION TO PROVIDE COMMUNITYSERVICES | $25,000 |
| UNIVERSITY OF HAMPSHIRE DURHAM, NH | SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $2,000 |
| UNIVERSITY OF SOUTH CAROLINA COLUMBIA, SC | SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICAIONS | $2,000 |
| KEUKA COLLEGE KEUKA PARK, NY | SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $32,000 |
| TEMPLE UNVERSITY PHILADELPHIA, PA | SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $25,000 |
| GEORGETOWN UNIVERSITY WASHINGTON, DC | SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $50,000 |
| KULA CARES BOCA RATON, FL | CONTRIBUITIONTO SUPPORT SCHOOLACTIVITIES | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELISABETH NAUGHTON | VP / TREAS / DIR | 5 | — |
| CAREN IRONS | PRESIDENT / DIR | 5 | — |
| CHARLENE KURTZ | SEC / DIR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 705 Walnut Avenue Foundation Inc?
705 Walnut Avenue Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTOWN SQUARE, PA. It holds $1.8M in total assets as of 2024.
How large is 705 Walnut Avenue Foundation Inc?
As of 2024, 705 Walnut Avenue Foundation Inc holds $1.8M in total assets with $211K in annual revenue. It awarded 9 grants totaling $252K in 2024.
Where does 705 Walnut Avenue Foundation Inc operate?
705 Walnut Avenue Foundation Inc has awarded grants in California, District of Columbia, Delaware, Florida, Massachusetts, Maryland, New Hampshire, New York, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas.
What size grants does 705 Walnut Avenue Foundation Inc award?
In 2024, 705 Walnut Avenue Foundation Inc awarded 9 grants totaling $252K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is 705 Walnut Avenue Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 705 Walnut Avenue Foundation Inc reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 705 Walnut Avenue Foundation Inc's EIN?
705 Walnut Avenue Foundation Inc's EIN (Employer Identification Number) is 81-4608778. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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