William Penn Foundation
- Assets
- $3.2b
- Revenue
- $79.9m
- Investments
- $3.1b
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1947
- Data as of
- 12/2022
- EIN
- 23-1503488
Organization Overview
William Penn Foundation is located in Philadelphia, PA. The organization was established in 1947. 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. William Penn 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 12/2022, William Penn Foundation generated $79.9m 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 (26.0%) each year. All expenses for the organization totaled $207.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William Penn Foundation has awarded 4,659 individual grants totaling $738,723,130. 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 |
|---|---|---|---|
Janet Haas Board Member/assoc. Corp Member | 3 | $0 | |
David Haas Board Member/corp Member | 4 | $0 | |
Leonard Haas Corp Member | 1 | $0 | |
Thomas W Haas Board Member/corp Member | 2 | $0 | |
Andrew Haas Board Member | 2 | $0 | |
Christina Haas Board Vice Chair/corp Chair | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frontier Capital Management Co Llc | 12/30/22 | $1,020,957 |
Adage Capital Management | 12/30/22 | $970,200 |
Walter Scott & Partners Ltd | 12/30/22 | $927,199 |
Silchester International Investors | 12/30/22 | $905,315 |
Acadian Asset Management Llc | 12/30/22 | $829,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,279,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,765,423 |
| Capital Gain Net Income | $89,645,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,873,192 |
| Total Revenue | $79,917,908 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,845,942 |
| Other employee salaries and wages | $5,805,314 |
| Pension plans, employee benefits | $1,726,898 |
| Interest | $0 |
| Taxes | $2,718,318 |
| Depreciation | $186,198 |
| Occupancy | $653,109 |
| Travel, conferences, and meetings | $227,778 |
| Printing and publications | $11,773 |
| Other expenses | $1,097,841 |
| Total operating and administrative expenses | $24,116,170 |
| Contributions, gifts, grants paid | $183,744,976 |
| Total expenses and disbursements | $207,861,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,393,194 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $9,837 |
| 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 | $7,332,322 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,702,809,194 |
| Net Land, buildings, and equipment | $1,723,843 |
| Other assets | $408,000 |
| Total assets | $3,236,819,790 |
| Accounts payable and accrued expenses | $502,322 |
| Grants payable | $94,306,666 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,739,384 |
| Total liabilities | $109,548,372 |
Grants Awarded
Over the last fiscal year, William Penn Foundation has awarded $227,525,132 in support to 1,437 organizations.
| Grant Recipient | Amount |
|---|---|
1812 PRODUCTIONS INC PURPOSE: APPRENTICE PROGRAM FOR THE 2022-2023 SEASON | $35,000 |
1812 PRODUCTIONS INC PURPOSE: GENERAL SUPPORT | $15,000 |
1812 PRODUCTIONS INC PURPOSE: CORE SUPPORT 2021 | $100,000 |
350ORG PURPOSE: GENERAL SUPPORT | $200 |
A BETTER CHANCE STRATH HAVEN INC PURPOSE: GENERAL SUPPORT | $3,082 |
A LITTLE TASTE OF EVERYTHING INC PURPOSE: EDUCATE RESIDENTS OF WEST PHILADELPHIA ON HOME GARDENING AND THE GROWING PROCESS. | $175,000 |