Dorrance Family Foundation
- Assets
- $67.3m
- Revenue
- $14.2m
- Investments
- $67.1m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 86-0691863
Organization Overview
Dorrance Family Foundation is located in Scottsdale, AZ. The organization was established in 1992. 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. Dorrance 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 12/2021, Dorrance Family Foundation generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $6.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dorrance Family Foundation has awarded 861 individual grants totaling $43,701,920. 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 |
|---|---|---|---|
Carrie Ostroski Executive Director | 40 | $222,417 | |
Bennett Dorrance Jr President | 2 | $0 | |
Jacquelynn W Dorrance Secretary | 2 | $0 | |
Ashley Dorrance Kaplan Vice Presidnet | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dfe Alternative Investments Llc | 12/30/21 | $352,871 |
Dfe Private Equity Investments Llc | 12/30/21 | $82,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,006,333 |
| Interest on Savings | $367 |
| Dividends & Interest | $1,228,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,968,287 |
| Capital Gain Net Income | $5,968,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,618 |
| Total Revenue | $14,200,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,417 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,933 |
| Interest | $62,982 |
| Taxes | $231,549 |
| Depreciation | $3,850 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,433 |
| Printing and publications | $0 |
| Other expenses | $17,442 |
| Total operating and administrative expenses | $1,067,015 |
| Contributions, gifts, grants paid | $5,229,461 |
| Total expenses and disbursements | $6,296,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $183,871 |
| 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 | $53,117,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,269,457 |
| 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 | $6,353 |
| Other liabilities | $0 |
| Total liabilities | $6,353 |
Grants Awarded
Over the last fiscal year, Dorrance Family Foundation has awarded $5,229,461 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: TO SUPPORT DORRANCE HAWAII INNOVATION FUND | $1,650,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: TO SUPPORT DRIVING REEF RESTORATION, RESILIENCE & RECOVERY ON HAWAII ISLAND | $1,000,000 |
NATIONAL AUDUBON SOCIETY PURPOSE: TO SUPPORT PROTECTING AND CONSERVING COASTAL LAGOON HABITAT IN SOUTHERN CALIFORNIA FOR BIRDS AND PEOPLE | $500,000 |
Pacific Palisades, CA PURPOSE: TO SUPPORT ALDERSGATE CAMPUS ACQUISITION CAPITAL CAMPAIGN | $193,000 |
Los Angeles, CA PURPOSE: TO SUPPORT MIDDLE SCHOOL CAMPUS AND EDUCATION MASTER PLAN PROJECT | $166,666 |
MISS FOUNDATION PURPOSE: TO SUPPORT SELAH CAREFARM AND RELATED PROGRAMS | $157,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |