Diana Davis Spencer Foundation
- Assets
- $1.5b
- Revenue
- $31.4m
- Investments
- $1.4b
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/2007
- Data as of
- 12/2021
- 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 12/2021, Diana Davis Spencer Foundation generated $31.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $65.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Diana Davis Spencer Foundation has awarded 510 individual grants totaling $193,655,290. 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 | $726,546 | |
Abby Spencer Moffat CEO & President | 40 | $709,000 | |
Carole A Featherstone Chief Financial Officer | 40 | $620,029 | |
Nicole K Shaw Senior Program Manag | 40 | $236,934 | |
Mary Hamilton Project Manager | 40 | $196,451 | |
Elizabeth Smiroldo Senior Research Anal | 40 | $184,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jones Day | 12/30/21 | $491,207 |
Hamlin Capital Mangement Lls | 12/30/21 | $859,568 |
Morgan Stanley Graystone | 12/30/21 | $972,816 |
Cameron Llp | 12/30/21 | $388,902 |
Cliftonlarsonallen Llp | 12/30/21 | $289,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,535 |
| Dividends & Interest | $20,459,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,933,892 |
| Capital Gain Net Income | $25,926,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,405 |
| Total Revenue | $31,448,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,049,314 |
| Other employee salaries and wages | $1,050,698 |
| Pension plans, employee benefits | $716,638 |
| Interest | $0 |
| Taxes | $1,492,844 |
| Depreciation | $231,910 |
| Occupancy | $194,546 |
| Travel, conferences, and meetings | $82,690 |
| Printing and publications | $8,429 |
| Other expenses | $304,312 |
| Total operating and administrative expenses | $11,184,194 |
| Contributions, gifts, grants paid | $53,993,422 |
| Total expenses and disbursements | $65,177,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,742,133 |
| Net Accounts receivable | $27,405 |
| 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 | $1,053,808 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $639,732,878 |
| Net Land, buildings, and equipment | $870,934 |
| Other assets | $75,485 |
| Total assets | $1,510,145,435 |
| Accounts payable and accrued expenses | $1,161,117 |
| Grants payable | $65,180,692 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,926,696 |
| Total liabilities | $70,268,505 |
Grants Awarded
Over the last fiscal year, Diana Davis Spencer Foundation has awarded $57,746,195 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: CREATE A NEW WASHINGTON D.C.-BASED GRADUATE EDUCATION PROGRAM IN NATIONAL SECURITY AND INTELLIGENCE WITHIN TAMUS BUSH SCHOOL OF GOVERNMENT AND PUBLIC SERVICE | $7,000,000 |
Alexandria, VA PURPOSE: DONOR ADVISED FUND CONTRIBUTION | $7,000,000 |
Norton, MA PURPOSE: ENDOWMENT FOR PROFESSORSHIP AND CHALLENGE GRANT | $5,000,000 |
Norton, MA PURPOSE: TOWARDS THE WHEATON COLLEGE DISCOVERY CENTER. | $5,000,000 |
Reston, VA PURPOSE: $2,400,000 FOR THE FREE SPEECH AMERICA AND $600,000 FOR CNS NEWS. | $3,000,000 |
New York, NY PURPOSE: A $2 MILLION FUNDRAISING CHALLENGE FOR NFTE PER THE TERMS IN THE AGREEMENT | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |