Kendal Fund
- Assets
- $4.3m
- Revenue
- $451.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 02/1992
- Data as of
- 12/2023
- EIN
- 23-2626425
Organization Overview
Kendal Fund is located in Newark, DE. The organization was established in 1992. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendal 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 12/2023, Kendal Fund generated $451.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $109.2k during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 8 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, Kendal Fund has awarded 29 individual grants totaling $480,146. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM THE EXPERIENCE OF AGING BY SUPPORTING THE KENDAL CORPORATION AND AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFILIATE GRANT - STAFF DEVELOPMENT: $20,000 ($2,500 X 8 AFFILIATES) THE KENDAL CHARITABLE FUNDS BOARD OFFERED A GRANT OPPORTUNITY IN 2023 TO SELECT KENDAL AFFILIATES TO SUPPORT THEIR ABILITY TO ADDRESS WORKFORCE CHALLENGES WITH A FOCUS ON THE KENDAL DIVERSITY, EQUITY, INCLUSION AND BELONGING (DEIB) PILLARS. THIS IS A CONTINUATION OF THIS GRANT OPPORTUNITY.
LLOYD LEWIS PROMISING INNOVATIONS GRANT: $12,500 THE 2023 PROMISING INNOVATIONS GRANT CYCLE FOCUSED ON THE NATIONAL WORKFORCE SHORTAGES FACING THE HEALTHCARE SYSTEM, PARTICULARLY THE SHORTAGE OF SKILLED WORKERS IN THE FIELD OF AGING SERVICES. FUNDING WAS APPROVED DURING 2023 FOR THE ACADEMY OF HOPE ADULT PUBLIC CHARTER SCHOOL (AOH). AOH WAS PREVIOUSLY AWARDED A $50,000 GRANT IN 2022 TO BE DISBURSED OVER THE COURSE OF TWO (2) YEARS. THE GRANT PROGRAM RUNS 1/1/2023 - 12/31/2024. THE FIRST INSTALLMENT WAS PAID IN DECEMBER 2022. AOH'S MISSION IS TO PROVIDE HIGH-QUALITY, EFFECTIVE INSTRUCTION TO ADULT LEARNERS IN THE AREAS OF READING, WRITING, AND MATH; POSITION LEARNERS FOR SUCCESS IN THEIR CAREERS; AND ADDRESS AND MITIGATE THE DRIVERS OF EDUCATIONAL AND ECONOMIC INEQUITY.
AFFILIATE GRANT - LEADERSHIP IN TRAINING PROGRAM: $20,000THIS GRANT SUPPORTS AN ADMINISTRATION IN TRAINING (AIT) PROGRAM WITH THE HOPE OF EVENTUALLY FORMALIZING AND BECOMING A WIDE-REACHING MODEL WITH A PATHWAY INTO QUAKER-SPONSORED ORGANIZATIONS. THE STUDENTS WILL HAVE 6-9 MONTHS TO COMPLETE THE PROGRAM, WHILE EARNING A LIVING WAGE, AND HAVE EXPOSURE TO LEADERSHIP. BOARDS AND RESIDENTS AT THEIR AFFILIATE BARCLAY FRIENDS IN WEST CHESTER, PA. MOST AIT PROGRAMS ARE UNPAID; THIS GRANT WILL ALLOW FOR A GENEROUS LIVING WAGE OF $40,000. FSA WILL FUND $20,000 AND KENDAL CHARITABLE FUNDS WILL FUND $20,000. BARCLAY FRIENDS WILL HOST THE AIT AND PROVIDE THE EXPERIENCES REQUIRED FOR THE COMMONWEALTH OF PA AND PREPARE THE AIT TO SIT FOR THE LICENSURE EXAM.
GRANT PROGRAM:ALZHEIMER'S ASSOCIATION, WALK TO END ALZHEIMER'S - $16,500 ALZHEIMER'S AND ALL OTHER DEMENTIAS EFFECT MORE THAN 6 MILLION OLDER ADULTS IN AMERICA. THE ALZHEIMER'S ASSOCIATION IS THE LEADING VOLUNTARY HEALTH ORGANIZATION IN ALZHEIMER'S CARE, SUPPORT AND RESEARCH. IN OCTOBER 2023, THE KCF BOARD APPROVED THE RELEASE OF $16,500 TO THE ALZHEIMER'S ASSOCIATION TO MATCH FUNDS UP TO $16,500 RAISED ACROSS THE SYSTEM BY THE KENDAL CORPORATION AND ALL AFFILIATED ORGANIZATIONS AS PART OF THE WALK TO END ALZHEIMER'S EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Houpt Chair | OfficerTrustee | 1 | $0 |
Richard Schramm Treasurer | OfficerTrustee | 1 | $0 |
Barbara Freedman Secretary | OfficerTrustee | 1 | $0 |
James Greenwood Member | Trustee | 1 | $0 |
Jeffrey Harness Member | Trustee | 1 | $0 |
Tara Quinn Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,535 |
| Total Program Service Revenue | $0 |
| Investment income | $95,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $189,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,005 |
| Fees for services: Other | $10,268 |
| Advertising and promotion | $0 |
| Office expenses | $651 |
| Information technology | $833 |
| Royalties | $0 |
| Occupancy | $1,027 |
| Travel | $7,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $109,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,130,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,321,897 |
| Accounts payable and accrued expenses | $0 |
| 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 | $371,225 |
| Total liabilities | $371,225 |
| Net assets without donor restrictions | $2,798,305 |
| Net assets with donor restrictions | $1,152,367 |
| 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 | $4,321,897 |
Grants Awarded
Over the last fiscal year, Kendal Fund has awarded $51,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BARCLAY FRIENDS PURPOSE: ADMINISTRATOR-IN-TRAINING (AIT) PILOT PROGRAM PROPOSAL-$20,000STAFF DEVELOPMENT-$2,500 | $22,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: MATCH GRANT SUPPORT FOR ALZHEIMER'S SUPPORT AND RESEARCH. | $16,500 |
ACADEMY OF HOPE PURPOSE: TRAINING AND EDUCATION OF ADULT LEARNERS FOR ENTRY INTO HEALTHCARE SECTOR. | $12,500 |