Marvin H Davidson Foundation Inc
- Assets
- $19.3m
- Revenue
- $517.6k
- Investments
- $10.2m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 06/1967
- Data as of
- 12/2022
- EIN
- 13-6217756
Organization Overview
Marvin H Davidson Foundation Inc is located in Vero Beach, FL. The organization was established in 1967. 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. Marvin H Davidson 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 12/2022, Marvin H Davidson Foundation Inc generated $517.6k 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 (20.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marvin H Davidson Foundation Inc has awarded 69 individual grants totaling $3,027,425. 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 |
|---|---|---|---|
Marvin H Davidson President/treasurer/direct | 1 | $0 | |
Scott Davidson Vice-President | 0.25 | $0 | |
Mary Mcdonnell Davidson Vice-President | 0.25 | $0 | |
David M Warren Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,209 |
| Capital Gain Net Income | $90,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $313,020 |
| Total Revenue | $517,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $581 |
| Total operating and administrative expenses | $9,331 |
| Contributions, gifts, grants paid | $1,063,000 |
| Total expenses and disbursements | $1,072,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,026,608 |
| 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 | $9,899,798 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,252,733 |
| 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, Marvin H Davidson Foundation Inc has awarded $1,063,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HACKLEY SCHOOL PURPOSE: CHARITABLE USE | $25,000 |
GREENWICH HOSPITAL PURPOSE: CHARITABLE USE | $25,000 |
HSS HOSPITAL FOR SPECIAL SURGERY PURPOSE: CHARITABLE USE | $25,000 |
JASA PURPOSE: CHARITABLE USE | $50,000 |
MASSASHUSETTS GENERAL HOSPITAL DEPT OF PSYCHIATRY PURPOSE: CHARITABLE USE | $200,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE USE | $100,000 |