Dietrich Foundation

Dietrich Foundation Overview

Dietrich Foundation is located in Pittsburgh, PA. The organization was established in 2012. 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. As of 12/2019, Dietrich Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Dietrich Foundation generated $76.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $33.8m during the year ending 12/2019. While expenses have increased by 6.3% per year over the past 5 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, Dietrich Foundation has awarded 75 individual grants totaling $114,264,988. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO BENEFIT HIGHER EDUCATION AND OTHER CHARITABLE PURPOSES BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO 13 SUPPORTED ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PER THE DECLARATION OF TRUST DATED AUGUST 23, 2011 OF WILLIAM S. DIETRICH II REVOCABLE TRUST AND THE DIETRICH FOUNDATION (THE "TRUST"), THE FOUNDATION DISTRIBUTES ANNUALLY, OR MORE FREQUENTLY, AN AMOUNT FROM NET INCOME EQUAL TO SUBSTANTIALLY ALL (AT LEAST 85%) OF ITS ANNUAL NET INCOME (AS DEFINED IN THE TRUST). IN THE EVENT THAT THE TOTAL AMOUNT DISTRIBUTED ANNUALLY UNDER THIS REQUIREMENT SHOULD CONSISTENTLY FALL BELOW A RATE OF 3%, THE ANNUAL DISTRIBUTION AMOUNT WILL APPROXIMATE 3% OF THE FAIR VALUE OF THE FOUNDATION'S ASSETS (NET OF ACQUISITION INDEBTEDNESS) AS DETERMINED ON JANUARY 1 OF EACH YEAR. IN MAY 2019, THE FOUNDATION MADE ITS ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATIONS EQUAL TO 3.0% OF NET ASSETS AS CALCULATED AT JANUARY 1, 2018.


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Dietrich Foundation Vendors

Vendor Name (Service)Compensation
Acadian Asset Management
Investment Management
$437,431
Blue Heron Management
Accounting & Admin. Svcs
$319,425
K&l Gates
Legal Counsel
$220,105
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $5,101,238
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $71,321,657
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $76,422,895

Dietrich Foundation Grants Awarded

Over the last fiscal year, Dietrich Foundation has awarded $26,733,806 in support to 15 organizations.

Grant RecipientAmount

CARNEGIE MELLON UNIVERSITY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: SCIENCE PROGRAMS, STUDENT WELLNESS, FACULTY NEEDS

$14,302,587

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: GRADUATE AND UNDERGRADUATE STUDENT SUPPORT

$6,683,452

Greenville, PA

PURPOSE: HONORS COLLEGE CURRICULUM

$1,336,690

THE PITTSBURGH FOUNDATION COMMUNITY FUND

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: COMMUNITY SUPPORT GENERATION

$969,100

PRINCETON UNIVERSITY

Org PageRecipient Profile

Princeton, NJ

PURPOSE: SCHOLARSHIPS/ECONOMICS

$802,014

DUQUESNE UNIVERSITY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: SCHOLARSHIPS

$668,345
View Grant Profile

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