Trust for the Diocese of Penna

PAOLI, PA EIN: 23-6409728

Trust for the Diocese of Penna is a private foundation, based in PAOLI, PA. IRS filing data is available for 2020. In 2020, it awarded 3 grants totaling $1.0M. Net investment income was $28K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$1.0M

Grant Count

Avg Grant Size

$344K

Under IRS private-foundation payout rules, Trust for the Diocese of Penna reported a distributable amount of $50K for 2020 — the minimum it must pay out in qualifying distributions.

About Trust for the Diocese of Penna

Based on IRS filings

Trust for the Diocese of Penna is a private foundation, based in PAOLI, PA. IRS filing data is available for 2020. In 2020, it awarded 3 grants totaling $1.0M. Net investment income was $28K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $1.0M (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$35,654
Expenses	$1,057,430
Qualifying Distributions	—
Net Investment Income	$28,428
Distributable Amount	$50,213

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2020

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Diocese of Pennsylvania ($782,968), Diocese of Pennsylvania ($225,624), Diocese of Pennsylvania ($24,755).

Recipient	Purpose	Amount
DIOCESE OF PENNSYLVANIA PHILADELPHIA, PA	FBO RECIPIENT	$24,755
DIOCESE OF PENNSYLVANIA PHILADELPHIA, PA	FBO RECIPIENT (STATEMENT A: VARIOUS SECURITIES: DISTRIBUTION OF ASSETS IN COMPLETE TERMINATION)	$782,968
DIOCESE OF PENNSYLVANIA PHILADELPHIA, PA	FBO RECIPIENT (STATEMENT A: DISTRIBUTION OF CASH IN COMPLETE TERMINATION)	$225,624

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
LUCY B NEWLIN SELLERS	TRUSTEE	—	—
WILLIAM VERPLANK NEWLIN	TRUSTEE	—	—

Frequently Asked Questions

Where does Trust for the Diocese of Penna operate?

Trust for the Diocese of Penna has awarded grants in Pennsylvania.

What size grants does Trust for the Diocese of Penna award?

In 2020, Trust for the Diocese of Penna awarded 3 grants totaling $1.0M — an average of about $344K per grant, based on its IRS Form 990 filings.

How much is Trust for the Diocese of Penna required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Trust for the Diocese of Penna reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.