The Paul And Carol David Foundation
- Assets
- $61.4m
- Revenue
- $2.9m
- Investments
- $39.4m
- Employees
- 0
- Location
- Canton, OH
- Founding
- 09/1980
- Data as of
- 12/2020
- 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 12/2020, Paul And Carol David Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Paul And Carol David Foundation has awarded 62 individual grants totaling $3,314,269. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 CHURCHES FOR MONTHLY SUPPORT AND BUILDING AND IMPROVEMENTS PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Stanislawski Staff | 40 | $221,007 | |
Christy Melert Staff | 40 | $56,950 | |
Jeffrey David President | 35 | $51,239 | |
Scott F Whetstone Trustee | 2 | $24,000 | |
Carol David Chairperson | 8 | $0 | |
Thomas G Knoll Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,058,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,570,356 |
| Capital Gain Net Income | $1,570,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $238,784 |
| Total Revenue | $2,867,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,385 |
| Other employee salaries and wages | $286,320 |
| Pension plans, employee benefits | $96,658 |
| Interest | $0 |
| Taxes | $78,730 |
| Depreciation | $1,926 |
| Occupancy | $46,773 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $590,786 |
| Total operating and administrative expenses | $1,182,994 |
| Contributions, gifts, grants paid | $3,113,879 |
| Total expenses and disbursements | $4,296,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,587 |
| Savings and temporary cash investments | $1,407,155 |
| 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 | $44,972 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,355,268 |
| Net Land, buildings, and equipment | $51,215 |
| Other assets | $20,378,479 |
| Total assets | $61,432,676 |
| 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 $3,314,269 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: CHARITABLE | $1,600,000 |
Columbus, OH PURPOSE: SCHOLARSHIPS | $207,125 |
Kent, OH PURPOSE: SCHOLARSHIPS | $193,584 |
OHIO UNIVERSITY PURPOSE: SCHOLARSHIPS | $115,500 |
Massillon, OH PURPOSE: CHARITABLE | $101,700 |
THE UNIVERSITY OF AKRON PURPOSE: SCHOLARSHIPS | $90,224 |
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 |