Edward C And Linda Dresner Levy Foundation
- Assets
- $6.5m
- Revenue
- $4.6m
- Investments
- $6.2m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 05/1974
- Data as of
- 09/2022
- EIN
- 38-6091368
Organization Overview
Edward C And Linda Dresner Levy Foundation is located in Reston, VA. The organization was established in 1974. 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. Edward C And Linda Dresner Levy 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 09/2022, Edward C And Linda Dresner Levy Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 70.5% each year . All expenses for the organization totaled $15.2m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Edward C And Linda Dresner Levy Foundation has awarded 365 individual grants totaling $39,718,471. 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 |
|---|---|---|---|
Linda Dresner Levy Treasurer/director | 1 | $0 | |
Edward C Levy Jr President/director | 1 | $0 | |
Patrick T Duerr Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $938,530 |
| Interest on Savings | $0 |
| Dividends & Interest | $363,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,282,908 |
| Capital Gain Net Income | $3,282,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,105 |
| Total Revenue | $4,609,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,520 |
| Total operating and administrative expenses | $146,786 |
| Contributions, gifts, grants paid | $15,084,541 |
| Total expenses and disbursements | $15,231,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $277,865 |
| 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 | $6,204,922 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,482,787 |
| 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, Edward C And Linda Dresner Levy Foundation has awarded $15,084,541 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: PANCREATIC CANCER CENTER | $8,000,000 |
THE HENRY FORD (EDISON INSTITUTE) PURPOSE: INNOVATION PROJECT CAMPAIGN, YOUTH & FAMILY ENGAGEMENT, EDUCATOR PROFESSIONAL DEVELOPMENT, POSITIONS TO COORDINATE, SUPPORT AND MANAGE PROGRAMS, RELATED DETROIT YOUTH AND STUDENT LEARNING INITIATIVES | $2,700,000 |
Detroit, MI PURPOSE: FOR THE "LINDA DRESNER ENDOWED CHAIR OF FASHION DESIGN" | $2,000,000 |
KIPP DETROIT PURPOSE: TO SUPPORT LAUNCHING ITS OPERATIONS IN DETROIT THIS SCHOOL YEAR | $600,000 |
GREEN LIGHT FUND PURPOSE: GREEN LIGHT FUND DETROIT | $250,000 |
Detroit, MI PURPOSE: GENERAL SUPPORT | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |