Philadelphia Foundation

Organization Overview

Philadelphia Foundation is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Philadelphia Foundation employed 37 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Philadelphia 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 12/2021, Philadelphia Foundation generated $72.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $61.2m during the year ending 12/2021. While expenses have increased by 10.2% 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 2014, Philadelphia Foundation has awarded 6,311 individual grants totaling $255,112,020. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY FOUNDATION STRENGTHENS THE ECONOMIC, SOCIAL & CIVIC VITALITY OF GREATER PHILADELPHIA.

Describe the Organization's Program Activity:

SEE SCHEDULE O.1. CIVIC LEADERSHIP: WE LEAD AND PARTICIPATE IN CIVIC AND PHILANTHROPIC PARTNERSHIPS WITH REGIONAL AND NATIONAL FUNDERS AS WELL AS ORGANIZATIONS LOCALLY AND THROUGHOUT THE STATE. THESE RELATIONSHIPS BRING PEOPLE TOGETHER TO DISCUSS THE COMMON GOOD, AMPLIFY THE VOICES OF THOSE IN NEED, HIGHLIGHT EFFECTIVE SOLUTIONS AND GALVANIZE COLLABORATIVE ACTION WITH THE BUSINESS, EDUCATION AND GOVERNMENT SECTORS TO STRENGTHEN THE COMMUNITY. 2. GRANTMAKING AND PROGRAMS: WE DEPLOY PHILANTHROPIC DOLLARS TO THE COMMUNITY IN THE FORM OF GRANTS, SCHOLARSHIPS AND PROGRAMS, ADHERING TO THE DIRECTION AND/OR DISCRETION ENTRUSTED TO US BY OUR DONORS. DISCRETIONARY GRANTS ADDRESS BROAD COMMUNITY CONCERNS AND OPPORTUNITIES, WITH AN EMPHASIS ON VULNERABLE POPULATIONS AND THE INFRASTRUCTURE AND LEADERSHIP OF ORGANIZATIONS THAT SERVE THEM. MOST DISCRETIONARY GRANTS ARE IN THE FORM OF UNRESTRICTED GENERAL OPERATING SUPPORT. 3. ENGAGED PHILANTHROPY: WE SERVE AS THE VEHICLE FOR PHILANTHROPIC GIVING IN THE COMMUNITY, OFFERING SEVERAL TYPES OF LIFETIME AND LEGACY GIVING FOR INDIVIDUALS, NONPROFITS, CORPORATIONS, FOUNDATIONS AND PROFESSIONAL ADVISORS. WE PARTNER WITH COMMUNITY MEMBERS ON THEIR CUSTOMIZED STRATEGIC GIVING PLANS. PROGRAMS TO INSPIRE COMMUNITY SUPPORT INCLUDE AN ART GALLERY, SITE VISITS AND PRESENTATIONS HIGHLIGHTING EFFECTIVE NONPROFITS. THE PHILADELPHIA FOUNDATION ADDRESSED URGENT NEEDS ACROSS THE GREATER PHILADELPHIA REGION IN 2021, MAKING OVER $75M IN GRANTS FROM ITS FUNDS AND THOSE OF ITS SUPPORTING ORGANIZATIONS. THE ORGANIZATION CONTINUED TO SERVE AS A KEY CIVIC LEADER IN DEVELOPING AND IMPLEMENTING PARTNERSHIP INITIATIVES TO ADVANCE RACIAL EQUITY; PROVIDED RAPID RELIEF TO COMMUNITIES IMPACTED BY HURRICANE IDA; AND FOSTERED REGIONAL CORPORATE VOLUNTEERISM. THE FOUNDATION'S PHL COVID-19 FUND, WHICH RAISED AND DISTRIBUTED $18.5M DURING 2020 AND 2021, PROVIDED SEVERAL ROUNDS OF GRANTS IN 2021 TO ANCHOR NONPROFITS SERVING DISPROPORTIONATELY AFFECTED POPULATIONS ACROSS THE REGION. THE FOUNDATION ALSO SUCCESSFULLY COMPLETED THE TRANSITION OF A PREVIOUSLY PRIVATE FOUNDATION TO AN LLC UNDER THE AUSPICES OF THE PHILADELPHIA FOUNDATION, PRESERVING THE LONG-TERM COMMITMENT OF THIS ENDOWMENT TO SUPPORT SUSTAINABLE, RESIDENT LED NEIGHBORHOOD DEVELOPMENT IN EASTERN PENNSYLVANIA, NEW JERSEY, AND DELAWARE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crewcial Partners Llc
Consulting Services
$206,790
Xplora Search Group Inc
Contracted Services
$223,939
Montgomery Mccracken
Legal Services
$298,283
Mayoseitz Media
Program Services
$225,450
John Otting
Contract Consultant
$126,750
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$390,388
Government grants $428,637
All other contributions, gifts, grants, and similar amounts not included above$31,180,016
Noncash contributions included in lines 1a–1f $4,114,375
Total Revenue from Contributions, Gifts, Grants & Similar$31,999,041
Total Program Service Revenue$778,481
Investment income $11,964,670
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $156,918
Net Gain/Loss on Asset Sales $27,785,538
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $72,684,648

Grants Awarded

Over the last fiscal year, Philadelphia Foundation has awarded $49,537,782 in support to 695 organizations.

Grant RecipientAmount

VANGUARD CHARITABLE

Org PageRecipient Profile

Southeastern, PA

PURPOSE: DONOR-ADVISED FUNDS

$17,542,431

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: $799,464 GENERAL OPERATING SUPPORT, $127,999 GENERAL OPERATING SUPPORT FOR THE PERFORMING ARTS, AND $32,277 CLASSICAL STUDIES

$959,741

VARIETY - THE CHILDREN'S CHARITY OF THE DELAWARE VALLEY

Org PageRecipient Profile

Worcester, PA

PURPOSE: LEADERSHIP CAPACITY

$875,000

SENIOR ADULT ACTIVITIES CENTER OF MONTGOMERY COUNTY

Org PageRecipient Profile

Norristown, PA

PURPOSE: GENERAL OPERATING SUPPORT

$815,255

Norristown, PA

PURPOSE: GENERAL OPERATING SUPPORT

$801,000

BROWN UNIVERSITY OFFICE OF GIFT ACCOUNTING

Org PageRecipient Profile

Providence, RI

PURPOSE: ENDOWED FUND FOR THE CENTER FOR THE STUDY OF SLAVERY AND JUSTICE

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Philadelphia Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
Raynier Institute & Foundation

Wilmington, DE

PURPOSE: THE HOWARD A. TRAUGER SCHOLARSHIP FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$409,659,436
Earnings$49,275,729
Admin Expense$3,345,449
Net Contributions$112,750,700
Grants$20,036,521
Ending Balance$548,303,895

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