Midday Foundation

Organization Overview

Midday Foundation is located in Gladwyne, PA. The organization was established in 2016. 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. Midday 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 12/2021, Midday Foundation generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Midday Foundation has awarded 75 individual grants totaling $9,641,600. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DOES NOT DIRECTLY OR ACTIVELY CONDUCT ANY CHARITABLE ACTIVITIES. THE FOUNDATION DOES NOT MAINTAIN ANY SIGNIFICANT INVOLVEMENT GRANT PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen P Kelly
President
$0
Susan S Kelly
Treasurer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $5,000,000
Interest on Savings $22,645
Dividends & Interest $69,563
Net Rental Income$0
Net Gain on Sale of Assets $913,313
Capital Gain Net Income $913,313
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $6,005,521

Grants Awarded

Over the last fiscal year, Midday Foundation has awarded $1,610,000 in support to 12 organizations.

Grant RecipientAmount

LODIGIANO FILM DEVELOPMENT

Org PageRecipient Profile

King Of Prussia, PA

PURPOSE: GENERAL CONTRIBUTION

$500,000

COBBS CREEK RESTORATION & COMMUNITY FOUNDATION

PURPOSE: GENERAL CONTRIBUTION

$500,000

TRAUMA RESEARCH FOUNDATION

Org PageRecipient Profile

Brookline, MA

PURPOSE: GENERAL CONTRIBUTION

$100,000

CHILDREN'S HOSPITAL OF PHILADELPHIA - ASTHMA PROGRAM

PURPOSE: GENERAL CONTRIBUTION

$100,000

PENN MED DEVEL- KELLY FAMILY FUND FOR HEAD AND NECK CANCERS

PURPOSE: GENERAL CONTRIBUTION

$100,000

CHILDREN'S HOSPITAL OF PHILADELPHIA - CANCER CENTER

PURPOSE: GENERAL CONTRIBUTION

$100,000
View Grant Profile

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