George Edward Durell Foundation
- Assets
- $32.8m
- Revenue
- $1.2m
- Investments
- $24.9m
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 31-1111800
Organization Overview
George Edward Durell Foundation is located in Westerville, OH. The organization was established in 1985. 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. George Edward Durell 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, George Edward Durell Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Edward Durell Foundation has awarded 306 individual grants totaling $8,385,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Durell Chairman | 30 | $162,000 | |
Paul H Schoonover Trustee | 5 | $15,000 | |
Anne M Durell Trustee | 5 | $15,000 | |
Lisle J Smith Trustee | 5 | $15,000 | |
James A Landaker CPA Sec./treasurer | 5 | $12,500 | |
John M Durell Trustee | 5 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,510 |
| Dividends & Interest | $441,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $747,715 |
| Capital Gain Net Income | $747,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265 |
| Total Revenue | $1,199,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $232,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,259 |
| Interest | $0 |
| Taxes | $12,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,191 |
| Printing and publications | $0 |
| Other expenses | $231,541 |
| Total operating and administrative expenses | $535,042 |
| Contributions, gifts, grants paid | $1,080,000 |
| Total expenses and disbursements | $1,615,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,372 |
| Savings and temporary cash investments | $7,767,624 |
| 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 | $2,520 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,898,328 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,811,844 |
| Accounts payable and accrued expenses | $1,340 |
| Grants payable | $250,000 |
| 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 | $251,340 |
Grants Awarded
Over the last fiscal year, George Edward Durell Foundation has awarded $1,330,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Hillsdale, MI PURPOSE: SUPPORT OF 2020 AND 2021 FREE MARKET FORUMS | $250,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: CATALYST FOR COLUMBUS FUND | $190,000 |
ACTON INSTITUTE PURPOSE: GENERAL PROGRAM SUPPORT | $175,000 |
Arlington, VA PURPOSE: SUPPORT PPE SCHOLAR PROGRAMS | $100,000 |
Wilmington, DE PURPOSE: FUNDING PPE PROGRAM | $75,000 |
CATO INSTITUTE PURPOSE: 39TH ANNUAL MONETARY CONFERENCE FUNDING | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that George Edward Durell Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Sagamore Institute Inc Indianapolis, IN PURPOSE: GRANTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |