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THE MARGARET L WENDT FOUNDATION HOLDING
BUFFALO, NY · EIN 161479767 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$8.5M
expenses
$2.5M
net assets
$16K
employees
0
volunteers
3
mission · from form 990

GIFT, GRANT, PURCHASE, LEASE OR OTHERWISE ANY REAL OR PERSONAL PROPERTY, TO SELL, CONVEY, LEASE OR OTHERWISE DISPOSE OF ANY SUCH PROPERTY, TO COLLECT INCOME THEREFROM, AND REMIT SAID INCOME LESS EXPENDITURES TO THE MARGARET L. WENDT FOUNDATION, A RELATED 501(C)(3) ENTITY (PRIVATE FOUNDATION).

profile · synthesized from sources

The Margaret L Wendt Foundation Holding is a nonprofit entity based in Buffalo, NY, established to manage and hold property—real or personal—for the benefit of the Margaret L. Wendt Foundation, a related private foundation. Its primary function is to generate income through the acquisition, leasing, or disposal of property and to remit the net proceeds to its related foundation. It does not conduct direct public programs or services.

activities · 1 group

What they do

  • Endowment and Gift Fund Management 1 activity
    • Managing and generating income from real and personal property for grantmaking
      Acquires, manages, and disposes of real and personal property to generate income, which is remitted to the Margaret L. Wendt Foundation after expenses to support its grantmaking activities.
financials · form 990 · fy2024
revenue
Total revenue$8.45M
Contributions & grants$9.65M114%
Program service revenue$00%
Investment income$-1.20M-14%
Other revenue$5K
expenses
Total expenses$2.50M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$2.43M
Largest expense lineProfessional Fees
balance sheet
Total assets$16K
Cash$14K
Investments$0
Liabilities$0
Net assets$16K
Liquid reserves0.1 mo
4 years on record · 2020–2024 · YoY revenue +225159.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • CLAIRE KRESSE WHITE — TRUSTEE
  • JENNIFER DAY DOMANSKI — TRUSTEE
  • THOMAS D LUNT — TRUSTEE
relationships · 1

Who they work with

  • THE MARGARET L WENDT FOUNDATION Government — Related 501(c)(3) private foundation receiving income from the organization.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Financial Intermediary for Philanthropy
    methodology: financial_intermediary
    By managing and disposing of real and personal property, the organization generates and transfers financial resources to the Margaret L. Wendt Foundation, thereby enabling sustained grantmaking and charitable activities because it ensures a continuous flow of dedicated funding.