Darla Moore And Richard Rainwater Foundation
- Assets
- $586.7m
- Revenue
- $68.2m
- Investments
- $513.9m
- Employees
- 0
- Location
- Lake City, SC
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-3130736
Organization Overview
Darla Moore And Richard Rainwater Foundation is located in Lake City, SC. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Darla Moore And Richard Rainwater 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 12/2022, Darla Moore And Richard Rainwater Foundation generated $68.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $35.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Darla Moore And Richard Rainwater Foundation has awarded 128 individual grants totaling $93,206,022. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darla D Moore Trustee, Chair | 30 | $0 | |
Harry Lesesne Executive Director | 50 | $282,379 | |
Frank M Rogers IV Treasurer | 0.5 | $0 | |
Albert Mims Secretary | 0.5 | $0 | |
David Holladay Financial Officer | 40 | $108,997 | |
Shane Prince Director Of Operatio | 40 | $104,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truvvo Partners | 12/30/22 | $1,226,334 |
Websterrogers Llp | 12/30/22 | $258,107 |
Charles Schwab | 12/30/22 | $66,491 |
Websterrogers Llp | 12/30/22 | $258,107 |
Truvvo Partners | 12/30/22 | $1,226,334 |
Charles Schwab | 12/30/22 | $66,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,062 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,524,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,336,086 |
| Capital Gain Net Income | $44,336,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,272,747 |
| Total Revenue | $68,195,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,379 |
| Other employee salaries and wages | $318,094 |
| Pension plans, employee benefits | $41,358 |
| Interest | $0 |
| Taxes | $436,656 |
| Depreciation | $20,348 |
| Occupancy | $17,723 |
| Travel, conferences, and meetings | $15,703 |
| Printing and publications | $0 |
| Other expenses | $7,240,984 |
| Total operating and administrative expenses | $10,043,741 |
| Contributions, gifts, grants paid | $25,360,510 |
| Total expenses and disbursements | $35,404,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,739 |
| Savings and temporary cash investments | $70,653,631 |
| 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 | $2,112,395 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $513,862,609 |
| Net Land, buildings, and equipment | $5,959 |
| Other assets | $0 |
| Total assets | $586,677,333 |
| 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, Darla Moore And Richard Rainwater Foundation has awarded $50,721,020 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BATTLEFIELD TRUST PURPOSE: FUNDING TO SAVE AMERICA'S BATTLEFIELDS | $146,624 |
BRAINFUTURES INCORPORATED PURPOSE: TO SUPPORT APPLICATIONS OF BRAIN SCIENCE ADVANCES TO MAXIMIZE HUMAN POTENTIAL | $125,000 |
CHARLESTON PARKS CONSERVANCY PURPOSE: SUPPORT TO HELP IMPROVE THE QUALITY OF LIFE IN CHARLESTON COUNTY THROUGH PARK FACILITIES AND SERVICES | $150,000 |
COASTAL COMMUNITY FOUNDATION PURPOSE: TO FURTHER EXEMPT PURPOSE OF THE ORGANIZATION | $150,000 |
FRANCIS MARION UNIVERSITY PURPOSE: SUPPORT FOR EDUCATION | $1,000,000 |
GREATER LAKE CITY ALLIANCE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF ENHANCING THE BUSINESS ENVIRONMENT OF LAKE CITY | $12,125,000 |