D Addario Foundation Inc

Organization Overview

D Addario Foundation Inc is located in Farmingdale, NY. The organization was established in 1983. 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. D Addario Foundation Inc 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, D Addario Foundation Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $724.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, D Addario Foundation Inc has awarded 1,538 individual grants totaling $3,662,323. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,002,536
Interest on Savings $1
Dividends & Interest $12,047
Net Rental Income$0
Net Gain on Sale of Assets $16,813
Capital Gain Net Income $16,813
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,031,397

Grants Awarded

Over the last fiscal year, D Addario Foundation Inc has awarded $382,631 in support to 143 organizations.

Grant RecipientAmount

UNITED SOUND INC

PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC

$10,000

MERIT SCHOOL OF MUSIC- SCHOLARSHIP

PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS

$7,000

NEW CITY KIDS- SCHOLARSHIP

PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS

$7,000

LEAD GUITAR- SCHOLARSHIP

PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS

$7,000

ORCHKIDS- SCHOLARSHIP

PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS

$7,000

AUSTIN CLASSICAL GUITAR- SCHOLARSHIP

PURPOSE: THE SCHOLARSHIP WILL ENCOURAGE GROWTH IN PARTICIPATION OF THE MUSIC EDUCATION PROGRAMS

$7,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that D Addario Foundation Inc has recieved totaling $119,000.

Awarding OrganizationAmount
Rita & Herbert Z Gold Charitable Tr

Dunedin, FL

PURPOSE: SCHOLARSHIP FUND

$100,000
Act Foundation Inc

Atlanta, GA

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
Matricaria Fam Foundation

Scottsdale, AZ

PURPOSE: MUSIC EDUCATION

$5,000
The Central National-Gottesman Foundation

Purchase, NY

PURPOSE: GENERAL PURPOSE

$4,000
View Grant Recipient Profile

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