Darla Moore And Richard Rainwater Foundation
- Assets
- $538.4m
- Revenue
- $34.3m
- Investments
- $516.3m
- Employees
- 0
- Location
- Lake City, SC
- Founding
- 08/2011
- Data as of
- 12/2021
- 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 12/2021, Darla Moore And Richard Rainwater Foundation generated $34.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $33.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Darla Moore And Richard Rainwater Foundation has awarded 31 individual grants totaling $21,245,251. 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 |
|---|---|---|---|
Harry Lesesne Executive Director | 50 | $250,000 | |
Darla D Moore Trustee, Chair | 30 | $135,010 | |
Walter S Price Director Of Operatio | 40 | $103,439 | |
Lisa Miller Administrative Assis | 40 | $70,485 | |
Lynn W Godwin Administrative Assis | 40 | $57,440 | |
Frank M Rogers IV Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truvvo Partners | 12/30/21 | $2,464,168 |
Websterrogers Llp | 12/30/21 | $337,143 |
Charles Schwab | 12/30/21 | $257,276 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,474,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,433,475 |
| Capital Gain Net Income | $18,433,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,413,518 |
| Total Revenue | $34,322,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $385,010 |
| Other employee salaries and wages | $203,021 |
| Pension plans, employee benefits | $50,689 |
| Interest | $0 |
| Taxes | $469,362 |
| Depreciation | $4,558 |
| Occupancy | $16,545 |
| Travel, conferences, and meetings | $15,482 |
| Printing and publications | $0 |
| Other expenses | $7,436,275 |
| Total operating and administrative expenses | $11,806,738 |
| Contributions, gifts, grants paid | $21,239,751 |
| Total expenses and disbursements | $33,046,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,440 |
| Savings and temporary cash investments | $19,705,399 |
| 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 | $2,347,052 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $516,324,006 |
| Net Land, buildings, and equipment | $11,903 |
| Other assets | $0 |
| Total assets | $538,432,800 |
| 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 | $1,490,139 |
| Total liabilities | $1,490,139 |
Grants Awarded
Over the last fiscal year, Darla Moore And Richard Rainwater Foundation has awarded $21,239,751 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Lake City, SC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF ENHANCING THE BUSINESS ENVIRONMENT OF LAKE CITY | $15,498,320 |
Lake City, SC PURPOSE: TO FURTHER EXEMPT PURPOSE OF THE BOTANICAL GARDEN | $2,025,000 |
New York, NY PURPOSE: SUPPORT FOR CULTURAL INSTITUTION | $1,100,000 |
Lake City, SC PURPOSE: TEACHER AWARD | $399,038 |
Lake City, SC PURPOSE: SUPPORT TO FOSTER A CULTURALLY-RICH ENVIRONMENT IN THE SC REGION | $281,393 |
Charleston, SC PURPOSE: FUNDING TO FURTHER THE EXEMPT PURPOSE OF THE MUSEUM | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Darla Moore And Richard Rainwater Foundation has recieved totaling $8,160,000.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: THIS GRANT IS FOR ARTS, EDUCATION AND HORTICULTURE PROGRAMMING. | $3,500,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: THIS GRANT IS IN SUPPORT OF ARTS, EDUCATION AND HORTICULTURE PROGRAMMING, AND COMMUNITY DEVELOPMENT ACTIVITIES. | $2,460,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: THIS GRANT IS TO SUPPORT THE CHARITABLE GRANT MAKING ACTIVITIES OF THE FOUNDATION. | $2,200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |