Rowe Family Foundation
- Assets
- $34.2m
- Revenue
- $1.1m
- Investments
- $32.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 20-0721105
Organization Overview
Rowe Family Foundation is located in Wilmington, DE. The organization was established in 2004. 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. Rowe Family 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 12/2023, Rowe Family Foundation generated $1.1m 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 (19.9%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rowe Family Foundation has awarded 105 individual grants totaling $11,645,000. 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 |
|---|---|---|---|
Abigail M Rowe Vp, Dir | 1 | $0 | |
John W Rowe Pres, Dir | 1 | $0 | |
Meredith L Rowe Vp, Dir | 1 | $0 | |
Rebecca J Rowe Vp, Dir | 1 | $0 | |
Valerie A Rowe Sec, Treas, Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/23 | $83,556 |
Wealth Enhancement Advisory Services | 12/30/23 | $88,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,836 |
| Dividends & Interest | $1,004,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,757 |
| Capital Gain Net Income | $31,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,053,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,529 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,099 |
| Total operating and administrative expenses | $191,660 |
| Contributions, gifts, grants paid | $1,935,000 |
| Total expenses and disbursements | $2,126,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,890,444 |
| 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 | $872,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,244,390 |
| 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, Rowe Family Foundation has awarded $1,935,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOWDOIN COLLEGE PURPOSE: KENT ISLAND POSTDOCTORAL SCHOLAR PROGRAM | $100,000 |
BUCK INSTITUTE FOR RESEARCH ON AGING PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
HARVARD MEDICAL SCHOOL PURPOSE: ANNUAL SUPPORT FOR BOARD OF FELLOWS | $50,000 |
MUSEUM OF THE CITY OF NEW YORK PURPOSE: CENTENNIAL FUND | $100,000 |
LINCOLN CENTER THEATER PURPOSE: CHARITABLE EVENT | $50,000 |
NEW YORK YACHT CLUB FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $100,000 |