Davis Family Foundation
- Assets
- $1.3b
- Revenue
- $64.5m
- Investments
- $1.3b
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 01-0751429
Organization Overview
Davis Family Foundation is located in Hanover, MD. The organization was established in 2002. 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. Davis 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, Davis Family Foundation generated $64.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $61.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Davis Family Foundation has awarded 163 individual grants totaling $242,337,248. 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 |
|---|---|---|---|
James C Davis President/director | 0 | $0 | |
Kim J Davis Vp/sec/treas/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000,000 |
| Interest on Savings | $106,205 |
| Dividends & Interest | $20,137,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,993,508 |
| Capital Gain Net Income | $13,993,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $238,570 |
| Total Revenue | $64,475,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,103,875 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $428,471 |
| Total operating and administrative expenses | $2,267,350 |
| Contributions, gifts, grants paid | $59,467,416 |
| Total expenses and disbursements | $61,734,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,518,581 |
| Savings and temporary cash investments | $36,431,633 |
| 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 | $1,465,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,302,672,743 |
| 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, Davis Family Foundation has awarded $55,390,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMIGOS DE JESUS PURPOSE: GENERAL USE | $100,000 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL USE | $50,000 |
CAVES VALLEY GOLF CLUB FOUNDATION PURPOSE: GENERAL USE | $150,000 |
CHARLESTOWN BENEVOLENT CARE FOUNDATION INC PURPOSE: GENERAL USE | $100,000 |
CHILDREN'S SCHOLARSHIP FUND OF BALTIMORE INC PURPOSE: GENERAL USE | $100,000 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: GENERAL USE | $10,000 |