Palmer And Jane D Davenport Foundation
- Assets
- $3.1m
- Revenue
- $232.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-7210080
Organization Overview
Palmer And Jane D Davenport Foundation is located in Chicago, IL. 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. Palmer And Jane D Davenport 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 12/2023, Palmer And Jane D Davenport Foundation generated $232.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $245.3k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 7 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 2016, Palmer And Jane D Davenport Foundation has awarded 72 individual grants totaling $927,047. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane D Davenport Trustee | 1 | $0 | |
Dewitt P Davenport Trustee | 1 | $0 | |
Northern Trust Trustee | 2 | $9,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,120 |
| Capital Gain Net Income | $105,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $232,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,577 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $15,278 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $245,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,595 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,244 |
| Total assets | $3,136,517 |
| 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, Palmer And Jane D Davenport Foundation has awarded $230,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
THE CAPE COD FOUNDATION INC PURPOSE: SEASIDE LEMANS FUND | $50,000 |
CAPE ABILITIES INC PURPOSE: GENERAL FUND | $15,000 |
BELONGING TO EACH OTHER INC PURPOSE: EMERGENCY/SHORT TERM MOTEL PLACEMENTS & SUPPLEMENTAL MEALS | $5,000 |
CAPE COD HEALTHCARE FOUNDATION PURPOSE: DAVENPORT-MUGAR CANCER CENTER IN MEMORY OF JOANN CURLEY | $50,000 |
CHAMP HOMES PURPOSE: TRANSITIONAL HOUSING ASSISTANCE PROGRAM | $5,000 |
CAPE COD TIMES NEEDY FUND PURPOSE: BASIC NEEDS FOR VULNERABLE RESIDENTS | $5,000 |