Dean & Barbara White Family Foundation Inc
- Assets
- $792.9m
- Revenue
- $81.8m
- Investments
- $711.4m
- Employees
- 0
- Location
- Merrillville, IN
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 35-2015808
Organization Overview
Dean & Barbara White Family Foundation Inc is located in Merrillville, IN. 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. Dean & Barbara White Family 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 12/2021, Dean & Barbara White Family Foundation Inc generated $81.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.8% each year . All expenses for the organization totaled $29.0m during the year ending 12/2021. While expenses have increased by 41.8% 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 2016, Dean & Barbara White Family Foundation Inc has awarded 51 individual grants totaling $67,508,465. 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 |
|---|---|---|---|
Dennis Kackos Asst. Sec | 1 | $0 | |
Craig White Pres & Sec | 1 | $0 | |
Bruce W White VP & Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,088,339 |
| Interest on Savings | $12,410,006 |
| Dividends & Interest | $8,639,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,662,644 |
| Capital Gain Net Income | $49,662,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,002 |
| Total Revenue | $81,802,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $237,433 |
| Pension plans, employee benefits | $0 |
| Interest | $6,399 |
| Taxes | $1,127,948 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,311,117 |
| Total operating and administrative expenses | $3,980,614 |
| Contributions, gifts, grants paid | $25,062,550 |
| Total expenses and disbursements | $29,043,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,700,501 |
| Savings and temporary cash investments | $57,789,173 |
| 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 | $366,225,830 |
| Investments—other | $13,110,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $792,865,434 |
| 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, Dean & Barbara White Family Foundation Inc has awarded $25,062,550 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS YMCA PURPOSE: EXPANSION PROJECT | $14,650,000 |
PURDUE FOR LIFE FOUNDATION PURPOSE: KRANNET SCHOOL SUPPORT | $5,000,000 |
Merrillville, IN PURPOSE: OPERATING GRANT | $2,000,000 |
Crown Point, IN PURPOSE: OPERATING GRANT | $1,300,000 |
Chicago, IL PURPOSE: OPERATING FUNDS | $800,000 |
PURDUE FOR LIFE FOUNDATION PURPOSE: HTM PROGRAM SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |