Richard L & Diane M Block Foundation Tr
- Assets
- $33.4m
- Revenue
- $1.2m
- Investments
- $31.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 30-6136901
Organization Overview
Richard L & Diane M Block Foundation Tr is located in Wilmington, DE. The organization was established in 2007. 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. Richard L & Diane M Block Foundation Tr 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, Richard L & Diane M Block Foundation Tr generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard L & Diane M Block Foundation Tr has awarded 217 individual grants totaling $5,966,954. 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 |
|---|---|---|---|
Debbie Bellange Trustee, Treas, Chair | 1 | $2,000 | |
Patrick Block Trustee | 1 | $2,000 | |
Jennifer D Green Trustee, Executive Dir, Sec | 30 | $62,833 | |
Juliette Green Trustee | 1 | $2,000 | |
Edward Mccarty Trustee | 1 | $2,000 | |
Mead Treadwell Trustee | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bracco Harper Ogata Group | 12/30/23 | $72,725 |
Alaska Permanent Capital Management | 12/30/23 | $82,178 |
Foundation Source | 12/30/23 | $69,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,173 |
| Dividends & Interest | $962,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,085 |
| Capital Gain Net Income | $175,085 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,195,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,833 |
| Other employee salaries and wages | $5,409 |
| Pension plans, employee benefits | $7,415 |
| Interest | $0 |
| Taxes | $15,323 |
| Depreciation | $0 |
| Occupancy | $6,021 |
| Travel, conferences, and meetings | $36,225 |
| Printing and publications | $0 |
| Other expenses | $83,408 |
| Total operating and administrative expenses | $393,310 |
| Contributions, gifts, grants paid | $1,560,091 |
| Total expenses and disbursements | $1,953,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,084,678 |
| Net Accounts receivable | $1,049 |
| 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 | $33,427,001 |
| Accounts payable and accrued expenses | $2,155 |
| 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 | $2,155 |
Grants Awarded
Over the last fiscal year, Richard L & Diane M Block Foundation Tr has awarded $1,560,091 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA NATIVE HERITAGE CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
ALASKA PACIFIC UNIVERSITY PURPOSE: BLOCK FOUNDATION SCHOLARSHIP FUND | $12,500 |
ALASKA PACIFIC UNIVERSITY PURPOSE: BLOCK FOUNDATION SPRING 2023 SCHOLARSHIP FUND | $7,500 |
ALASKA PACIFIC UNIVERSITY PURPOSE: BLOCK FOUNDATION SCHOLARSHIP FUND | $10,000 |
ALASKA ARTS EDUCATION CONSORTIUM INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ALASKA YOUTH ORCHESTRAS PURPOSE: ANCHORAGE YOUTH SYMPHONY SCHOOL FUND | $15,000 |