Marvin And Betty Danto Family Foundation
- Assets
- $13.5m
- Revenue
- $2.2m
- Investments
- $12.1m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 20-3896742
Organization Overview
Marvin And Betty Danto Family Foundation is located in Troy, MI. The organization was established in 2006. 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. Marvin And Betty Danto 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 12/2021, Marvin And Betty Danto Family Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marvin And Betty Danto Family Foundation has awarded 155 individual grants totaling $11,089,000. 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 |
|---|---|---|---|
James H Danto Trustee | 0 | $0 | |
Gail E Danto Trustee | 0 | $0 | |
Joanne F Danto Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $151 |
| Dividends & Interest | $507,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,697,382 |
| Capital Gain Net Income | $1,697,382 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,204,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $257 |
| Total operating and administrative expenses | $10,345 |
| Contributions, gifts, grants paid | $3,587,000 |
| Total expenses and disbursements | $3,597,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,654 |
| Savings and temporary cash investments | $1,362,996 |
| Net Accounts receivable | $75,276 |
| 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 | $11,589,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,549,947 |
| 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, Marvin And Betty Danto Family Foundation has awarded $3,587,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: UNRESTRICTED CHARITABLE GIFT | $550,000 |
JEWISH FEDERATION OF METROPOLITAN DETROIT PURPOSE: UNRESTRICTED CHARITABLE GIFT | $350,000 |
Southfield, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $275,000 |
Southfield, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $270,000 |
UNIVERSITY OF MICHIGAN PURPOSE: UNRESTRICTED CHARITABLE GIFT | $252,500 |
Interlochen, MI PURPOSE: UNRESTRICTED CHARITABLE GIFT | $210,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |