Darnall W Boyd Foundation Inc
- Assets
- $142.8m
- Revenue
- $8.5m
- Investments
- $139.0m
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 27-2559583
Organization Overview
Darnall W Boyd Foundation Inc is located in Columbia, SC. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Darnall W Boyd Foundation Inc 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 12/2023, Darnall W Boyd Foundation Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $7.6m during the year ending 12/2023. While expenses have increased by 21.0% per year over the past 8 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 2016, Darnall W Boyd Foundation Inc has awarded 116 individual grants totaling $41,109,708. 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 |
|---|---|---|---|
Susan F Boyd Director | 0.5 | $8,000 | |
Joseph P Wilczewski Treasurer | 25 | $129,000 | |
George S Bailey President | 25 | $150,000 | |
Ford B Bailey Secretary | 0.5 | $8,000 | |
Walter Taylor Director | 0.5 | $48,500 | |
Johnson Small Director | 0.5 | $48,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $266,059 |
| Dividends & Interest | $988,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,172,751 |
| Capital Gain Net Income | $1,172,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,072,133 |
| Total Revenue | $8,499,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $495,105 |
| Other employee salaries and wages | $69,055 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,769 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $513,711 |
| Total operating and administrative expenses | $1,155,340 |
| Contributions, gifts, grants paid | $6,429,385 |
| Total expenses and disbursements | $7,584,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,863,127 |
| Savings and temporary cash investments | $0 |
| 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 | $1,160 |
| Investments—mortgage loans | $0 |
| Investments—other | $138,977,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $142,841,514 |
| Accounts payable and accrued expenses | $235 |
| Grants payable | $0 |
| 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 | $235 |
Grants Awarded
Over the last fiscal year, Darnall W Boyd Foundation Inc has awarded $6,429,385 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $190,724 |
COLUMBIA MUSEUM OF ART PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $14,885 |
CONGAREE LAND TRUST PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $12,000 |
COLUMBIA WATERFRONT PARK FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $457 |
HEATHWOOD HALL SCHOOL - PEAK BUILDING PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $2,087,929 |
GROWCO PURPOSE: CHARITABLE CONTRIBUTION TO ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE | $200,000 |