Longwood Foundation Inc
- Assets
- $774.1m
- Revenue
- $118.2m
- Investments
- $653.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1940
- Data as of
- 09/2022
- EIN
- 51-0066734
Organization Overview
Longwood Foundation Inc is located in Wilmington, DE. The organization was established in 1940. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Longwood Foundation Inc 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, Longwood Foundation Inc generated $118.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $46.2m during the year ending 09/2022. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Longwood Foundation Inc has awarded 826 individual grants totaling $572,154,345. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALYSTS TOGETHER LEADERSHIP COHORT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleuthere I Du Pont II President (employee / Non-Voting) | 40 | $378,413 | |
Dr M Lynne Du Pont Vice President & Trustee | 1 | $0 | |
Croderick Maroney Secretary & Trustee | 1 | $0 | |
Charles L Copeland Chairman & Trustee | 1 | $0 | |
Gerret Van S Copeland Trustee | 1 | $0 | |
Natalie A Du P Reese Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windmark Inv Partners | 9/29/23 | $732,979 |
Focused Investor | 9/29/23 | $434,737 |
Kiltearn Investment Management | 9/29/23 | $324,723 |
Fbw Consulting Llc | 9/29/23 | $262,115 |
Catchafire Consulting | 9/29/23 | $118,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,650,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,520,289 |
| Capital Gain Net Income | $102,513,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,364 |
| Total Revenue | $118,173,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $353,657 |
| Other employee salaries and wages | $623,458 |
| Pension plans, employee benefits | $482,464 |
| Interest | $0 |
| Taxes | $1,624,033 |
| Depreciation | $0 |
| Occupancy | $101,973 |
| Travel, conferences, and meetings | $34,138 |
| Printing and publications | $0 |
| Other expenses | $471,508 |
| Total operating and administrative expenses | $9,446,233 |
| Contributions, gifts, grants paid | $36,718,397 |
| Total expenses and disbursements | $46,164,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,716 |
| Savings and temporary cash investments | $119,371,692 |
| Net Accounts receivable | $196,785 |
| Net Pledges Receivable | $213,978 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $753,364 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,990 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $642,282,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $774,066,571 |
| Accounts payable and accrued expenses | $622,956 |
| Grants payable | $75,617,641 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $247,132 |
| Total liabilities | $76,487,729 |
Grants Awarded
Over the last fiscal year, Longwood Foundation Inc has awarded $103,383,168 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
4 YOUTH PRODUCTIONS INC PURPOSE: THREE-YEAR CAPACITY BUILDING PLAN | $160,000 |
A BETTER CHANCE FOR OUR CHILDREN INC PURPOSE: DEVELOPMENT & POST-PERMANENCY POSITIONS | $163,000 |
ACADEMIA ANTONIA ALONSO CHARTER SCHOOL PURPOSE: SUPPORT AAACS EXPANSION | $600,000 |
ALBERT EINSTEIN ACADEMY PURPOSE: THE EXCELLENCE PROJECT | $50,000 |
AMERICAN RED CROSS DELMARVA CHAPTER PURPOSE: WILMINGTON BLOOD DONOR CENTER | $150,000 |
BLACK MOTHERS IN POWER PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |