Public Charity

J W ELLSWORTH ENDOWMENT TRUST

J W ELLSWORTH ENDOWMENT TRUST, of BROOKLYN, OH, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.9M in revenue, $304K in expenses, $38.2M in total assets. IRS filings disclose 2 grants awarded by this foundation, totaling roughly $8.2M.

EIN: 346501094 BROOKLYN, OH Latest filing: 2024
Total Revenue$1.9M
Total Expenses$304K
Total Assets$38.2M
Grants Given2
Grant Total$8.2M
Filing Years2019–2024

Mission

GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED DECEMBER 21, 1923. KEYBANK,AS TRUSTEE, MAKES DISTRIBUTIONS FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES. SPECIFICALLY, TO MAINTAIN AND OPERATE AN INSTITUTION OF LEARNING FOR BOYS AND YOUNG MEN THAT THEY MAY BE PREPARED TO BE USEFUL CITIZENS OF THE REPUBLIC, AND IN ADDITION TO THE USUAL CURRICULUM COMPRISING THE CLASSICS, HUMANITIES, AND SCIENCES, TO MAINTAIN A DEPARTMENT OF AGRICULTURE. IT SHALL BE THE PURPOSE OF THE SCHOOL TO AVOID AS FAR AS POSSIBLE THE DEFECTS OF MODERN EDUCATIONAL METHODS. STUDENTS SHALL BE DEVELOPED BY INSISTENCE ON THE MASTERY OF FUNDAMENTAL SUBJECTS OF STUDY. SCIENTIFIC RESEARCHES CONDUCTED BY MEMBERS OF THE FACULTY ARE TO BE ENCOURAGED. STUDENTS WITH LIMITED MEANS SHALL BE PERMITTED AND THE TUITION TO BE CHARGED TO STUDENTS SHALL AT ALL TIMES BE MAINTAINED WITH THAT OBJECT IN VIEW. KEYBANK MAINTAINS A RESPONSIVENESS TO THE

Sample Grants Given

HUDSON, OH · 2023
GRANTS MADE FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE SCHOOL. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES.
$5,331,150
HUDSON, OH · 2022
GRANTS MADE FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE SCHOOL. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES.
$2,831,899

Showing up to 5 of 2 total records — full history available with membership.

Top Grant Purposes

GRANTS MADE FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE SCHOOL. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES.
$8,163,049 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.9M $304K $38.2M
2023 $980K $5.6M $37.2M
2022 $4.7M $3.0M $41.9M
2020 $203K $2.4M $35.0M
2019 $4.2M $3.4M $37.3M

Between 2019 and 2024, reported annual revenue declined from $4.2M to $1.9M (-55%), with total assets most recently reported at $38.2M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in OH.

OH

Full geographic grant map with state-by-state breakdown available with membership.

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