F M Kirby Foundation Inc
- Assets
- $303.5m
- Revenue
- $34.3m
- Investments
- $302.5m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 03/1932
- Data as of
- 12/2021
- EIN
- 51-6017929
Organization Overview
F M Kirby Foundation Inc is located in Morristown, NJ. The organization was established in 1932. 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. F M Kirby 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.
Since 2020, F M Kirby Foundation Inc has awarded 503 individual grants totaling $29,699,650. 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 |
|---|---|---|---|
Justin J Kiczek Executive Vice President | 35 | $166,167 | |
Diana L Kostas Treasurer/secretary | 35 | $142,683 | |
S Dillard Kirby President/director | 27 | $133,380 | |
Joann F Tiefau Program Officer | 35 | $129,970 | |
Jefferson W Kirby Vice President | 1 | $0 | |
Laura H Virkler Chairperson | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walter Scott & Partners Limited | 12/30/21 | $1,182,902 |
Vanguard Advisory Services | 12/30/21 | $80,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,532,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,798,314 |
| Capital Gain Net Income | $12,798,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,326 |
| Total Revenue | $34,334,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $572,200 |
| Other employee salaries and wages | $132,750 |
| Pension plans, employee benefits | $156,394 |
| Interest | $0 |
| Taxes | $595,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,515 |
| Printing and publications | $7,567 |
| Other expenses | $119,981 |
| Total operating and administrative expenses | $2,951,710 |
| Contributions, gifts, grants paid | $14,398,500 |
| Total expenses and disbursements | $17,350,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,937 |
| Savings and temporary cash investments | $341,790 |
| 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 | $14,995,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $645,301 |
| Total assets | $303,494,554 |
| Accounts payable and accrued expenses | $579,041 |
| 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 | $1,159,590 |
| Total liabilities | $1,738,631 |
Grants Awarded
Over the last fiscal year, F M Kirby Foundation Inc has awarded $15,161,500 in support to 254 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrenceville, NJ PURPOSE: FOR: SUPPORT OF THE DINING AND ATHLETICS (DAC) COMPLEX | $500,000 |
Durham, NC PURPOSE: TOWARD A CAMPAIGN FOR DURHAM ACADEMY-$412,500 (ALONG WITH $350,000 RELEASED FROM RFD FUND ESTABLISHED IN 2018) IN 2019 & $825,000 IN 2020 AND $412,500 IN 2021 THEREBY NAMING HORTON HALL (THE MIDDLE SCHOOL FINE ARTS AND LANGUAGE BUILDING). | $412,500 |
Chapel Hill, NC PURPOSE: TOWARD THE WEAVERS GROVE: STRENGTHENING THE FABRIC OF OUR COMMUNITY CAMPAIGN- $170,000; PLEDGED FOR LIKE USE-$165,000 IN 2022 AND 2023 | $330,000 |
Winstonsalem, NC PURPOSE: TOWARD COVID RELIEF FUNDS-$250,000; TOWARD THE WAKE FOREST FUND-$25,000; TOWARD THE PROGRAM FOR LEADERSHIP AND CHARACTER- $25,000 | $300,000 |
THE FUQUA SCHOOL OF BUSINESS PURPOSE: FOR: THE ANNUAL FUND-$50,000; RESERVED FOR FUTURE DECISION FUND-$225,000 | $275,000 |
LAFAYETTE COLLEGE KIRBY ATHLETICS ENHANCEMENT GIFT FUND PURPOSE: FOR: KIRBY ATHLETICS ENHANCEMENT GIFT FUND | $275,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |