Dean & Barbara White Family Foundation Inc
- Assets
- $866.4m
- Revenue
- $105.9m
- Investments
- $800.3m
- Employees
- 0
- Location
- Merrillville, IN
- Founding
- 08/1998
- Data as of
- 12/2022
- 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 12/2022, Dean & Barbara White Family Foundation Inc generated $105.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 72.9% each year . All expenses for the organization totaled $32.3m during the year ending 12/2022. While expenses have increased by 35.6% 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 2016, Dean & Barbara White Family Foundation Inc has awarded 77 individual grants totaling $119,909,000. 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 |
|---|---|---|---|
Bruce W White VP & Treas | 1 | $0 | |
Craig White Pres & Sec | 1 | $0 | |
Dennis Kackos Asst. Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,980,375 |
| Interest on Savings | $12,135,734 |
| Dividends & Interest | $12,360,039 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,179,513 |
| Capital Gain Net Income | $13,179,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $211,877 |
| Total Revenue | $105,867,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $343,873 |
| Pension plans, employee benefits | $0 |
| Interest | $4,803 |
| Taxes | $771,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,640,100 |
| Total operating and administrative expenses | $4,884,630 |
| Contributions, gifts, grants paid | $27,413,329 |
| Total expenses and disbursements | $32,297,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,732,912 |
| Savings and temporary cash investments | $31,360,909 |
| 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 | $350,419,561 |
| Investments—other | $8,244,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $866,435,013 |
| 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 $27,413,329 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS YMCA PURPOSE: EXPANSION PROJECTS - HAMMOND INDIANA FAMILY YMCA AND SCHERERVILLE, INDIANA FAMILY YMCA | $9,100,000 |
LEGACY FOUNDATION PURPOSE: DEAN AND BARBARA WHITE COMMUNITY CENTER | $2,000,000 |
BOYS AND GILRS CLUB OF CHICAGO PURPOSE: A CLUB FOR LIFE CAMPAIGN | $500,000 |
CROSSROADS YMCA PURPOSE: 2021 MATCHING FUNDS | $150,000 |
BIG SHOULDERS FUND PURPOSE: NORTHWEST INDIANA INITIATIVE | $800,000 |
BIG SHOULDERS FUND PURPOSE: FACILITIES EXPANSION OF AQUINAS CATHOLIC COMMUNITY SCHOOL. | $1,950,000 |