Laurance S Rockefeller Fund 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. Laurance S Rockefeller Fund 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, Laurance S Rockefeller Fund generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Horne Director | 0 | $0 | |
Ellen R C Pomeroy Director, President | 0 | $46,200 | |
James S Sligar Director,secretary,treasurer | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $175,098 |
| Net Rental Income | $20,000 |
| Net Gain on Sale of Assets | $1,979,047 |
| Capital Gain Net Income | $1,977,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $387,394 |
| Total Revenue | $2,561,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $10,659 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,750 |
| Total operating and administrative expenses | $179,842 |
| Contributions, gifts, grants paid | $1,820,000 |
| Total expenses and disbursements | $1,999,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,353,623 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $17,576 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $6,400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,895,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,217,801 |
| 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 |