Marvin And Betty Danto Family Foundation
- Assets
- $10.5m
- Revenue
- $1.2m
- Investments
- $9.9m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/2006
- Data as of
- 12/2022
- 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 12/2022, Marvin And Betty Danto Family Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marvin And Betty Danto Family Foundation has awarded 168 individual grants totaling $11,513,062. 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 President/treasurer | 0 | $0 | |
Joanne F Danto Vice President/secretary | 0 | $0 | |
Gail E Danto Vice President/assistant S | 0 | $0 | |
James H Danto Trustee | 0 | $0 | |
Joanne F Danto Trustee | 0 | $0 | |
Gail E Danto Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,672 |
| Dividends & Interest | $434,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $742,702 |
| Capital Gain Net Income | $742,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,178,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,371 |
| Contributions, gifts, grants paid | $4,175,062 |
| Total expenses and disbursements | $4,233,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,223 |
| Savings and temporary cash investments | $554,439 |
| Net Accounts receivable | $81,944 |
| 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 | $9,342,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,495,186 |
| 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 $4,175,062 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: UNRESTRICTED CHARITABLE GIFT | $550,000 |
AISH DETROIT PURPOSE: UNRESTRICTED CHARITABLE GIFT | $16,000 |
AMERICAN FRIENDS OF YAHAD IN UNUM PURPOSE: UNRESTRICTED CHARITABLE GIFT | $24,500 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: UNRESTRICTED CHARITABLE GIFT | $285,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: UNRESTRICTED CHARITABLE GIFT | $50,000 |
BALLENISLES CHARITIES PURPOSE: UNRESTRICTED CHARITABLE GIFT | $10,000 |