Deutsche Bank Americas Foundation
- Assets
- $38.9m
- Revenue
- $11.0m
- Investments
- $24.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 13-3321736
Organization Overview
Deutsche Bank Americas Foundation is located in New York, NY. The organization was established in 1987. 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. Deutsche Bank Americas 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 12/2021, Deutsche Bank Americas Foundation generated $11.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Deutsche Bank Americas Foundation has awarded 24 individual grants totaling $3,041,667. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES LOANS AT FAVORABLE INTEREST RATES TO EXEMPT 501(C)(3) AND OTHER ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alessandra Digiusto Ed & Treasurer | 20 | $0 | |
Gary Beyer Co-Chairman & Director | 1 | $0 | |
Roelfien Kuijpers Director | 1 | $0 | |
Lareena Hilton Co-Chairman | 1 | $0 | |
Christiana Riley Director | 1 | $0 | |
Jim Baek Director (until 07/21) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deutsche Bank Wealth Management | 12/30/21 | $131,379 |
Madison Consulting | 12/30/21 | $93,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,207,545 |
| Interest on Savings | $95 |
| Dividends & Interest | $620,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $948,403 |
| Capital Gain Net Income | $948,403 |
| Net ST Capital Gain | $0 |
| Income Modifications | $639,997 |
| Profit on Inventory Sales | $0 |
| Other Income | $244,136 |
| Total Revenue | $11,020,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,186 |
| Total operating and administrative expenses | $358,217 |
| Contributions, gifts, grants paid | $9,210,856 |
| Total expenses and disbursements | $9,569,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,759,992 |
| Savings and temporary cash investments | $1,440,475 |
| 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 | $11,426,785 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,684,145 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,867,163 |
| 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, Deutsche Bank Americas Foundation has awarded $3,041,667 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $166,667 |
Columbia, MD PURPOSE: GENERAL SUPPORT | $150,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $125,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $125,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |