Mary Duke Biddle Foundation
- Assets
- $38.3m
- Revenue
- $3.1m
- Investments
- $37.0m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 06/1958
- Data as of
- 12/2022
- EIN
- 13-6068883
Organization Overview
Mary Duke Biddle Foundation is located in Durham, NC. The organization was established in 1958. 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. Mary Duke Biddle 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 12/2022, Mary Duke Biddle Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 7 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 2016, Mary Duke Biddle Foundation has awarded 525 individual grants totaling $10,149,163. 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 |
|---|---|---|---|
Margaret Mimi O'brien Executive Director | 40 | $182,261 | |
Dr Yomi Adigun Treasurer | 5 | $6,000 | |
George Biddle Trustee | 5 | $6,000 | |
C Russell Bryan Vice Chair | 5 | $6,000 | |
Lois Deloatch Trustee | 5 | $6,000 | |
N Allison Haltom Secretary | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $42,439 |
| Dividends & Interest | $394,073 |
| Net Rental Income | $1,347 |
| Net Gain on Sale of Assets | $2,520,258 |
| Capital Gain Net Income | $2,520,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $121,790 |
| Total Revenue | $3,094,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,714 |
| Other employee salaries and wages | $65,932 |
| Pension plans, employee benefits | $40,325 |
| Interest | $27,880 |
| Taxes | $118,057 |
| Depreciation | $15 |
| Occupancy | $33,021 |
| Travel, conferences, and meetings | $13,632 |
| Printing and publications | $0 |
| Other expenses | $667,988 |
| Total operating and administrative expenses | $1,243,692 |
| Contributions, gifts, grants paid | $1,710,495 |
| Total expenses and disbursements | $2,954,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,656 |
| Savings and temporary cash investments | $1,277,138 |
| 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 | $37,031,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,541 |
| Total assets | $38,339,116 |
| 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, Mary Duke Biddle Foundation has awarded $2,206,735 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DANCE FESTIVAL PURPOSE: 2022 HISTORICAL RELATIONSHIP | $35,000 |
ARTSPACE INC PURPOSE: 2022 ARTS OPERATING BUDGET | $10,000 |
AUDACITY LABS PURPOSE: WORK STUDY OPPORTUNITIES FOR DUKE UNDERGRADS AND ENTREPRENEURSHIP CAMP WITH DURHAM PUBLIC SCHOOLS | $5,000 |
BOYS & GIRLS CLUBS OF CENTRAL CAROLINA PURPOSE: EDUCATION GRANT | $10,000 |
BURNING COAL THEATRE COMPANY (LEGAL NAME DAVNER THEATRICALS) PURPOSE: 2022 ARTS OPERATING GRANT | $10,000 |
AUGUSTINE LITERACY PROJECT OF THE TRIANGLE PURPOSE: K-12 EDUCATION | $10,000 |