Marriott Daughters Foundation
- Assets
- $79.4m
- Revenue
- $2.9m
- Investments
- $77.9m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 09/2011
- Data as of
- 08/2022
- EIN
- 45-2590105
Organization Overview
Marriott Daughters Foundation is located in Bethesda, MD. The organization was established in 2011. 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. Marriott Daughters 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 08/2022, Marriott Daughters Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $6.1m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancie Lynch Executive Director & Secretary | 14 | $127,792 | |
Meredith Asbury Sr. Program Officer | 16 | $62,114 | |
Tom Digenno Sr. Program Officer | 16 | $61,945 | |
Karen Christine Marriott Director | 0.1 | $0 | |
James A Poulos Treasurer | 0.1 | $0 | |
Mary Alice Marriott Hatch Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,064 |
| Dividends & Interest | $2,084,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $762,801 |
| Capital Gain Net Income | $762,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,865,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,792 |
| Other employee salaries and wages | $189,068 |
| Pension plans, employee benefits | $86,673 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $11,418 |
| Travel, conferences, and meetings | $6,516 |
| Printing and publications | $0 |
| Other expenses | $27,472 |
| Total operating and administrative expenses | $605,675 |
| Contributions, gifts, grants paid | $5,491,710 |
| Total expenses and disbursements | $6,097,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,486,521 |
| 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 | $46,214,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,408,936 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |