T P Stathis Foundation

The T P Stathis Foundation is a private independent foundation located in West Chester, Pennsylvania, United States. It operates under the Employer Identification Number (EIN) 25-6715011, though some sources may list it as 256715011. The foundation is classified under the National Taxonomy of Exempt Entities (NTEE) code for philanthropy, voluntarism, and grantmaking foundations.

History

The T P Stathis Foundation was established in 2000 as a private foundation. Private foundations like this are set up to make charitable donations to other organizations rather than directly operating charitable programs themselves.

Financial Overview

The foundation generates revenue primarily through the sale of assets and dividends. In recent years, it has not received any contributions. For example, in fiscal year 2023, its notable revenue sources included:

• Dividends: Approximately $85,633, or 19.0% of total revenue.
• Sales of Assets: Approximately $365,978, or 81.0% of total revenue[1].

In the same year, the foundation's total expenses were largely dedicated to charitable disbursements, amounting to $265,720, which represented 81.6% of total expenses[1]. During 2023, the foundation provided a total of $262,000 in grants[3].

As of fiscal year 2023, the foundation held total assets of approximately $3,032,737 with no reported liabilities[1].

Trustee and Governance

Peter N. Stathis serves as a trustee of the foundation, with no compensation reported for this position in recent years[1].

Grantmaking Activities

The T P Stathis Foundation focuses its grantmaking efforts on supporting charitable organizations. It has provided funding to organizations such as St. Michael's Home[2]. While specific details about its grantmaking criteria are not widely available, the foundation's activities align with general philanthropic goals in the U.S. non-profit sector.

Tax Deductibility

Donations to the T P Stathis Foundation are tax-deductible[1], which is consistent with most private foundations in the U.S. that operate for charitable purposes.

[1] https://projects.propublica.org/nonprofits/organizations/256715011 [2] https://www.causeiq.com/organizations/t-p-stathis-foundation,256715011/ [3] https://www.instrumentl.com/990-report/t-p-stathis-foundation [4] https://www.guidestar.org/profile/25-6715011 [5] https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=STAT031