The Frederick A Deluca Foundation Inc
- Assets
- $724.6m
- Revenue
- $109.0m
- Investments
- $703.2m
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 65-0755554
Organization Overview
The Frederick A Deluca Foundation Inc is located in Pompano Beach, FL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frederick A Deluca 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 12/2021, Frederick A Deluca Foundation Inc generated $109.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $46.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frederick A Deluca Foundation Inc has awarded 405 individual grants totaling $78,614,163. 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 |
|---|---|---|---|
Jonathan Deluca Director | 1 | $0 | |
Suzanne V Greco Director | 0.25 | $0 | |
Elisabeth Deluca President, Secretary, Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scs Capital Management Llc | 12/30/21 | $1,261,753 |
Forbes Family Trust | 12/30/21 | $848,749 |
Morgan Stanley | 12/30/21 | $658,403 |
Rockridge Capital Holdings Llc | 12/30/21 | $575,864 |
Us Trust | 12/30/21 | $461,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,192,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,610,676 |
| Capital Gain Net Income | $96,610,676 |
| Net ST Capital Gain | $0 |
| Income Modifications | $454,827 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,236,316 |
| Total Revenue | $109,039,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,291,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,959,372 |
| Total operating and administrative expenses | $9,561,627 |
| Contributions, gifts, grants paid | $36,623,631 |
| Total expenses and disbursements | $46,185,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,130,964 |
| Savings and temporary cash investments | $18,348,581 |
| 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 | $224,200,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $965,680 |
| Total assets | $724,648,898 |
| Accounts payable and accrued expenses | $0 |
| 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 | $146,086 |
| Total liabilities | $146,086 |
Grants Awarded
Over the last fiscal year, The Frederick A Deluca Foundation Inc has awarded $36,623,631 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
West Palm Beach, FL PURPOSE: GREAT FUTURES START HERE: A CAMPAIGN FOR TODAY'S YOUTH, TOMORROW'S LEADERS | $1,500,000 |
Fort Lauderdale, FL PURPOSE: DELUCA CENTER FOR NONPROFIT EXCELLENCE | $1,500,000 |
YALE NEW HAVEN HOSPITAL PURPOSE: TO ESTABLISH A CENTER FOR INNOVATION IN HEMATOLOGY RESEARCH | $1,454,565 |
Hollywood, FL PURPOSE: JOE DIMAGGIO CHILDREN'S HOSPITAL EXPANSION PROJECT | $1,000,000 |
Fort Lauderdale, FL PURPOSE: BROWARD UP (UNLIMITED POTENTIAL) | $1,000,000 |
Fairfield, CT PURPOSE: WAKEMAN BOYS & GIRLS CLUB MADISON AVENUE CLUBHOUSE CAPITAL PROJECT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |