Platt Family Foundation Inc
- Assets
- $3.2m
- Revenue
- $36.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-1979492
Organization Overview
Platt Family Foundation Inc is located in Wilmington, DE. The organization was established in 2019. 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. Platt Family Foundation Inc 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, Platt Family Foundation Inc generated $36.8k 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 (73.2%) each year. All expenses for the organization totaled $133.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Platt Family Foundation Inc has awarded 51 individual grants totaling $207,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Platt Dir, Treas | 1 | $0 | |
Jeremy Platt Dir, Sec | 1 | $0 | |
Georgiana Platt Dir, VP | 1 | $0 | |
Ira Platt Pres, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $258 |
| Dividends & Interest | $19,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,264 |
| Capital Gain Net Income | $790,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,994 |
| Total operating and administrative expenses | $53,633 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $133,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,199,483 |
| 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 | $58,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,238,360 |
| 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, Platt Family Foundation Inc has awarded $80,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: PLATT FAMILY FOUNDATION ENDOWED SCHOLARSHIP FUND | $20,000 |
Atlanta, GA PURPOSE: EMORY JUSTICE CENTER | $10,000 |
SON OF A SAINT PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Southport, CT PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Wilton, CT PURPOSE: CHARITABLE EVENT | $3,500 |
New Orleans, LA PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |