Diana Davis Spencer Foundation
- Assets
- $1.4b
- Revenue
- $63.4m
- Investments
- $1.2b
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-3672969
Organization Overview
Diana Davis Spencer Foundation is located in Bethesda, MD. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Diana Davis Spencer 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, Diana Davis Spencer Foundation generated $63.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $142.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Diana Davis Spencer Foundation has awarded 657 individual grants totaling $297,028,290. 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 |
|---|---|---|---|
Diana Davis Spencer Executive Chairman | 40 | $714,769 | |
Abby Spencer Moffat CEO & President | 40 | $720,538 | |
Harrison Howard Trustee | 1 | $30,000 | |
Carole A Featherstone Chief Financial Officer | 40 | $569,000 | |
Christopher Burn Chief Investment Officer | 40 | $678,102 | |
John Richardson Audit & Investment Committee Member | 4 | $112,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Graystone | 12/30/22 | $1,572,853 |
K&l Gates Llp | 12/30/22 | $579,872 |
Cliftonlarsonallen Llp | 12/30/22 | $268,709 |
Cameron Llp | 12/30/22 | $251,599 |
Hamlin Capital Mangement Lls | 12/30/22 | $957,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76,091 |
| Dividends & Interest | $22,421,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,741,066 |
| Capital Gain Net Income | $75,125,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,177,029 |
| Total Revenue | $63,415,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,650,095 |
| Other employee salaries and wages | $1,219,841 |
| Pension plans, employee benefits | $913,936 |
| Interest | $81 |
| Taxes | $182,898 |
| Depreciation | $63,621 |
| Occupancy | $215,945 |
| Travel, conferences, and meetings | $195,664 |
| Printing and publications | $8,518 |
| Other expenses | $362,378 |
| Total operating and administrative expenses | $10,811,231 |
| Contributions, gifts, grants paid | $131,175,511 |
| Total expenses and disbursements | $141,986,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,878,132 |
| 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 | $1,101,103 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $709,870,105 |
| Net Land, buildings, and equipment | $671,017 |
| Other assets | $878,730 |
| Total assets | $1,356,251,879 |
| Accounts payable and accrued expenses | $897,312 |
| Grants payable | $112,968,203 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,980,120 |
| Total liabilities | $116,845,635 |
Grants Awarded
Over the last fiscal year, Diana Davis Spencer Foundation has awarded $103,373,000 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
1789 FUND PURPOSE: EDUCATIONAL CONFERENCE | $25,000 |
ACTON ACADEMY FOUNDATION PURPOSE: ENTREPRENEURSHIP AND GROWTH PROJECTS | $100,000 |
AFTER-SCHOOL ALL-STARS PURPOSE: COMPREHENSIVE ENRICHMENT PROGRAMS | $250,000 |
ACADIA REPERTORY THEATRE PURPOSE: ARTS PROGRAM SUPPORT | $2,000 |
ALEXANDER HAMILTON INSTITUTE FOR THE STUDY OF WESTERN CIVILIZATION PURPOSE: WASHINGTON PROGRAM ON NATIONAL SECURITY | $45,000 |
AMERICAN STRATEGY GROUP THE (CLAREMONT STRATEGY GROUP) PURPOSE: RESEARCH & EDUCATION | $200,000 |