Day Foundation
- Assets
- $0.0
- Revenue
- $13.7m
- Investments
- $153.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1962
- Data as of
- 12/2020
- EIN
- 64-6025122
Organization Overview
Day Foundation is located in Memphis, TN. The organization was established in 1962. 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. Day 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 12/2020, Day Foundation generated $13.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $9.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Day Foundation has awarded 204 individual grants totaling $73,796,825. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Richard Buchignani President/trustee | 20 | $135,000 | |
William G Griesbeck Vp-Treasurer/trustee | 20 | $135,000 | |
C Thomas Whitman Trustee As Necessary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Capital Partners Llc | 12/30/20 | $286,289 |
Reynolds Bone & Griesbeck Plc | 12/30/20 | $54,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $177,042 |
| Dividends & Interest | $781,074 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,548 |
| Total Revenue | $13,711,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,473,514 |
| Contributions, gifts, grants paid | $7,787,320 |
| Total expenses and disbursements | $9,260,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,880,967 |
| Other assets | $1,032,637 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Day Foundation has awarded $9,072,400 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH VILLAGES PURPOSE: NATIONAL GROWTH PLAN | $3,000,000 |
Memphis, TN PURPOSE: OPERATING SUPPORT | $1,800,000 |
Memphis, TN PURPOSE: SCHOLARSHIPS | $1,350,000 |
MADONNA LEARNING CENTER PURPOSE: OPERATING SUPPORT | $610,000 |
THE CATHOLIC DIOCESE OF MEMPHIS PURPOSE: OPERATING SUPPORT | $325,000 |
MEMPHIS ALLIES PURPOSE: OPERATING SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |