Cornell Douglas Foundation Inc
- Assets
- $57.9m
- Revenue
- $7.7m
- Investments
- $50.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 65-1287707
Organization Overview
Cornell Douglas Foundation Inc is located in Bethesda, MD. The organization was established in 2006. 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. Cornell Douglas 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, Cornell Douglas Foundation Inc generated $7.7m in total revenue. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 55.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Cornell President & Director | 40 | $0 | |
Holly Cornell Lowen Secretary & Director | 4 | $0 | |
Alex Cornell Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130 |
| Dividends & Interest | $1,231,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,484,410 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,716,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,418 |
| Depreciation | $2,458 |
| Occupancy | $30,260 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276,544 |
| Total operating and administrative expenses | $317,305 |
| Contributions, gifts, grants paid | $4,622,860 |
| Total expenses and disbursements | $4,940,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,028 |
| Savings and temporary cash investments | $7,690,631 |
| 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 | $78,335 |
| Net Land, buildings, and equipment | $3,459 |
| Other assets | $350 |
| Total assets | $57,870,904 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cornell Douglas Foundation Inc has awarded $4,622,860 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GENERAL SUPPORT | $4,607,000 |
VARIOUS CONTRIBUTIONS - PURPOSE: GENERAL SUPPORT | $15,860 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornell Douglas Foundation Inc has recieved totaling $64,565,890.
| Awarding Organization | Amount |
|---|---|
Wallace Genetic Foundation Ii Inc Washington, DC PURPOSE: CAPITALENDOWMENTGRANT | $64,565,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |