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THOMAS LYLE WILLIAMS TRUST BESSEMER TRUST COMPANY NA

NEW YORK, NY · EIN 366673112 · Form 990PF · FY2024 · NTEE P240 · Human Services · Large ($10M-$50M)
revenue
$12.6M
expenses
$2.2M
net assets
$143.6M
employees
profile · synthesized from sources

Private foundation established to distribute charitable funds, primarily supporting national human services organizations. The trust makes substantial grants to large nonprofits such as CARE Inc and The Salvation Army for general exempt purposes. Based in New York, it operates as a grantmaking entity with no direct service programs described.

named programs · 1 · from sources

What they call their work

General Exempt Purpose Grants
Distributes unrestricted grants to qualified charitable organizations operating in the human services sector, with a focus on national nonprofits
activities · 2 groups

What they do

  • General Operating Support Grants 1 activity
    • Funding CARE Inc for general exempt purposes
      Provides multi-year grants to CARE Inc to support general exempt purposes, with annual grant amounts ranging from $5.9 million to $6.6 million as reported in IRS Form 990 filings.
  • General Support Grants to The Salvation Army 1 activity
    • Funding The Salvation Army for general exempt purposes
      Provides multi-year grants to The Salvation Army to support general exempt purposes, with annual grant amounts ranging from $2.9 million to $3.3 million as reported in IRS Form 990 filings.
financials · form 990PF · fy2024
revenue
Total revenue$12.64M
Contributions & grants
Program service revenue
Investment income$3.17M25%
Other revenue$9.46M
expenses
Total expenses$2.22M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$275K
Grants paid out$9.53M
balance sheet
Total assets$143.58M
Cash
Investments
Liabilities
Net assets$143.58M
4 years on record · 2020–2024 · YoY revenue +155.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
BESSEMER TRUST COMPANY NA CO-TRUSTEE 10 $184K
ALSTON P WATT CO-TRUSTEE 2 $46K
ASHLYN E WILLIAMS CO-TRUSTEE 2 $46K
relationships · 2

Who they work with

  • CARE INC Partner — Receives grants from the trust for general exempt purposes.
  • SALVATION ARMY Partner — Receives grants from the trust for general exempt purposes.