Deloitte Foundation
- Assets
- $59.1m
- Revenue
- $26.4m
- Investments
- $39.6m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 01/1943
- Data as of
- 05/2023
- EIN
- 13-6400341
Organization Overview
Deloitte Foundation is located in Stamford, CT. The organization was established in 1943. 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. Deloitte 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 05/2023, Deloitte Foundation generated $26.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $26.1m during the year ending 05/2023. While expenses have increased by 11.3% per year over the past 7 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 2017, Deloitte Foundation has awarded 1,947 individual grants totaling $86,406,320. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EDUCATION PROGRAMS WHICH ARE HELPING TO DEVELOP TALENT OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING GIFTS PROGRAM - THE ORGANIZATION SUPPORTS HIGHER EDUCATION THROUGH CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.
DOCTORAL FELLOWSHIP PROGRAM - THE ORGANIZATION PROVIDES FINANCIAL SUPPORT (FELLOWSHIPS) TO TOP U.S. ACCOUNTING DOCTORAL STUDENTS TO HELP STRENGTHEN THE PIPELINE OF PHD-QUALIFIED ACCOUNTING FACULTY.
EDUCATIONAL SUPPORT - THE ORGANIZATION CONTINUES TO EVOLVE ALONGSIDE EDUCATION, HELPING TO SUPPORT EDUCATORS AND DEVELOP DIVERSE FUTURE LEADERS IN THE FIELDS OF AUDIT, TAX, ADVISORY AND CONSULTING. THE ORGANIZATION PROVIDES A VARIETY OF PROGRAMS AND INITIATIVES FOR FACULTY AND STUDENTS TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Foutty Chair | OfficerTrustee | 1.5 | $0 |
Erin Scanlon President | OfficerTrustee | 10 | $0 |
Sam Silvers Secretary/treasurer | OfficerTrustee | 1.5 | $0 |
Tim Davis Director-At-Large (as Of 7/22) | Trustee | 1.5 | $0 |
Valerie Dickerson Director-At-Large | Trustee | 1.5 | $0 |
Kim Griffin Director-At-Large | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,411,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,411,596 |
| Total Program Service Revenue | $0 |
| Investment income | $1,964,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,375,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,519,277 |
| Grants and other assistance to domestic individuals. | $313,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,407 |
| Fees for services: Accounting | $27,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,467 |
| Fees for services: Other | $52,197 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $16,183 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,679 |
| Total functional expenses | $26,060,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,447,977 |
| Savings and temporary cash investments | $6,211,920 |
| Pledges and grants receivable | $8,910,400 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,559,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,129,352 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $53,959,750 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,959,750 |
| Net assets without donor restrictions | $2,440,948 |
| Net assets with donor restrictions | $2,728,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,129,352 |
Grants Awarded
Over the last fiscal year, Deloitte Foundation has awarded $26,647,940 in support to 352 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER CHANCE PURPOSE: MARKETPLACE GRANT | $33,000 |
AGUILA YOUTH LEADERSHIP INSTITUTE INC PURPOSE: MARKETPLACE GRANT | $30,000 |
ALPFA FOUNDATION INC PURPOSE: SCHOLARSHIP & MARKETPLACE GRANT | $800,000 |
AMERICAN ACCOUNTING ASSOCIATION PURPOSE: ACADEMIC AWARDS | $124,552 |
AMERICAN JEWISH UNIVERSITY PURPOSE: FY'22 MATCHING GIFTS | $7,500 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: FY'22 MATCHING GIFTS | $6,000 |