Vincent Dowling Family Foundation Inc
- Assets
- $26.7m
- Revenue
- $2.2m
- Investments
- $14.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 02-0709433
Organization Overview
Vincent Dowling Family Foundation Inc is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vincent Dowling Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Vincent Dowling Family Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $576.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vincent Dowling Family Foundation Inc has awarded 231 individual grants totaling $10,575,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexanderson Jane Bourdon VP | 1 | $0 | |
Jane C Dowling VP | 1 | $0 | |
Porter R Dowling VP | 1 | $0 | |
Veronica Dowling VP | 1 | $0 | |
Vincent J Dowling VP | 1 | $0 | |
Vincent J Dowling III VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,490 |
| Dividends & Interest | $262,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,670 |
| Capital Gain Net Income | $345,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,555,183 |
| Total Revenue | $2,166,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,918 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $290,558 |
| Total operating and administrative expenses | $347,595 |
| Contributions, gifts, grants paid | $228,750 |
| Total expenses and disbursements | $576,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,798,602 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $7,942,527 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,559,212 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,684,719 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Vincent Dowling Family Foundation Inc has awarded $228,750 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT FIRST INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
AQUINAS AT DARTMOUTH INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
AVON OLD FARMS SCHOOL INC PURPOSE: INSPIRING BOYS BUILDING MEN CAMPAIGN | $25,000 |
CHARTER OAK AMATEUR BOXING ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
HARTFORD YOUTH SCHOLARS FOUNDATION INC PURPOSE: YOUNG GLOBAL SCHOLARS PROGRAM SCHOLARSHIP FUND | $10,500 |
KINGSWOOD OXFORD SCHOOL INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |