GDS Legacy Foundation Inc
- Assets
- $0.0
- Revenue
- $575.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2010
- Data as of
- 12/2019
- EIN
- 27-1463916
Organization Overview
GDS Legacy Foundation Inc is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2019, GDS Legacy Foundation Inc generated $575.8k 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 (33.5%) each year. All expenses for the organization totaled $15.1m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, GDS Legacy Foundation Inc has awarded 63 individual grants totaling $53,843,589. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $539,218 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,167 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74,575 |
| Total Revenue | $575,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,564 |
| Taxes | $46,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $231,481 |
| Total operating and administrative expenses | $575,224 |
| Contributions, gifts, grants paid | $14,555,869 |
| Total expenses and disbursements | $15,131,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, GDS Legacy Foundation Inc has awarded $14,555,869 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES SCHWAB CHARITABLE - DAF #8140-5317 PURPOSE: GENERAL | $13,250,235 |
CHARLES SCHWAB CHARITABLE - DAF #8140-5317 PURPOSE: GENERAL | $1,285,000 |
San Francisco, CA PURPOSE: GENERAL | $15,134 |
CREMA PURPOSE: GENERAL | $5,000 |
CHARLOTTE-SHELBURNE ROTARY CLUB PURPOSE: GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |