Dubose & Dorothy Heyward Memorial Fund
- Assets
- $13.7m
- Revenue
- $1.1m
- Investments
- $13.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1987
- Data as of
- 12/2022
- EIN
- 13-6840999
Organization Overview
Dubose & Dorothy Heyward Memorial Fund is located in Pittsburgh, PA. The organization was established in 1987. 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. Dubose & Dorothy Heyward Memorial Fund 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, Dubose & Dorothy Heyward Memorial Fund generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dubose & Dorothy Heyward Memorial Fund has awarded 128 individual grants totaling $2,365,000. 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 |
|---|---|---|---|
Albert J Cardinali ESQ Co-Trustee | 10 | $45,828 | |
Bny Mellon N A Trustee | 1 | $122,848 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meltzer Lippe Goldstein Breitston | 12/30/21 | $83,560 |
Sukin Law Group | 12/30/21 | $82,201 |
Meltzer Lippe Goldstein Breitston | 12/30/21 | $0 |
Sukin Law Group | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $316,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242,836 |
| Capital Gain Net Income | $242,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $491,834 |
| Total Revenue | $1,051,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $117,239 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,060 |
| Total operating and administrative expenses | $313,679 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,313,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,541 |
| 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 | $13,185,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,667,372 |
| 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, Dubose & Dorothy Heyward Memorial Fund has awarded $1,000,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK-PRESBYTERIAN HOSPITAL QUEENS PURPOSE: GENERAL OPERATING | $25,000 |
BROOKLYN ACADEMY OF MUSIC INC PURPOSE: GENERAL OPERATING | $25,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
THE MACDOWELL COLONY PURPOSE: GENERAL OPERATING | $150,000 |
NEW DRAMATISTS INC PURPOSE: GENERAL OPERATING | $25,000 |
METROPOLITAN OPERA ASSOCIATION INC PURPOSE: GENERAL OPERATING | $20,000 |