Dds Foundation
- Assets
- $33.3m
- Revenue
- $4.0m
- Investments
- $32.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2008
- Data as of
- 06/2022
- EIN
- 13-4089802
Organization Overview
Dds Foundation is located in New York, NY. The organization was established in 2008. 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. Dds 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 06/2022, Dds Foundation generated $4.0m 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 (28.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dds Foundation has awarded 105 individual grants totaling $9,645,373. 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 |
|---|---|---|---|
Daniel Schwartz President | 0.25 | $0 | |
Deborah Schwartz Secretary | 0.25 | $0 | |
Gabriella Major Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,811,227 |
| Interest on Savings | $538,772 |
| Dividends & Interest | $582,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $997,355 |
| Capital Gain Net Income | $997,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,053 |
| Total Revenue | $4,038,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $194,886 |
| Taxes | $74,023 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $293,221 |
| Total operating and administrative expenses | $562,130 |
| Contributions, gifts, grants paid | $2,937,544 |
| Total expenses and disbursements | $3,499,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,207 |
| Savings and temporary cash investments | $0 |
| 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 | $14,528,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,292,732 |
| 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, Dds Foundation has awarded $488,149 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF UNITED HATZALAH PURPOSE: TO SUPPORT THE LIFESAVING EFFORTS OF UNITED HATZALAH OF ISRAEL. | $250,000 |
JEWISH CENTER OF ATLANTIC BEACH PURPOSE: TO SUPPORT THE MODERN ORTHODOX SYNAGOGUE. | $18,000 |
PEF ISRAEL ENDOWMENT FUND PURPOSE: TO SUPPORT THE DIRECT DISTRIBUTION OF FUNDS TO SELECTED AND APPROVED CHARITABLE ORGANIZATIONS IN ISRAEL. | $50,000 |
PROJECT TABS PURPOSE: TO SUPPORT COMPANIES THAT ARE NEW TO THE US MARKET, HELPING HTEM TO ESTABLISH THEMSELVES AND BECOME SUCCESSFUL. | $55,000 |
CONGREGATION KEHILATH JESHURUN PURPOSE: TO FOSTER AMONG ITS MEMBERSHIP A LOVE OF GOD AND AN ABIDING COMMITMENT TO HALAKHAH AND MITZVOT. | $25,000 |
PASS-THROUGH CHARITABLE CONTRIBUTION PURPOSE: VARIOUS CONTRIBUTIONS TO FURTHER DONEE'S EXEMPT PURPOSE. | $149 |