Daniels Fund
- Assets
- $1.3b
- Revenue
- -$1.1m
- Investments
- $1.2b
- Employees
- 0
- Location
- Denver, CO
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 84-1393308
Organization Overview
Daniels Fund is located in Denver, CO. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Daniels Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Daniels Fund has awarded 1,579 individual grants totaling $163,040,541. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DANIELS FUND GRANTS PROGRAM - THE GRANTS PROGRAM PROVIDES GRANTS TO SUPPORT HIGHLY EFFECTIVE NONPROFIT ORGANIZATIONS IN OUR FOUR-STATE REGION, AS WELL AS SOME PROGRAMS WITH A NATIONAL IMPACT. BILL DANIELS PERSONALLY DEFINED THE GEOGRAPHIC AREAS WE SERVE, AS WELL AS OUR GRANT FUNDING AREAS: AGING, AMATEUR SPORTS, DISABILITIES, DRUG AND ALCOHOL ADDICTION, EARLY CHILDHOOD EDUCATION, HOMELESS AND DISADVANTAGED, K-12 EDUCATION REFORM, AND YOUTH DEVELOPMENT.
DANIELS FUND SCHOLARSHIP PROGRAM - THE DANIELS FUND SCHOLARSHIP PROGRAM CONSISTS OF TWO DISTINCT COLLEGE SCHOLARSHIP PROGRAMS. THE DANIELS SCHOLARSHIP PROGRAM PROVIDES FOUR-YEAR COLLEGE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO DEMONSTRATE EXCEPTIONAL CHARACTER, LEADERSHIP, A COMMITMENT TO SERVING THEIR COMMUNITIES, WELL-ROUNDED PERSONALITY, AND EMOTIONAL MATURITY. THE BOUNDLESS OPPORTUNITY SCHOLARSHIP PROGRAM PROVIDES FUNDING TO SELECT COLLEGES AND UNIVERSITIES TO OFFER SCHOLARSHIPS DIRECTLY TO THEIR NON-TRADITIONAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brown Cfo/treas | 40 | $300,463 | |
Hank Brown Director | 3 | $55,268 | |
Brian Deevy Director | 3 | $54,268 | |
John Fitzgerald Director | 3 | $56,402 | |
William Fowler Senior VP | 40 | $293,719 | |
Nicole Frazier Sr. Vp-8/22 | 40 | $160,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prosono Llc | 12/30/22 | $61,484 |
Monticello Associates Inc | 12/30/22 | $700,000 |
Jeb Dickey | 12/30/22 | $150,000 |
Kundinger Corder & Montoya Pc | 12/30/22 | $51,950 |
Rassman Designs Llc | 12/30/22 | $50,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116,046 |
| Dividends & Interest | $3,403,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,460,658 |
| Capital Gain Net Income | $36,025,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$42,091,051 |
| Total Revenue | -$1,110,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,130,302 |
| Other employee salaries and wages | $2,723,062 |
| Pension plans, employee benefits | $1,171,352 |
| Interest | $0 |
| Taxes | $393,843 |
| Depreciation | $466,253 |
| Occupancy | $773,009 |
| Travel, conferences, and meetings | $872,554 |
| Printing and publications | $103,021 |
| Other expenses | $85,141 |
| Total operating and administrative expenses | $10,984,722 |
| Contributions, gifts, grants paid | $63,247,381 |
| Total expenses and disbursements | $74,232,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,950 |
| Savings and temporary cash investments | $12,737,887 |
| Net Accounts receivable | $465,191 |
| 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 | $684,044,215 |
| Net Land, buildings, and equipment | $11,112,435 |
| Other assets | $0 |
| Total assets | $1,260,081,162 |
| Accounts payable and accrued expenses | $3,491 |
| 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 | $68,237 |
| Total liabilities | $71,728 |
Grants Awarded
Over the last fiscal year, Daniels Fund has awarded $76,979,640 in support to 745 organizations.
| Grant Recipient | Amount |
|---|---|
12-24 CLUB INCORPORATED PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
50CAN INC PURPOSE: NEWMEXICOKIDSCAN | $300,000 |
50CAN INC PURPOSE: NEWMEXICOKIDSCAN | $40,000 |
5280 HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT & REPLICATION FEASIBILITY | $200,000 |
A PRECIOUS CHILD PURPOSE: PRECIOUS ESSENTIALS AND BASICS 4 BABIES | $50,000 |
ABILITY CONNECTION COLORADO PURPOSE: CREATIVE OPTIONS FOR EARLY EDUCATION | $50,000 |