Susan A & Donald P Babson Charitable Foundation Of 1993
- Assets
- $4.2m
- Revenue
- $475.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 04-6782460
Organization Overview
Susan A & Donald P Babson Charitable Foundation Of 1993 is located in Wilmington, DE. The organization was established in 1995. 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. Susan A & Donald P Babson Charitable Foundation Of 1993 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 12/2022, Susan A & Donald P Babson Charitable Foundation Of 1993 generated $475.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $386.4k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 4 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, Susan A & Donald P Babson Charitable Foundation Of 1993 has awarded 172 individual grants totaling $547,576. 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 |
|---|---|---|---|
Wilmington Trust Company Trustee | 1 | $44,012 | |
Deborah Babson Trustee | 1 | $0 | |
Averill Babson Trustee | 1 | $0 | |
James A Babson Trustee | 1 | $0 | |
Richard L Babson Trustee | 1 | $0 | |
Ray Considine Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $134,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $341,478 |
| Capital Gain Net Income | $341,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $475,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,012 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $81,229 |
| Contributions, gifts, grants paid | $305,152 |
| Total expenses and disbursements | $386,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,418 |
| Savings and temporary cash investments | $285,871 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,177,838 |
| 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, Susan A & Donald P Babson Charitable Foundation Of 1993 has awarded $305,152 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
PATHWAY TO POSSIBLE PURPOSE: GENERAL | $10,000 |
THE AMERICAN FUND FOR EMMANUEL PURPOSE: GENERAL | $20,000 |
BRADY CENTR TO PREVENT GUN VIOLENCE PURPOSE: GENERAL | $2,000 |
HUMAN RIGHTS WATCH PURPOSE: GENERAL | $10,000 |
MEENAKSHI FOUNDATION INC PURPOSE: GENERAL | $10,000 |
PLANNED PARENTHOOD FEDERATION PURPOSE: GENERAL | $1,000 |