Diana Davis Spencer Foundation
- Assets
- $1.4b
- Revenue
- $32.5m
- Investments
- $1.2b
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/2007
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Diana Davis Spencer Foundation generated $32.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $43.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Diana Davis Spencer Foundation has awarded 200 individual grants totaling $46,464,095. 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 President | 40 | $712,546 | |
Abby Spencer Moffat Chief Executive Officer | 40 | $695,000 | |
Carole A Featherstone Chief Financial Officer | 40 | $592,199 | |
Nicole K Shaw Senior Program Manag | 40 | $164,134 | |
Christopher Burns Foundation Manager | 12 | $160,000 | |
Elizabeth Smiroldo Research Manager | 40 | $151,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamlin Capital Mangement Lls | 12/30/19 | $667,330 |
Edgewood Management Llc | 12/30/19 | $402,450 |
Cliftonlarsonallen Llp | 12/30/19 | $281,160 |
Morgan Stanley Graystone | 12/30/19 | $1,228,764 |
Jones Day | 12/30/19 | $562,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $153,002 |
| Dividends & Interest | $25,386,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,005,918 |
| Capital Gain Net Income | $13,288,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,545,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,229,357 |
| Other employee salaries and wages | $885,745 |
| Pension plans, employee benefits | $694,197 |
| Interest | $0 |
| Taxes | $2,937,958 |
| Depreciation | $213,260 |
| Occupancy | $195,491 |
| Travel, conferences, and meetings | $103,600 |
| Printing and publications | $5,697 |
| Other expenses | $111,133 |
| Total operating and administrative expenses | $11,953,640 |
| Contributions, gifts, grants paid | $31,319,555 |
| Total expenses and disbursements | $43,273,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,746,205 |
| Net Accounts receivable | $200,000 |
| 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 | $355,153 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $403,600,802 |
| Net Land, buildings, and equipment | $1,566,775 |
| Other assets | $4,903 |
| Total assets | $1,443,215,686 |
| Accounts payable and accrued expenses | $746,012 |
| Grants payable | $35,151,169 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,455,303 |
| Total liabilities | $38,352,484 |
Grants Awarded
Over the last fiscal year, Diana Davis Spencer Foundation has awarded $46,464,095 in support to 200 organizations.
| Grant Recipient | Amount |
|---|---|
DANIEL MORGAN ACADEMY PURPOSE: TO FUND THE DEVELOPMENT OF STRATEGIC ALLIANCES AND PARTNERSHIPS | $5,400,000 |
DANIEL MORGAN GRADUATE SCHOOL OF NATIONAL SECURITY PURPOSE: IN SATISFACTION OF $7 MILLION PLEDGE FOR THE MULTI YEAR GRANT 2018. REMAINDER TO BE PAID IN THE FUTURE $2,400,000 | $4,600,000 |
Alexandria, VA PURPOSE: REPLENISHING DDSF DONORS TRUST ACCOUNT | $2,000,000 |
TEXAS A&M UNIVERSITY PURPOSE: SUPPORT FOR THE BUSH SCHOOL'S DEVELOPMENT OF A NEW WASHINGTON DC | $2,000,000 |
MYSA SCHOOL PURPOSE: GENERAL OPERATING SUPPORT, RELOCATION, AND ENHANCEMENT OF PROGRAMS OF THE SCHOOL | $1,400,000 |
Washington, DC PURPOSE: $4,500,000 IS FOR THE NEW CENTER FOR HIGHER EDUCATION PHILANTHROPY. THE REMAINING $500,000 MUST BE USED FOR GENERAL OPERATIONS | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Diana Davis Spencer Foundation Bethesda, MD | $1,443,215,686 | $32,545,761 |
Davis Family Foundation Hanover, MD | $952,920,743 | $74,464,123 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $1,477,774 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $13,330,784 | $33,071,444 |
Maguire Foundation West Conshohocken, PA | $93,320,439 | $22,409,342 |
Wallace Global Fund Ii Washington, DC | $134,847,963 | $8,220,868 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $69,591,715 | $4,013,715 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $53,871,848 | $16,597,618 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $22,659,934 | $11,047,608 |
Living Legacy Foundation Wilmington, DE | $132,494,642 | $6,702,131 |