Maffei Foundation
- Assets
- $8.2m
- Revenue
- $931.4k
- Investments
- $7.5m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 45-4040790
Organization Overview
Maffei Foundation is located in Denver, CO. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Maffei 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 12/2023, Maffei Foundation generated $931.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maffei Foundation has awarded 223 individual grants totaling $33,176,434. 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 |
|---|---|---|---|
Gregory B Maffei Director, President, Treas | 5 | $0 | |
Jeffrey C Kirwood Director, V. President, Se | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $897,503 |
| Capital Gain Net Income | $897,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $902 |
| Total Revenue | $931,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $140,153 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $143,983 |
| Contributions, gifts, grants paid | $5,624,020 |
| Total expenses and disbursements | $5,768,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,167 |
| Savings and temporary cash investments | $0 |
| 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 | $742,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,178,868 |
| 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 | $2,504,810 |
| Total liabilities | $2,504,810 |
Grants Awarded
Over the last fiscal year, Maffei Foundation has awarded $5,624,020 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CSU FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $500 |
DARTMOUTH COLLEGE FUND PURPOSE: CHARITABLE CONTRIBUTION | $4,639,720 |
DARTMOUTH FORMULA RACING PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
GROTON SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
HARVARD BUSINESS PURPOSE: CHARITABLE CONTRIBUTION | $700,000 |