Del Vecchio Family Foundation
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $31.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2006
- Data as of
- 03/2021
- EIN
- 20-5156807
Organization Overview
Del Vecchio Family Foundation is located in New York, NY. 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. Del Vecchio 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 03/2021, Del Vecchio Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $2.0m during the year ending 03/2021. While expenses have increased by 49.4% per year over the past 6 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 2016, Del Vecchio Family Foundation has awarded 119 individual grants totaling $6,133,116. 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 |
|---|---|---|---|
Debra Del Vecchio Sect'y/treasurer/director | 20 | $90,000 | |
Claudio Del Vecchio President | 20 | $90,000 | |
Matteo Del Vecchio Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $242,074 |
| Dividends & Interest | $672,285 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,797,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $347,661 |
| Contributions, gifts, grants paid | $1,668,058 |
| Total expenses and disbursements | $2,015,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,654,996 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,302,073 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Del Vecchio Family Foundation has awarded $1,382,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Cold Spring Harbor, NY PURPOSE: GENERAL GRANT | $490,000 |
Elon, NC PURPOSE: GENERAL GRANT | $280,000 |
SAINT FRANCIS HOSPITAL PURPOSE: GENERAL GRANT | $200,000 |
New York, NY PURPOSE: GENERAL GRANT | $65,000 |
HELEN KELLER SERVICES FOR THE BLIND PURPOSE: GENERAL GRANT | $50,000 |
Oyster Bay, NY PURPOSE: GENERAL GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |