Quercus Fund Inc
- Assets
- $17.5m
- Revenue
- $759.6k
- Investments
- $17.1m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/2001
- Data as of
- 07/2024
- EIN
- 13-4156738
Organization Overview
Quercus Fund Inc is located in Palm Beach, FL. The organization was established in 2001. 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. Quercus Fund 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 07/2024, Quercus Fund Inc generated $759.6k 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 (10.7%) each year. All expenses for the organization totaled $945.6k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Quercus Fund Inc has awarded 14 individual grants totaling $4,945,000. 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 |
|---|---|---|---|
Elisabeth C Dudley President, Director | 1 | $0 | |
Henry C Dudley Vice President, Treasurer, Director | 1 | $0 | |
Sarah Dudley Plimpton Vice President, Director | 1 | $0 | |
Jane C Dudley Vice President, Director | 1 | $0 | |
Frank E Shanley Assistant Treasurer, Director | 1 | $0 | |
Irina Fayman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $198,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $557,624 |
| Capital Gain Net Income | $557,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,958 |
| Total Revenue | $759,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,124 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,015 |
| Total operating and administrative expenses | $108,064 |
| Contributions, gifts, grants paid | $837,500 |
| Total expenses and disbursements | $945,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $460,859 |
| 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 | $17,514,947 |
| 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, Quercus Fund Inc has awarded $837,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHSTEAD FOUNDATION INC PURPOSE: RESEARCH & EDUCATION | $487,500 |
CONNECTICUT NEWS PROJECT INC PURPOSE: RESEARCH & EDUCATION | $50,000 |
MARK TWAIN LIBRARY PURPOSE: EDUCATION | $50,000 |
RVNA HEALTH DEPARTMENT PURPOSE: HEALTHCARE | $250,000 |