Wolff Family Foundation
- Assets
- $2.5m
- Revenue
- $120.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 84-2986210
Organization Overview
Wolff Family Foundation is located in Wilmington, DE. 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. Wolff 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 12/2023, Wolff Family Foundation generated $120.0k 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 (45.7%) each year. All expenses for the organization totaled $146.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wolff Family Foundation has awarded 47 individual grants totaling $356,624. 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 |
|---|---|---|---|
Joshua Alban VP | 1 | $0 | |
Susan W Alban Dir, Pres | 2 | $0 | |
Patricia R Mintmire Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $845 |
| Dividends & Interest | $79,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,813 |
| Capital Gain Net Income | $39,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,049 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,444 |
| Total operating and administrative expenses | $34,899 |
| Contributions, gifts, grants paid | $111,500 |
| Total expenses and disbursements | $146,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,194 |
| 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 | $2,457,472 |
| 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, Wolff Family Foundation has awarded $111,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DAIRY CENTER FOR THE ARTS PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
JARROW SCHOOL INC PURPOSE: CHARITABLE EVENT | $12,000 |
HOFFMAN INSTITUTE FOUNDATION PURPOSE: FUNDING TO SUPPORT TWO HOFFMAN STUDENTS | $11,000 |
JEWISH FAMILY SERVICES OF COLORADO INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
MEDIA MATTERS FOR AMERICA PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
LOCAL THEATER COMPANY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |