Mary Duke Biddle Foundation
- Assets
- $45.3m
- Revenue
- $5.6m
- Investments
- $43.7m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 06/1958
- Data as of
- 12/2021
- EIN
- 13-6068883
Organization Overview
Mary Duke Biddle Foundation is located in Durham, NC. The organization was established in 1958. 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. Mary Duke Biddle 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, Mary Duke Biddle Foundation generated $5.6m 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 (3.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mary Duke Biddle Foundation has awarded 354 individual grants totaling $6,977,098. 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 |
|---|---|---|---|
Margaret Mimi O'brien Executive Director | 40 | $173,925 | |
C Russell Bryan Vice President | 5 | $4,000 | |
Dr Yomi Adigun Trustee | 5 | $4,000 | |
Lois Deloatch Trustee | 5 | $4,000 | |
N Allison Haltom Secretary | 5 | $4,000 | |
Ben Jones Chair | 5 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $33,116 |
| Dividends & Interest | $450,735 |
| Net Rental Income | -$11,037 |
| Net Gain on Sale of Assets | $4,318,730 |
| Capital Gain Net Income | $4,318,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $804,254 |
| Total Revenue | $5,621,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $211,145 |
| Other employee salaries and wages | $62,276 |
| Pension plans, employee benefits | $34,583 |
| Interest | $17,356 |
| Taxes | $51,735 |
| Depreciation | $156 |
| Occupancy | $32,313 |
| Travel, conferences, and meetings | $1,490 |
| Printing and publications | $0 |
| Other expenses | $622,807 |
| Total operating and administrative expenses | $1,076,763 |
| Contributions, gifts, grants paid | $1,297,500 |
| Total expenses and disbursements | $2,374,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,829 |
| Savings and temporary cash investments | $1,549,174 |
| 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 | $43,699,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,920 |
| Total assets | $45,285,610 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Mary Duke Biddle Foundation has awarded $1,497,500 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY TRINITY COLLEGE OF ARTS & SCIENCES PURPOSE: TRINITY COLLEGE OF ARTS & SCIENCES BIDDLE ARTS INITIATIVES FOR 2021 | $252,000 |
DUKE UNIVERSITY- NASHER MUSEUM OF ART PURPOSE: NASHER MUSEUM OF ART: EDUCATION, INTERNSHIP, EXHIBITIONS AND SOFTWARE SUPPORT | $105,000 |
DUKE UNIVERSITY - DUKE PERFORMANCES PURPOSE: 1) HUNGRY RIVER, A NEW SONG CYCLE BY TIFT MERRITT AND ALLISON RUSSELL EXPLORING THE HISTORY OF GOLDSBOROS CHERRY HOSPITAL; 2) ZODIAC SUITE, A MULTIDISCIPLINARY EXPLORATION OF MARY LOU WILLIAMS 1945 MASTERWORK BY JAZZ PIANIST CHRIS PATISHALL | $63,000 |
UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION PURPOSE: UNCSA DEANS DISCRETIONARY AND CREATIVE EXCELLENCE FUND | $60,000 |
Siler City, NC PURPOSE: 2021 COVID RELIEF | $55,000 |
DUKE UNIVERSITY HEALTH SYSTEM - ARTS & HEALTH PURPOSE: THE ARTIST IN RESIDENCE PROGRAM PROVIDES LIVE MUSIC FOR PATIENTS AT THE BEDSIDE, AND IN PUBLIC SPACES, AT DUKE UNIVERSITY HOSPITAL. | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |