Susquehanna Foundation
- Assets
- $640.7m
- Revenue
- $61.3m
- Investments
- $389.1m
- Employees
- 0
- Location
- Bala Cynwyd, PA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 23-2732477
Organization Overview
Susquehanna Foundation is located in Bala Cynwyd, PA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Susquehanna 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 12/2021, Susquehanna Foundation generated $61.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $17.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Susquehanna Foundation has awarded 191 individual grants totaling $71,000,568. 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
VANGUARD CHARITABLE
CATO INSTITUTE
CHILDREN'S SCHOLARSHIP FUND
CENTER FOR EDUCATION REFORM
VANGUARD CHARITABLE
CATO INSTITUTE
CHILDREN'S SCHOLARSHIP FUND
CENTER FOR EDUCATION REFORM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Dantchik President | 0 | $0 | |
Andrew Frost Vice-President | 0 | $0 | |
Robert Sack Treasurer | 0 | $0 | |
Joel Greenberg Secretary | 0 | $0 | |
Jeffrey Yass Vice-President | 0 | $0 | |
Philip Poche Assistant Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $323,512 |
| Dividends & Interest | $2,435,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,503,321 |
| Capital Gain Net Income | $238,258,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,262,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,161 |
| Pension plans, employee benefits | $1,250 |
| Interest | $0 |
| Taxes | $2,030,544 |
| Depreciation | $457 |
| Occupancy | $354 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122,623 |
| Total operating and administrative expenses | $2,162,389 |
| Contributions, gifts, grants paid | $15,688,866 |
| Total expenses and disbursements | $17,851,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,670 |
| Savings and temporary cash investments | $0 |
| 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 | $2,305,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $874,999 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $249,352,576 |
| Total assets | $640,733,550 |
| 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 | $146,686 |
| Total liabilities | $146,686 |
Grants Awarded
Over the last fiscal year, Susquehanna Foundation has awarded $31,377,732 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE PURPOSE: GENERAL FUND | $3,900,000 |
VANGUARD CHARITABLE PURPOSE: GENERAL FUND | $3,900,000 |
CATO PURPOSE: GENERAL FUND | $3,000,000 |
CATO PURPOSE: GENERAL FUND | $3,000,000 |
Philadelphia, PA PURPOSE: GENERAL FUND | $3,000,000 |
Philadelphia, PA PURPOSE: GENERAL FUND | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |