Dedman Foundation
- Assets
- $41.4m
- Revenue
- $1.4m
- Investments
- $10.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 75-2604170
Organization Overview
Dedman Foundation is located in Dallas, TX. The organization was established in 1996. 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. Dedman 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 12/2022, Dedman Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dedman Foundation has awarded 38 individual grants totaling $19,852,124. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE WORK OF CERTAIN "PUBLIC CHARITIES AND UNIVERSITIES THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO SOUTHERN METHODIST UNIVERSITY
GRANT TO UNIVERSITY OF TEXAS AT AUSTIN
GRANT TO SOUTHWEST MEDICAL FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael R Dedman VP & Secretary | OfficerTrustee | 1 | $0 |
Nancy M Dedman Vice President | OfficerTrustee | 1 | $0 |
Robert H Dedman Jr President & Treasurer | OfficerTrustee | 1 | $0 |
Ray L Hunt Director | Trustee | 1 | $0 |
Dr Jay Hartzell Director | Trustee | 1 | $0 |
Dr R Gerald Turner Director | Trustee | 1 | $0 |
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 | $873,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $480,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,354,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,906,259 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,738 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258,462 |
| Fees for services: Other | $80,129 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,886 |
| All other expenses | $613 |
| Total functional expenses | $7,299,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,851,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,028 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,924,871 |
| Investments—other securities | $10,621,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,427,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,495,423 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,495,423 |
| Net assets without donor restrictions | $16,088,822 |
| Net assets with donor restrictions | $18,843,364 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,427,609 |
Grants Awarded
Over the last fiscal year, Dedman Foundation has awarded $6,901,327 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN METHODIST UNIVERSITY PURPOSE: GEENRAL SUPPORT-EDUCATIONAL | $4,298,309 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT-EDUCATIONAL | $2,603,018 |