Delaware Community Foundation
- Assets
- $347.2m
- Revenue
- $37.5m
- Investments
- $37.2m
- Employees
- 39
- Location
- Wilmington, DE
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 22-2804785
Organization Overview
Delaware Community Foundation is located in Wilmington, DE. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Delaware Community Foundation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Community 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 06/2023, Delaware Community Foundation generated $37.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $36.1m during the year ending 06/2023. While expenses have increased by 6.6% per year over the past 7 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 2015, Delaware Community Foundation has awarded 2,909 individual grants totaling $200,359,795. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE DELAWARE THROUGH COMMUNITY-BASED PHILANTHROPY.
Describe the Organization's Program Activity:
IN THE FISCAL YEAR ENDED JUNE 30, 2023, THE DELAWARE COMMUNITY FOUNDATION INVESTED IN BUILDING OPPORTUNITY THROUGHOUT THE STATE BY AWARDING OVER $31 MILLION IN GRANTS AND PROGRAM EXPENSES TO NONPROFIT ORGANIZATIONS AND LOCAL STUDENTS.THE MAJORITY OF THAT AMOUNT WAS GRANTED FROM DONOR ADVISED FUNDS. THE DCF ALSO AWARDED $483,450 IN SCHOLARSHIPS TO 196 STUDENTS AND $1,082,827 IN DIRECT GRANTS TO DOZENS OF DELAWARE NONPROFIT ORGANIZATIONS THROUGH OUR COMMUNITY IMPACT GRANTS PROGRAM, AND $2,520,524 IN DIRECT GRANTS STATEWIDE THROUGH HEALTHY COMMUNITIES DELAWARE'S HEALTHY EQUITY GRANTS PROGRAM AND COMMUNITY PARTNER GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley R Altschuler ESQ Board Member | Trustee | 2 | $0 |
William C Dugdale Immediate Past Chairperson | OfficerTrustee | 2 | $0 |
Drew N Fennell Chairperson | OfficerTrustee | 2 | $0 |
Kelly E Firment Board Member | OfficerTrustee | 2 | $0 |
Lossie Freeman Board Member | Trustee | 2 | $0 |
Chanta Howard-Wilkinson Vice Chairperson | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Investment Investment Services | 6/29/23 | $1,036,324 |
Christine A Cannon Inc Program Services | 6/29/23 | $180,000 |
Code Differently Llc Program Services | 6/29/23 | $204,714 |
Metropolitan Wilmington Urban League Program Services | 6/29/23 | $230,000 |
Community Counselling Services Llc Professional Services | 6/29/23 | $125,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,886,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,750,725 |
| Noncash contributions included in lines 1a–1f | $3,706,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,637,173 |
| Total Program Service Revenue | $498,954 |
| Investment income | $7,184,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,716,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,470,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,986,598 |
| Grants and other assistance to domestic individuals. | $483,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $304,316 |
| Other salaries and wages | $1,533,125 |
| Pension plan accruals and contributions | $96,455 |
| Other employee benefits | $408,382 |
| Payroll taxes | $129,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,244,659 |
| Fees for services: Other | $1,587,250 |
| Advertising and promotion | $178,925 |
| Office expenses | $137,417 |
| Information technology | $179,554 |
| Royalties | $0 |
| Occupancy | $81,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,613 |
| Insurance | $37,435 |
| All other expenses | $0 |
| Total functional expenses | $36,088,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,980,003 |
| Pledges and grants receivable | $286,211 |
| Accounts receivable, net | $5,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,221,134 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $86,611 |
| Investments—publicly traded securities | $289,229,184 |
| Investments—other securities | $37,231,795 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,772 |
| Total assets | $347,152,846 |
| Accounts payable and accrued expenses | $287,635 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,353,698 |
| Total liabilities | $44,641,333 |
| Net assets without donor restrictions | $302,495,218 |
| Net assets with donor restrictions | $16,295 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $347,152,846 |
Grants Awarded
Over the last fiscal year, Delaware Community Foundation has awarded $27,189,336 in support to 369 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN PURPOSE: UNRESTRICTED SUPPORT. | $25,000 |
4TH-DIMENSION LEADERS INC PURPOSE: SUPPORT FOR DE EDUCATION LEADERS TO PARTICIPATE IN 2023 COHORT OF THE EQUITY PRACTITIONER PROGRAM. | $50,000 |
ACLU FOUNDATION OF DELAWARE PURPOSE: PARENT ENGAGEMENT: THE VOICE OF EDUCATION EQUITY | $15,000 |
ACTS MISSION & PUMH FOUNDATIONS PURPOSE: SUPPORT FOR THE UNRESTRICTED FUND OF COKESBURY VILLAGE, RESTRICTED SUPPORT FOR PENINSULA UNITED METHODIST HOME AND UNRESTRICETD SUPPORT. | $8,084 |
AMERICAN CANCER SOCIETY INC PURPOSE: UNRESTRICTED SUPPORT, RESTRICTED TO PROGRAMS IN THE STATE OF DELAWARE, SUPPORT FOR THE DIVERSITY IN CANCER RESEARCH INTERNSHIP, TO SUPPORT THE NASHVILLE CHAPTER | $16,843 |
AMERICAN HEART ASSOCIATION PURPOSE: DELAWARE HYPERTENSION CONTROL NETWORK PROGRAM, UNRESTRICTED SUPPORT | $51,117 |