Daniel W Dietrich Ii Foundation
- Assets
- $56.6m
- Revenue
- $4.0m
- Investments
- $54.4m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3953762
Organization Overview
Daniel W Dietrich Ii Foundation is located in Philadelphia, PA. The organization was established in 2017. 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. Daniel W Dietrich Ii 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 12/2023, Daniel W Dietrich Ii Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Daniel W Dietrich Ii Foundation has awarded 90 individual grants totaling $34,037,800. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $335,692 |
| Dividends & Interest | $1,004,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,686,614 |
| Capital Gain Net Income | $2,686,614 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,026,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $264,999 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,381 |
| Total operating and administrative expenses | $593,057 |
| Contributions, gifts, grants paid | $3,715,000 |
| Total expenses and disbursements | $4,308,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,191 |
| Savings and temporary cash investments | $1,262,000 |
| 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 | $1,057,073 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $244,326 |
| Total assets | $56,576,261 |
| 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, Daniel W Dietrich Ii Foundation has awarded $3,715,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRISTOL RIVERSIDE THEATER PURPOSE: GENERAL PURPOSES | $15,000 |
CURTIS INSTITUTE OF MUSIC PURPOSE: YOUNG ALUMNI GRANT PROGRAM | $670,000 |
OMEGA INSTITUTE FOR HOLISTIC STUDIES PURPOSE: GENERAL PURPOSES | $20,000 |
PHILADELPHIA MUSEUM OF ART PURPOSE: THE DANIEL W. DIETRICH II GALLERIES | $2,000,000 |
PLAYPENN INC PURPOSE: GENERAL PURPOSES | $25,000 |
WESTTOWN SCHOOL PURPOSE: CENTER FOR LIVING ARTS PROJECT | $835,000 |