Iger Bay Foundation Ea0210983
- Assets
- $8.0m
- Revenue
- $7.8m
- Investments
- $2.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 80-0875813
Organization Overview
Iger Bay Foundation Ea0210983 is located in Wilmington, DE. The organization was established in 2013. 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. Iger Bay Foundation Ea0210983 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, Iger Bay Foundation Ea0210983 generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $8.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Iger Bay Foundation Ea0210983 has awarded 65 individual grants totaling $16,504,833. 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 |
|---|---|---|---|
Goldman Sachs Trust Company Administrative Trustee | 3 | $61,328 | |
Kristine Bay Individual Trustee | 1 | $0 | |
Robert A Iger Individual Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,803,156 |
| Capital Gain Net Income | $7,803,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,817,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,328 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $183,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $244,882 |
| Contributions, gifts, grants paid | $8,447,500 |
| Total expenses and disbursements | $8,692,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123 |
| Savings and temporary cash investments | $5,198,911 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,047,907 |
| 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 | $2,200,000 |
| Total liabilities | $2,200,000 |
Grants Awarded
Over the last fiscal year, Iger Bay Foundation Ea0210983 has awarded $11,947,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL | $5,000,000 |
Washington, DC PURPOSE: GENERAL | $2,500,000 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: GENERAL | $1,100,000 |
Beverly Hills, CA PURPOSE: GENERAL | $1,000,000 |
Chicago, IL PURPOSE: GENERAL | $1,000,000 |
Washington, DC PURPOSE: GENERAL | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |