Davis Family Foundation
- Assets
- $952.9m
- Revenue
- $74.5m
- Investments
- $905.6m
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 12/2002
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Davis Family Foundation generated $74.5m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $43.1m during the year ending 12/2019. While expenses have increased by 3.3% per year over the past 2 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 2018, Davis Family Foundation has awarded 59 individual grants totaling $81,159,916. 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 | $50,000,000 |
| Interest on Savings | $83,760 |
| Dividends & Interest | $19,649,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,707,378 |
| Capital Gain Net Income | $4,707,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,873 |
| Total Revenue | $74,464,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $818,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,283 |
| Total operating and administrative expenses | $1,352,515 |
| Contributions, gifts, grants paid | $41,754,916 |
| Total expenses and disbursements | $43,107,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006,247 |
| Savings and temporary cash investments | $46,287,057 |
| 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 | $1,889,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $952,920,743 |
| 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 $41,754,916 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: GENERAL USE | $30,050,000 |
Villanova, PA PURPOSE: GENERAL USE | $6,000,000 |
NATIONAL SENIOR CAMPUSES INC PURPOSE: GENERAL USE | $1,900,000 |
Baltimore, MD PURPOSE: GENERAL USE | $1,125,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: GENERAL USE | $600,000 |
JOHNS HOPKINS MEDICINE PURPOSE: GENERAL USE | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Diana Davis Spencer Foundation Bethesda, MD | $1,443,215,686 | $32,545,761 |
Davis Family Foundation Hanover, MD | $952,920,743 | $74,464,123 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $1,477,774 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $13,330,784 | $33,071,444 |
Maguire Foundation West Conshohocken, PA | $93,320,439 | $22,409,342 |
Wallace Global Fund Ii Washington, DC | $134,847,963 | $8,220,868 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $69,591,715 | $4,013,715 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $53,871,848 | $16,597,618 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $22,659,934 | $11,047,608 |
Living Legacy Foundation Wilmington, DE | $132,494,642 | $6,702,131 |