Digs Foundation
- Assets
- $1.0m
- Revenue
- $36.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Chatham, MA
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-6774819
Organization Overview
Digs Foundation is located in Chatham, MA. 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. Digs 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, Digs Foundation generated $36.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $70.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Digs Foundation has awarded 170 individual grants totaling $518,617. 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 |
|---|---|---|---|
Maryann Shafter Treasurer/trustee | 10 | $0 | |
Andy Shafter President/clerk/trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,152 |
| Dividends & Interest | $25,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,064 |
| Capital Gain Net Income | $9,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $36,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $4 |
| Contributions, gifts, grants paid | $70,377 |
| Total expenses and disbursements | $70,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,033,797 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,033,797 |
| Accounts payable and accrued expenses | $33,866 |
| 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 | $33,866 |
Grants Awarded
Over the last fiscal year, Digs Foundation has awarded $70,377 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CAFE RECONCILE PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $1,000 |
BOSTON COLLEGE PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $5,000 |
CARDINAL CUSHING CENTER SCHOOL PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $2,000 |
CAMPAIGN FOR CATHOLIC SCHOOLS PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $11,000 |
CATHEDRAL HIGH SCHOOL BOSTON PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $5,000 |
CHICAGO YOUTH CENTER PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATION | $500 |