The Devonshire Foundation Inc
- Assets
- $38.7m
- Revenue
- $5.2m
- Investments
- $32.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1951
- Data as of
- 12/2021
- EIN
- 04-6004808
Organization Overview
The Devonshire Foundation Inc is located in Boston, MA. The organization was established in 1951. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Devonshire 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 12/2021, Devonshire Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Devonshire Foundation Inc has awarded 322 individual grants totaling $20,656,344. 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 |
|---|---|---|---|
Weston Howland III President | 1 | $0 | |
Charles E Clapp III Treasurer | 1 | $0 | |
Susan Davidson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,844,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,376,902 |
| Capital Gain Net Income | $3,376,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,460 |
| Total Revenue | $5,222,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,304 |
| Total operating and administrative expenses | $604,131 |
| Contributions, gifts, grants paid | $3,035,375 |
| Total expenses and disbursements | $3,639,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,850 |
| Savings and temporary cash investments | $2,687,646 |
| 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 | $3,951,714 |
| Total assets | $38,706,243 |
| 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, The Devonshire Foundation Inc has awarded $3,276,439 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
MYSTIC RIVER WATERSHED ASSOCIATION PURPOSE: MYSTIC RIVER WATERSHED ASSOCIATION'S (MYRWA) THREE-YEAR GRANT SUPPORTS MYRWA TO BUILD A MORE ROBUST ANNUAL GIVING PROGRAM, AND TO PUT MYRWA IN A POSITION TO BE ABLE TO ARTICULATE THE IMPORTANCE OF THIS WORK FOR ALL OF ITS COMMUNITY MEMBERS. | $125,000 |
PHILANTHROPY MA PURPOSE: ANNUAL MEMBERSHIP | $12,750 |
SILVER LINING MENTORING PURPOSE: SILVER LINING MENTORINGS (SLM) THREE-YEAR GRANT SUPPORTS INCREASING ITS COMMUNICATIONS CAPACITY TO MEET THE MENTOR RECRUITMENT AND FUNDRAISING GOALS. | $185,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE (ARBORETUM YOUTH SCIENTISTS) PURPOSE: MATCHING GRANT | $25,000 |
COLLEGE BOUND DORCHESTER PURPOSE: COLLEGE BOUND DORCHESTER'S THREE-YEAR GRANT WILL SUPPORT CREATING AND SUSTAINING THE UNCORNERED APPRENTICESHIP PROGRAM. THIS PROGRAM WILL RECRUIT AND TRAIN INDIVIDUALS WHO HAVE PARTICIPATED IN THE UNCORNERED PROGRAM TO BECOME PROFESSIONAL COMMUNITY-BASED MENTORS. | $300,000 |
COMPANY ONE THEATRE PURPOSE: COMPANY ONE'S THREE-YEAR GRANT SUPPORTS AN INCREASE IN FUNDRAISING AND EARNED REVENUE. THROUGH THIS GRANT, COMPANY ONE WILL EXPAND ITS IN-SCHOOL AND COMMUNITY PROGRAM AS WELL AS INCREASE ITS INDIVIDUAL DONOR BASE. | $70,000 |