Wm O & Margaret H Dewitt Foundation
- Assets
- $1.5m
- Revenue
- $347.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 31-6078890
Organization Overview
Wm O & Margaret H Dewitt Foundation is located in Cincinnati, OH. The organization was established in 1967. 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. Wm O & Margaret H Dewitt 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, Wm O & Margaret H Dewitt Foundation generated $347.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $144.4k during the year ending 12/2022. While expenses have increased by 28.1% 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 2015, Wm O & Margaret H Dewitt Foundation has awarded 98 individual grants totaling $519,250. 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 |
|---|---|---|---|
William O Dewitt Jr Pres/treas | 2 | $0 | |
Katharine C Dewitt Sec/trustee | 2 | $0 | |
William O Dewitt III Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $48,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,433 |
| Capital Gain Net Income | $299,433 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $347,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $20,678 |
| Contributions, gifts, grants paid | $123,750 |
| Total expenses and disbursements | $144,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,745 |
| Savings and temporary cash investments | $18,412 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,490,762 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Wm O & Margaret H Dewitt Foundation has awarded $123,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL | $1,000 |
CHURCHILL SCHOOL AND CENTER PURPOSE: GENERAL | $2,000 |
CLEVELAND CLINIC INDIAN RIVER FOUNDATION PURPOSE: GENERAL | $1,000 |
DYLANS WISH MEMORIAL PURPOSE: GENERAL | $2,000 |
FRIENDS OF THE FORGOTTEN PURPOSE: GENERAL | $3,000 |
CONNECTICUT COLLEGE PURPOSE: GENERAL | $2,500 |