Arthur Vining Davis Foundation 2
- Assets
- $121.8m
- Revenue
- $5.6m
- Investments
- $118.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1966
- Data as of
- 12/2021
- EIN
- 25-6041850
Organization Overview
Arthur Vining Davis Foundation 2 is located in Pittsburgh, PA. The organization was established in 1966. 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. Arthur Vining Davis Foundation 2 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, Arthur Vining Davis Foundation 2 generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 6 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, Arthur Vining Davis Foundation 2 has awarded 321 individual grants totaling $34,952,301. 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 |
|---|---|---|---|
Bny Mellon N A Coprorate Trustee | 1 | $263,423 | |
Serena Davis Hall Chair | 5 | $0 | |
James Cote Trustee | 1 | $0 | |
Haley Davis Mdole Trustee | 1 | $0 | |
Christopher Davis Trustee | 1 | $0 | |
Tamara Davis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $321,816 |
| Dividends & Interest | $1,563,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,717,616 |
| Capital Gain Net Income | $3,717,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,602,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $497,814 |
| Other employee salaries and wages | $102,483 |
| Pension plans, employee benefits | $123,362 |
| Interest | $0 |
| Taxes | $97,769 |
| Depreciation | $0 |
| Occupancy | $31,649 |
| Travel, conferences, and meetings | $22,174 |
| Printing and publications | $0 |
| Other expenses | $60,905 |
| Total operating and administrative expenses | $1,425,533 |
| Contributions, gifts, grants paid | $3,460,926 |
| Total expenses and disbursements | $4,886,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,929,583 |
| 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 | $14,397 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,154,135 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $110,346 |
| Total assets | $121,779,866 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,977,342 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $32,432 |
| Total liabilities | $2,009,774 |
Grants Awarded
Over the last fiscal year, Arthur Vining Davis Foundation 2 has awarded $7,633,869 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
WJCT INC PURPOSE: SPECIAL PROJECTS | $12,500 |
SOLUTIONS JOURNALISM NETWORK PURPOSE: ENVIRONMENTAL SOLUTIONS | $250,000 |
SOUTHEASTERN PENNSYLVANIA CONSORTIUM FOR PURPOSE: PRIVATE HIGHER EDUCATION | $50,000 |
CONSTRUCTIVE DIALOUGE INSTITUTE PURPOSE: PRIVATE HIGHER EDUCATION | $152,586 |
CENTER TO ADVANCE PALLIATIVE CARE PURPOSE: PALLIATIVE CARE | $500,156 |
MICHIGAN COMMUNITY COLLEGE FOUNDATION PURPOSE: PRIVATE HIGHER EDUCATION | $137,500 |