Philip F Dupont Tr Ud For University Of Virginia 1028-2 Nect

Organization Overview

Philip F Dupont Tr Ud For University Of Virginia 1028-2 Nect is located in Wilmington, DE. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philip F Dupont Tr Ud For University Of Virginia 1028-2 Nect 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, Philip F Dupont Tr Ud For University Of Virginia 1028-2 Nect generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FURTHERING THE GOALS AND OBJECTIVES OF THE UNIVERSITY OF VIRGINIA. TO FULFILL THE STATED DESIRE OF THE LATE PHILIP F DUPONT EXPRESSED ON 1/21/1927 - TO PAY OVER INCOME TO UNIVERSITY OF VIRGINIA FOR SCHOLARSHIPS FOR POOR AND WORTHY STUDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY OF VIRGINIA, PO BOX 9012, CHARLOTTESVILLE, VA 22906


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,878,523
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,309,063
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,749,450

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