William B Dietrich Foundation
- Assets
- $68.4m
- Revenue
- $8.3m
- Investments
- $63.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 90-0628306
Organization Overview
William B Dietrich Foundation is located in Philadelphia, PA. The organization was established in 2011. 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. William B Dietrich 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, William B Dietrich Foundation generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William B Dietrich Foundation has awarded 121 individual grants totaling $26,068,363. 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 |
|---|---|---|---|
Frank G Cooper ESQ President, Treasurer & Ass | 3 | $161,308 | |
John J Soroko ESQ Secretary & Asst Treasurer | 2 | $161,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,538,548 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,710,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,047,138 |
| Capital Gain Net Income | $3,047,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,296,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $322,615 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $877 |
| Total operating and administrative expenses | $704,606 |
| Contributions, gifts, grants paid | $3,196,481 |
| Total expenses and disbursements | $3,901,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,982 |
| Savings and temporary cash investments | $3,936,936 |
| 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 | $881,243 |
| Investments—other | $7,079,409 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $68,392,359 |
| 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, William B Dietrich Foundation has awarded $3,196,481 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORICAL SOCIETY OF PENNSYLVANIA PURPOSE: EXTERIOR RESTORATION & LIGHTING (3RD OF 3 INSTALLMENTS) | $431,000 |
NEW HORIZONS SENIOR CENTER PURPOSE: GENERAL PURPOSES | $10,000 |
SURREY SERVICES FOR SENIORS PURPOSE: GENERAL OPERATIONS | $10,000 |
UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY PURPOSE: CONSTRUCTION & ESTABLISMENT OF THE EGYPT & NUBIA RESEARHC CENTER AT THE MUSEUM | $1,300,000 |
SAINT MARK'S CHURCH PURPOSE: MASONRY WORK & LIGHTING OF THE LADY CHAPEL | $765,481 |
GERMANTOWN FRIENDS SCHOOL PURPOSE: RENOVATION & CONSTRUCTION OF IMPROVEMENTS ON CAMPUS | $450,000 |