Deloitte Foundation
- Assets
- $61.8m
- Revenue
- $17.9m
- Investments
- $39.5m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 01/1943
- Data as of
- 05/2022
- EIN
- 13-6400341
Organization Overview
Deloitte Foundation is located in Stamford, CT. The organization was established in 1943. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Deloitte 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 05/2022, Deloitte Foundation generated $17.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $22.0m during the year ending 05/2022. 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 2017, Deloitte Foundation has awarded 1,595 individual grants totaling $59,758,380. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EDUCATION PROGRAMS WHICH ARE HELPING TO DEVELOP TALENT OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING GIFTS PROGRAM - THE ORGANIZATION SUPPORTS HIGHER EDUCATION THROUGH CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.
DOCTORAL FELLOWSHIP PROGRAM - THE ORGANIZATION PROVIDES FINANCIAL SUPPORT (FELLOWSHIPS) TO TOP U.S. ACCOUNTING DOCTORAL STUDENTS TO HELP STRENGTHEN THE PIPELINE OF PHD-QUALIFIED ACCOUNTING FACULTY.
EDUCATIONAL SUPPORT - THE ORGANIZATION CONTINUES TO EVOLVE ALONGSIDE EDUCATION, HELPING TO SUPPORT EDUCATORS AND DEVELOP DIVERSE FUTURE LEADERS IN THE FIELDS OF AUDIT, TAX, ADVISORY AND CONSULTING. THE ORGANIZATION PROVIDES A VARIETY OF PROGRAMS AND INITIATIVES FOR FACULTY AND STUDENTS TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Foutty Chair | OfficerTrustee | 1.5 | $0 |
Sam Silvers Secretary/treasurer | OfficerTrustee | 1.5 | $0 |
Erin Scanlon President | OfficerTrustee | 10 | $0 |
Sean Morris Director-At-Large | Trustee | 1.5 | $0 |
Prateep Menon Director-At-Large | Trustee | 1.5 | $0 |
Paul Wellener Director-At-Large | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,885,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,885,012 |
| Total Program Service Revenue | $0 |
| Investment income | $1,991,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,876,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,445,559 |
| Grants and other assistance to domestic individuals. | $288,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,044 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,174 |
| Fees for services: Other | $95,479 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $14,992 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,052 |
| Total functional expenses | $21,952,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,229,121 |
| Savings and temporary cash investments | $12,203,772 |
| Pledges and grants receivable | $6,876,147 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,464,192 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,773,232 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,650,385 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,650,385 |
| Net assets without donor restrictions | $3,195,687 |
| Net assets with donor restrictions | $2,927,160 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,773,232 |
Grants Awarded
Over the last fiscal year, Deloitte Foundation has awarded $16,077,425 in support to 322 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: CRISTO REY NETWORK SCHOLARSHIPS | $1,320,000 |
Greenbelt, MD PURPOSE: TWO-YEAR/FOUR-YEAR BRIDGE PILOT PROGRAM | $670,000 |
Milpitas, CA PURPOSE: VIRTUAL MENTORING PROGRAM | $625,000 |
Los Angeles, CA PURPOSE: FY'21 MATCHING GIFTS & DELOITTE FANTAXTIC CASE STUDY COMPETITION & MICHELLE GO SCHOLARSHIP FUNDS | $601,075 |
New York, NY PURPOSE: FY'21 MATCHING GIFTS & MICHELLE GO/DELOITTE FOUNDATION SCHOLARSHIP FUNDS | $525,556 |
Chicago, IL PURPOSE: THREE-YEAR EXPERIENCE AND PROFESSIONAL MENTORING PROGRAM & MARKETPLACE GRANT | $525,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Deloitte Foundation has recieved totaling $35,005.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: PHILANTHROPY, VOLUNTEERISM AND GRANTMAKING | $25,000 |
Workday Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |