The Paul And Carol David Foundation
- Assets
- $62.3m
- Revenue
- $3.7m
- Investments
- $39.3m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 09/1980
- Data as of
- 12/2022
- EIN
- 34-1319236
Organization Overview
The Paul And Carol David Foundation is located in Canton, OH. The organization was established in 1980. 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. Paul And Carol David 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, Paul And Carol David Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Paul And Carol David Foundation has awarded 142 individual grants totaling $6,363,128. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS FOR DEVELOPMENT AND MAINTENANCE OF AFTER-SCHOOL PROJECTS AND COMMUNITY DEVELOPMENT.
GRANTING SCHOLARSHIPS TO QUALIFIED HIGH SCHOOL STUDENTS IN STARK COUNTY.
GRANTS TO LOCAL SCHOOL DISTRICTS AND UNIVERSITIES FOR OPERATIONAL EXPENSES AND EDUCATIONAL PROGRAMS.
GRANTS TO LOCAL NON-PROFIT HEALTH ORGANIZATIONS TO ASSIST IN RESEARCH AND TO ASSIST WITH UNDER OR UNINSURED POPULATION FOR HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol David Chairperson | 8 | $0 | |
Thomas G Knoll Trustee | 2 | $0 | |
Jeffrey David President | 35 | $101,630 | |
Scott F Whetstone Trustee | 2 | $24,000 | |
Walt Stanislawski Staff | 40 | $233,220 | |
Christy Melert Staff | 40 | $59,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $1,200,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,339,789 |
| Capital Gain Net Income | $1,339,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,140,471 |
| Total Revenue | $3,680,464 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,630 |
| Other employee salaries and wages | $292,521 |
| Pension plans, employee benefits | $109,143 |
| Interest | $0 |
| Taxes | $128,877 |
| Depreciation | $1,963 |
| Occupancy | $46,659 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,010,624 |
| Total operating and administrative expenses | $1,753,682 |
| Contributions, gifts, grants paid | $3,048,859 |
| Total expenses and disbursements | $4,802,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,981 |
| Savings and temporary cash investments | $2,173,502 |
| 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 | $39,252,322 |
| Net Land, buildings, and equipment | $47,270 |
| Other assets | $20,473,402 |
| Total assets | $62,295,477 |
| 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, The Paul And Carol David Foundation has awarded $3,048,859 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
A COMMUNITY CHRISTMAS PURPOSE: CHARITABLE | $6,000 |
AKRON ZOO PURPOSE: CHARITABLE | $8,079 |
ASHLAND UNIVERSITY PURPOSE: SCHOLARSHIPS | $14,000 |
BELMONT UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,000 |
BALDWIN WALLACE UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,000 |
BOWLING GREEN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $28,000 |