Drysdale Family Foundation
- Assets
- $1.2m
- Revenue
- $16.6k
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-5177373
Organization Overview
Drysdale Family Foundation is located in San Mateo, CA. The organization was established in 2019. 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. Drysdale Family 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, Drysdale Family Foundation generated $16.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (56.0%) each year. All expenses for the organization totaled $59.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Drysdale Family Foundation has awarded 55 individual grants totaling $197,400. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A NON-PROFIT, NON-STOCK DELAWARE CORPORATION FORMED SOLELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES.
THE FOUNDATION'S FOCUS IS THE FIELD OF EDUCATION THROUGH A SCHOLARSHIP PROGRAM. IT WILL FUNCTION PRIMARILY AS A GRANT MAKING FOUNDATION AND AS SUCH, WILL PROVIDE FINANCIAL SUPPORT FOR ORGANIZATIONS, INDIVIDUALS, AND PROGRAMS CONSISTENT WITH ITS CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES.
THE FOUNDATION WILL ESTABLISH OBJECTIVE AND NONDISCRIMINATORY WRITTEN CRITERIA FOR THE DISTRIBUTION OF ITS FUNDS, AND ALL GRANTS WILL BE MADE IN FURTHERANCE OF THE FOUNDATION'S CHARITABLE PURPOSES.
THE FOUNDATION'S SELECTION PROCESS MAY VARY, BUT IN ANY EVENT, THE FOUNDATION WILL ONLY MAKE A GRANT UPON AN AFFIRMATIVE DETERMINATION THAT THE RECIPIENT IS A SUITABLE GRANTEE OF THE FOUNDATION AND THAT THE GRANT WILL FURTHER THE FOUNDATION'S CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George M Drysdale President And Director | 2 | $0 | |
Mary B Drysdale Director | 1 | $0 | |
Hari Garhwal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $117 |
| Dividends & Interest | $16,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,884 |
| Contributions, gifts, grants paid | $57,500 |
| Total expenses and disbursements | $59,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,172,504 |
| 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 | $1,172,504 |
| 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, Drysdale Family Foundation has awarded $57,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE,RELIGIOUS,EDUCATIONAL,SCIENTIFIC AND LITERARY PURPOSES. | $1,000 |
HARVEY MUDD COLLEGE FOUNDATION OFFICE OF ADVANCEMENT PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE,RELIGIOUS,EDUCATIONAL,SCIENTIFIC AND LITERARY PURPOSES. | $10,000 |
CHRIS CHAPEL BIBLE CHURCH PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES. | $3,000 |
HILLSBOROUGH SCHOOL FOUNDATION PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES. | $10,000 |
GIANTS COMMUNITY FUND PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES. | $2,500 |
PLANNED PARENTHOOD FEDERATION OF AMERICA ATTN ONLINE SERVICES PURPOSE: TO SUPPORT ORGANIZATIONS TO FURTHER THE FOUNDATION'S CHARITABLE,RELIGIOUS,EDUCATIONAL,SCIENTIFIC AND LITERARY PURPOSES. | $1,000 |