The Douglass Fund
- Assets
- $40.9m
- Revenue
- $2.4m
- Investments
- $39.8m
- Employees
- 0
- Location
- New Brunswick, NJ
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 22-7287311
Organization Overview
The Douglass Fund is located in New Brunswick, NJ. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Douglass 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 06/2022, Douglass Fund generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Douglass Fund has awarded 13 individual grants totaling $8,083,191. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD, OBTAIN, INVEST, DISPOSE OF, EXPEND, APPLY, RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS TO SUPPORT DOUGLASS RESIDENTIAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED STUDENT FINANCIAL SUPPORT OF MORE THAN 367 AWARDS PROVIDED THROUGH SCHOLARSHIPS, PRIZES, AND SPECIAL OPPORTUNITY FUNDING.
UNRESTRICTED SUPPORT FOR DOUGLASS RESIDENTIAL COLLEGE
THE ORGANIZATION PROVIDED SUPPORT COMMUNICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Wallace VP For Finance And Operations | Officer | 20 | $0 |
Lisa Dorio Ruch Trustee | Trustee | 5 | $0 |
Jeanne Fox Principal Officer/trustee | Trustee | 5 | $0 |
Valerie Anderson Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $218,631 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,715 |
| Noncash contributions included in lines 1a–1f | $28,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,346 |
| Total Program Service Revenue | $0 |
| Investment income | $897,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,171,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,421,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,394,555 |
| Grants and other assistance to domestic individuals. | $3,891 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,930 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,134,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,407 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,777,836 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,140,672 |
| Total assets | $40,924,915 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $291,927 |
| Total liabilities | $291,927 |
| Net assets without donor restrictions | $6,840,959 |
| Net assets with donor restrictions | $33,792,029 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,924,915 |
Grants Awarded
Over the last fiscal year, The Douglass Fund has awarded $1,392,973 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Piscataway, NJ PURPOSE: STUDENT & PROGRAM SUPPORT for Douglass College | $1,378,118 |
New Haven, CT PURPOSE: FINANCIAL SUPPORT FOR GRADUATE STUDY | $8,987 |
University, MS PURPOSE: FINANCIAL SUPPORT FOR GRADUATE STUDY | $5,868 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Douglass Fund has recieved totaling $511.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $47,581,470 |
| Earnings | -$7,284,673 |
| Admin Expense | $706,282 |
| Net Contributions | $360,847 |
| Grants | $1,230,048 |
| Ending Balance | $38,721,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |