The Douglass Fund

Organization Overview

The Douglass Fund is located in New Brunswick, NJ. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Douglass 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 06/2022, Douglass Fund generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Douglass Fund has awarded 13 individual grants totaling $8,083,191. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD, OBTAIN, INVEST, DISPOSE OF, EXPEND, APPLY, RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS TO SUPPORT DOUGLASS RESIDENTIAL COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED STUDENT FINANCIAL SUPPORT OF MORE THAN 367 AWARDS PROVIDED THROUGH SCHOLARSHIPS, PRIZES, AND SPECIAL OPPORTUNITY FUNDING.


UNRESTRICTED SUPPORT FOR DOUGLASS RESIDENTIAL COLLEGE


THE ORGANIZATION PROVIDED SUPPORT COMMUNICATIONS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$218,631
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$134,715
Noncash contributions included in lines 1a–1f $28,377
Total Revenue from Contributions, Gifts, Grants & Similar$353,346
Total Program Service Revenue$0
Investment income $897,385
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,171,097
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,421,828

Grants Awarded

Over the last fiscal year, The Douglass Fund has awarded $1,392,973 in support to 3 organizations.

Grant RecipientAmount

RUTGERS THE STATE UNIVERSITY OF NEW JERSEY

Org PageRecipient Profile

Piscataway, NJ

PURPOSE: STUDENT & PROGRAM SUPPORT for Douglass College

$1,378,118

New Haven, CT

PURPOSE: FINANCIAL SUPPORT FOR GRADUATE STUDY

$8,987

UNIVERSITY OF MISSISSIPPI

Org PageRecipient Profile

University, MS

PURPOSE: FINANCIAL SUPPORT FOR GRADUATE STUDY

$5,868
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Douglass Fund has recieved totaling $511.

Awarding OrganizationAmount
Verizon Foundation

Basking Ridge, NJ

PURPOSE: MIP PAYOUT FOR 12/03/21

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$11
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$47,581,470
Earnings-$7,284,673
Admin Expense$706,282
Net Contributions$360,847
Grants$1,230,048
Ending Balance$38,721,314

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