Velma F Dulancy Foundation

Organization Overview

Velma F Dulancy Foundation is located in Wilmington, DE. 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. Velma F Dulancy 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, Velma F Dulancy Foundation generated $74.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.3%) each year. All expenses for the organization totaled $135.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Velma F Dulancy Foundation has awarded 11 individual grants totaling $245,000. 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 $94
Dividends & Interest $29,797
Net Rental Income$0
Net Gain on Sale of Assets $45,039
Capital Gain Net Income $45,206
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $74,930

Grants Awarded

Over the last fiscal year, Velma F Dulancy Foundation has awarded $95,000 in support to 2 organizations.

Grant RecipientAmount

BLUE RIDGE LITERACY

Org PageRecipient Profile

Roanoke, VA

PURPOSE: GENERAL & UNRESTRICTED

$50,000

LEGAL AID SOCIETY OF ROANOKE VALLEY INC

Org PageRecipient Profile

Roanoke, VA

PURPOSE: GENERAL & UNRESTRICTED

$45,000
View Grant Profile

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