Downey Family Charitable Foundation
- Assets
- $6.2m
- Revenue
- $282.0k
- Investments
- $6.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 04-3542759
Organization Overview
Downey Family Charitable Foundation is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Downey Family Charitable Foundation 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, Downey Family Charitable Foundation generated $282.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $511.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Downey Family Charitable Foundation has awarded 88 individual grants totaling $1,586,400. 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 |
|---|---|---|---|
Walter L Downey Trustee | 0 | $0 | |
Doris R Downey Trustee | 0 | $0 | |
Alicia L Downey Co Bingham Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,163 |
| Capital Gain Net Income | $182,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $281,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $665 |
| Total operating and administrative expenses | $100,487 |
| Contributions, gifts, grants paid | $411,000 |
| Total expenses and disbursements | $511,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,642 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,155,297 |
| 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, Downey Family Charitable Foundation has awarded $411,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON ACADEMY PURPOSE: EDUCATIONAL | $15,000 |
BOSTON DANCE ALLIANCE PURPOSE: CHARITABLE | $10,000 |
EPIPHANY SCHOOL PURPOSE: EDUCATIONAL | $40,000 |
CATHEDRAL HIGH SCHOOL PURPOSE: EDUCATIONAL | $55,000 |
MISSION GRAMMAR SCHOOL PURPOSE: EDUCATIONAL | $30,000 |
MOTHER CAROLINE ACADEMY PURPOSE: EDUCATIONAL | $40,000 |