Westly Foundation
- Assets
- $0.0
- Revenue
- $624.0k
- Investments
- $6.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2000
- Data as of
- 12/2020
- EIN
- 94-3368338
Organization Overview
Westly Foundation is located in Wilmington, DE. The organization was established in 2000. 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. Westly 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 12/2020, Westly Foundation generated $624.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. While expenses have increased by 7.6% per year over the past 3 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 2020, Westly Foundation has awarded 78 individual grants totaling $1,907,973. 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 |
|---|---|---|---|
Steven P Westly Chairman, Dir, Pres | 1 | $0 | |
Anita W Yu Sec, Dir, Treas | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $422,275 |
| Interest on Savings | $1,377 |
| Dividends & Interest | $79,798 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,788 |
| Total Revenue | $624,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $8,368 |
| Depreciation | $0 |
| Occupancy | $99 |
| Travel, conferences, and meetings | $402 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $263,771 |
| Contributions, gifts, grants paid | $1,047,712 |
| Total expenses and disbursements | $1,311,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,103,148 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Westly Foundation has awarded $860,261 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
CENTRAL CALIFORNIA FOOD BANK PURPOSE: CENTRAL CALIFORNIA FOOD BANK: FUND TWO NEW SCHOOL-BASED FOOD PANTRY PROGRAMS | $50,000 |
Washington, DC PURPOSE: STAFF ATTORNEY HOUSED IN KIND'S FRESNO, CA OFFICE | $50,000 |
SECOND HARVEST OF SILICON VALLEY PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Fresno, CA PURPOSE: GRAND PRIZE WINNER | $40,000 |
Los Alamitos, CA PURPOSE: GRAND PRIZE WINNER | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |