Leon P Widger Trust in Providence, Rhode Island (RI)

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Leon P Widger Trust
Employer Identification Number (EIN)020495628
Name of OrganizationLeon P Widger Trust
In Care of NameFleet Bank
AddressPO BOX 1802, Providence, RI 02901-1802
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date05/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$891,396
Amount of Income$126,202
Form 990 Revenue Amount$100,892
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2013: $126,202 (it was $362,725 in 2012)
This organization: 

 $126,202
Other organizations performing similar types of work: 

 $120,021

Assets in 2013: $891,396 (it was $900,870 in 2012)
This organization: 

 $891,396
Other organizations performing similar types of work: 

 $470,342

Expenses in 2012: $55,721
Leon P Widger Trust: 

 $55,721
Other organizations performing similar types of work: 

 $61,754

Income to expenses ratio in 2012: 2.3
Leon P Widger Trust: 

 2.3
Other organizations performing similar types of work: 

 2.0

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$63,271$63,271$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$27,905
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$35,366
Total expenses and disbursements$55,721$7,556$0$44,965
Compensation of officers, directors, trustees, etc.$11,856
Total operating and administrative expenses$16,508$7,556$5,752
Contributions, gifts, grants paid$39,213
Excess of revenue over expenses and disbursements$7,550
Net investment income$55,715
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$900,870$980,066
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$25,664
Investments-corporate stock$869,403
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$4,844
Other$959
Total liabilities$0
Total liabilities and net assets/fund balances$900,870
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$35,366
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,114
Total credits and payments$1,900
2012 estimated tax payments and 2011 overpayment credited to 2012$1,900
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$786
Amount to be credited to 2013 estimated tax$786
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?Yes
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$983,073
Net value of noncharitable-use assets$968,320
Minimum investment return$48,416
Distributable Amount (for 2012)
Distributable amount$47,302
Undistributed Income (for 2012)
Distributable amount for 2012$47,302
Undistributed income for 2012. This amount must be distributed in 2013$9,138
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$2,421,424,778
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$73,215,117
3Buttonwood Foundation Inc11 Wall St 21st Fl, New York, NY 10005-1905NY1964-08$2,664,142
4Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$1,615,248
5Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
6Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$973,740
7Nagda Foundation Inc150 Se 17th St Suite 400, Ocala, FL 34471FL1992-07$101,423
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$3,105
9Gertrude & Walter Swanson Jr FoundationPO BOX 1802, Providence, RI 02901-1802RI1995-05$6,713,327
10Lange Burk FundPO BOX 1802, Providence, RI 02901-1802RI1997-02$2,816,892
11Hecht Memorial FundPO BOX 1802, Providence, RI 02901-1802RI1983-07$2,444,606
12Florence Robertson FundPO BOX 1802, Providence, RI 02901-1802RI1974-06$2,137,513
13G Walter Woodworth Charitable Remainder UnitrustPO BOX 1802, Providence, RI 02901-1802RI1998-03$1,710,639
14Fnz Foundation Inc160 Webster St, Newport, RI 02840-6913RI1996-11$753,220
15Harry And Ruth Witte TrustPO BOX 1802, Providence, RI 02901-1802RI1995-04$552,562
16Brauchler-Collins Charitable Foundation19 Walcott Ave, Jamestown, RI 02835-2937RI1995-02$451,141
17Manley-Winser Foundation 137 11542007PO BOX 1802, Providence, RI 02901-1802RI1984-05$347,736
18O B & A L Oconner Education FundPO BOX 1802, Providence, RI 02901-1802RI1998-04$189,477
19John W Adamy Trust Uw Fbo, Zion Evangelical Lutheran ChurchPO BOX 1802, Providence, RI 02901-1802RI1997-09$182,210
20Leon P Widger TrustPO BOX 1802, Providence, RI 02901-1802RI1998-05$126,202
Number of organizations performing similar types of work
Alabama57
Arkansas13
Arizona25
California194
Colorado52
Connecticut33
District of Columbia19
Delaware17
Florida265
Georgia95
Hawaii12
Iowa17
Idaho7
Illinois126
Indiana58
Kansas19
Kentucky18
Louisiana33
Massachusetts75
Maryland77
Maine8
Michigan100
Minnesota45
Missouri17
Mississippi18
Montana7
North Carolina122
North Dakota2
Nebraska18
New Hampshire11
New Jersey112
New Mexico4
Nevada17
New York230
Ohio138
Oklahoma29
Oregon20
Pennsylvania166
Rhode Island22
South Carolina27
South Dakota2
Tennessee51
Texas160
Utah24
Virginia74
Vermont8
Washington23
Wisconsin52
West Virginia16
Wyoming7
International2
Total2,744

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