Kendeda Fund
- Assets
- $107.2m
- Revenue
- $29.4m
- Investments
- $90.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-6881642
Organization Overview
Kendeda Fund is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kendeda Fund 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, Kendeda Fund generated $29.4m 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 (33.8%) each year. All expenses for the organization totaled $70.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kendeda Fund has awarded 715 individual grants totaling $165,202,609. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIVING BUILDING PROJECT-A LIVING LEARNING LABORATORY FOR STUDENTS & FACULTY PROVIDING HANDS-ON EDUCATIONAL & RESEARCH OPPORTUNITIES THAT WILL BE A MODEL REGIONALLY & GLOBALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dena Kimball Executive Director | 30 | $247,819 | |
Diane Ives Fund Adviser | 40 | $222,160 | |
Tim Stevens Fund Adviser | 40 | $186,545 | |
Tene Traylor Fund Adviser | 40 | $169,900 | |
Dennis Creech Fund Adviser | 40 | $98,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc National Trust Company | 12/30/21 | $220,981 |
Greeneworks | 12/30/21 | $190,756 |
Navigate Llc | 12/30/21 | $132,000 |
Brotherton Strategies Inc | 12/30/21 | $165,000 |
Hattaway Communications | 12/30/21 | $471,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,576,535 |
| Interest on Savings | $7,580 |
| Dividends & Interest | $2,933,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,807,202 |
| Capital Gain Net Income | $31,915,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,845 |
| Total Revenue | $29,360,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,981 |
| Other employee salaries and wages | $996,334 |
| Pension plans, employee benefits | $213,611 |
| Interest | $0 |
| Taxes | $390,479 |
| Depreciation | $6,560 |
| Occupancy | $90,320 |
| Travel, conferences, and meetings | $14,674 |
| Printing and publications | $5,720 |
| Other expenses | $185,783 |
| Total operating and administrative expenses | $3,558,071 |
| Contributions, gifts, grants paid | $66,722,917 |
| Total expenses and disbursements | $70,280,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,263,282 |
| 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 | $9,245,814 |
| Net Land, buildings, and equipment | $4,427 |
| Other assets | $4,383 |
| Total assets | $107,220,402 |
| 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 | $3,958 |
| Total liabilities | $3,958 |
Grants Awarded
Over the last fiscal year, Kendeda Fund has awarded $66,722,917 in support to 287 organizations.
| Grant Recipient | Amount |
|---|---|
Bozeman, MT PURPOSE: IN SUPPORT FOR SOFT COSTS AND CONSTRUCTION COSTS ASSOCIATED WITH THE BRIDGER VIEW DEVELOPMENT | $5,000,000 |
AMERICAN JEWISH WORLD SERVICE INC PURPOSE: PROMOTING GIRLS' RIGHTS IN INDIA, KENYA AND THE DOMINICAN REPUBLIC | $4,800,000 |
TRUST FOR CONSERVATION INNOVATION DBA MULITIPLIER PURPOSE: PROJECT EQUITY | $3,250,000 |
COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE I PURPOSE: TIPPING POINT PROGRAM - DIGGING UP THE ROOTS OF CHILD MARRIAGE | $2,293,707 |
Atlanta, GA PURPOSE: GOODUSE PROJECT | $2,000,000 |
Minneapolis, MN PURPOSE: IMPLEMENTATION OF THE 10-YEAR STRATEGIC PLAN | $1,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kendeda Fund has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Georgia Interfaith Power & Light Inc Decatur, GA PURPOSE: ENERGY UPGRADES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD | $536,433,677 | $181,299,725 |
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Venable Baetjer And Howard Foundation Baltimore, MD | $411,758 | $3,720,067 |