Aurora Foundation
- Assets
- $762.2m
- Revenue
- $34.8m
- Investments
- $706.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 36-7634806
Organization Overview
Aurora Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Aurora 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, Aurora Foundation generated $34.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $40.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Republic Trust Co Of DE Llc Inst Trustee | 1 | $75,000 | |
Richard Knezevich ESQ Trust Protector | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Us Llp | 12/30/21 | $131,849 |
Goldman Sachs & Co | 12/30/21 | $186,657 |
First Republic Securities Co | 12/30/21 | $1,959,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,161,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,569,043 |
| Capital Gain Net Income | $22,569,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,535 |
| Total Revenue | $34,829,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $835,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,301 |
| Total operating and administrative expenses | $3,174,047 |
| Contributions, gifts, grants paid | $37,500,000 |
| Total expenses and disbursements | $40,674,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,266,449 |
| Savings and temporary cash investments | $7,900,902 |
| 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 | $108,521,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $730,628 |
| Total assets | $762,186,529 |
| 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, Aurora Foundation has awarded $37,500,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $20,000,000 |
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $5,000,000 |
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $5,000,000 |
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $2,500,000 |
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $2,500,000 |
Boston, MA PURPOSE: TO FURTHER RELIGIOUS, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |