Salem Foundation

Organization Overview

Salem Foundation is located in Providence, RI. The organization was established in 2000. 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. Salem 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 12/2021, Salem Foundation generated $36.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 4 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 2020, Salem Foundation has awarded 102 individual grants totaling $40,376,904. 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.

Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $19,200,458
Interest on Savings $3,031
Dividends & Interest $1,073,270
Net Rental Income$0
Net Gain on Sale of Assets $16,414,322
Capital Gain Net Income $16,414,322
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $24
Total Revenue $36,691,105

Grants Awarded

Over the last fiscal year, Salem Foundation has awarded $26,229,308 in support to 32 organizations.

Grant RecipientAmount

EDESIA INC

PURPOSE: TO TREAT AND PREVENT MALNUTRITION FOR THE MOST VULNERABLE CHILDREN IN THE DEVELOPING WORLD

$20,000,000

EDESIA INC

PURPOSE: TO TREAT AND PREVENT MALNUTRITION FOR THE MOST VULNERABLE CHILDREN IN THE DEVELOPING WORLD

$2,000,000

YEAR UP

PURPOSE: TO FURTHER YOUNG ADULTS TECHNICAL & PROFESSIONAL SKILLS

$1,600,000

WOODS HOLE OCEANOGRAPHIC INSTITUTION

Org PageRecipient Profile

Woods Hole, MA

PURPOSE: THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO RESEARCH AND EDUCATION TO ADVANCE UNDERSTANDING OF THE OCEAN AND ITS INTERACTION WITH THE EARTH SYSTEM, AND TO COMMUNICATING THIS UNDERSTANDING FOR THE BENEFIT OF SOCIETY.

$1,000,000

MOSES BROWN SCHOOL

Org PageRecipient Profile

Providence, RI

PURPOSE: PROVIDES COURSES OF INSTRUCTION FROM NURSERY SCHOOL THROUGH UPPER SCHOOL

$558,048

WOODS HOLE OCEANOGRAPHIC INSTITUTION

Org PageRecipient Profile

Woods Hole, MA

PURPOSE: THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO RESEARCH AND EDUCATION TO ADVANCE UNDERSTANDING OF THE OCEAN AND ITS INTERACTION WITH THE EARTH SYSTEM, AND TO COMMUNICATING THIS UNDERSTANDING FOR THE BENEFIT OF SOCIETY.

$250,000
View Grant Profile

Create an account to unlock the data you need.

or