Shelby Cullom Davis Charitable Fund Inc
- Assets
- $2.8b
- Revenue
- $325.3m
- Investments
- $2.8b
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-3734688
Organization Overview
Shelby Cullom Davis Charitable Fund Inc is located in Wilmington, DE. The organization was established in 2006. 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. Shelby Cullom Davis Charitable Fund Inc 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, Shelby Cullom Davis Charitable Fund Inc generated $325.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $154.3m during the year ending 12/2021. While expenses have increased by 5.4% 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, Shelby Cullom Davis Charitable Fund Inc has awarded 252 individual grants totaling $293,403,235. 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 |
|---|---|---|---|
Philip O Geier PHD Assist Sec/executive Director | 10 | $200,000 | |
Alida Davis Dir | 1 | $0 | |
Andrew A Davis Treas, Dir | 2 | $0 | |
Christopher C Davis Sec, Dir | 2 | $0 | |
Charles Cullom Davis Independent Dir | 1 | $0 | |
Shelby Mc Davis Dir, Chairman | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street | 12/30/21 | $512,005 |
Foundation Source | 12/30/21 | $164,400 |
Andrew Chmar | 12/30/21 | $56,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,741 |
| Dividends & Interest | $50,562,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $274,591,774 |
| Capital Gain Net Income | $274,527,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129,585 |
| Total Revenue | $325,311,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,893,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,901 |
| Printing and publications | $0 |
| Other expenses | $590,849 |
| Total operating and administrative expenses | $4,335,431 |
| Contributions, gifts, grants paid | $149,998,162 |
| Total expenses and disbursements | $154,333,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,142,796 |
| Net Accounts receivable | $7,088 |
| 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 | $27,720,722 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,986,052 |
| Total assets | $2,798,959,665 |
| 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, Shelby Cullom Davis Charitable Fund Inc has awarded $149,998,162 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
Montezuma, NM PURPOSE: THE UWC FOREVER FUND, THE DAVIS SCHOLARSHIP FUND | $25,000,000 |
Poughkeepsie, NY PURPOSE: PHASE ONE CONSTRUCTION FUND | $15,000,000 |
Santa Rosa, CA PURPOSE: THE PERFORMING ARTS CENTER | $12,000,000 |
New York, NY PURPOSE: RE-ENVISIONED HARLEM MEER POOL AND RINK FUND | $8,499,200 |
Santa Fe, NM PURPOSE: DAVIS NEW MEXICO SCHOLARS FUND | $6,654,187 |
Southampton, NY PURPOSE: GEORGICA POND RESTORATION FUND | $6,250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE | $2,798,959,665 | $325,311,650 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |