Hilda & Preston Davis Private Foundation
- Assets
- $49.0m
- Revenue
- $3.2m
- Investments
- $45.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 23-7966458
Organization Overview
Hilda & Preston Davis Private Foundation is located in Philadelphia, PA. The organization was established in 1998. 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. Hilda & Preston Davis Private 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, Hilda & Preston Davis Private Foundation generated $3.2m 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 (11.4%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hilda & Preston Davis Private Foundation has awarded 285 individual grants totaling $10,526,869. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey M Parkinson Trustee | 20 | $275,000 | |
John D Iskrant ESQ Trustee | 20 | $275,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/22 | $148,979 | |
| 12/30/22 | $149,436 | |
Foundation Services | 12/30/22 | $0 |
Foundation Services | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,799 |
| Dividends & Interest | $1,301,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,917,331 |
| Capital Gain Net Income | $1,918,465 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,225,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $550,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,502 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,355 |
| Total operating and administrative expenses | $901,272 |
| Contributions, gifts, grants paid | $3,100,500 |
| Total expenses and disbursements | $4,001,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,080 |
| Savings and temporary cash investments | $3,877,245 |
| 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 | $39,380,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,012,087 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $434,000 |
| 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 | $434,000 |
Grants Awarded
Over the last fiscal year, Hilda & Preston Davis Private Foundation has awarded $3,890,500 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: MEDICAL RELIEF FOR UKRAINE CRISIS | $100,000 |
THE BARNES FOUNDATION PURPOSE: MUSEUM EXPOSURE FOR CHILDREN | $5,000 |
THE BOWERY MISSION PURPOSE: MONT LAWN YOUTH CAMP | $50,000 |
BREAKTHROUGH GREATER PHILADELPHIA PURPOSE: EDUCATION PROGRAMS & TEACHER DEVELOPMENT | $25,000 |
CB COMMUNITY SCHOOLS PURPOSE: EDUCATION PROGRAMS | $10,000 |
ACHIEVE NOW PURPOSE: LITERACY PROGRAMS | $40,000 |