Walder Family Foundation
- Assets
- $216.0m
- Revenue
- $11.1m
- Investments
- $206.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 46-4092041
Organization Overview
Walder Family Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Walder Family 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 12/2021, Walder Family Foundation generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.0% each year . All expenses for the organization totaled $30.0m during the year ending 12/2021. While expenses have increased by 51.9% 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 2014, Walder Family Foundation has awarded 432 individual grants totaling $54,848,932. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CHICAGO TAKES 10 - NEW VIRTUAL PERFORMANCE SERIES INTENDED TO PROVIDE SUPPORT TO PERFORMING ARTISTS AND ARTS ORGANIZATIONS DURING PANDEMIC. ARTISTS RECEIVE STIPENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Laney Sr Program Director | 40 | $228,525 | |
Meagan Leary Sr Program Director | 40 | $177,700 | |
Juliana Kerr Sr Program Director | 40 | $171,800 | |
Jack Westwood Sr Program Officer | 40 | $131,006 | |
Brittany Andersen Sr Grants Manager | 40 | $122,231 | |
Kate Coughlin Treas | 13 | $95,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Blair & Company Llc | 12/30/21 | $737,283 |
Mcdermott Will & Emery Llp | 12/30/21 | $427,308 |
New Venture Fund | 12/30/21 | $75,000 |
Foundation Source | 12/30/21 | $97,536 |
Foresight Design Initiative | 12/30/21 | $79,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,835 |
| Dividends & Interest | $4,547,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,566,229 |
| Capital Gain Net Income | $6,529,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,130,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,757 |
| Other employee salaries and wages | $1,375,277 |
| Pension plans, employee benefits | $345,426 |
| Interest | $116,339 |
| Taxes | $241,319 |
| Depreciation | $165,539 |
| Occupancy | $230,496 |
| Travel, conferences, and meetings | $6,850 |
| Printing and publications | $2,542 |
| Other expenses | $203,904 |
| Total operating and administrative expenses | $4,613,745 |
| Contributions, gifts, grants paid | $25,356,980 |
| Total expenses and disbursements | $29,970,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,952,574 |
| Net Accounts receivable | $13,528 |
| 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 | $1,069,268 |
| Other assets | $0 |
| Total assets | $215,951,796 |
| 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 | $12,549,361 |
| Total liabilities | $12,549,361 |
Grants Awarded
Over the last fiscal year, Walder Family Foundation has awarded $25,356,980 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
HEBREW THEOLOGICAL COLLEGE PURPOSE: PURCHASE OF THE PROPERTY LOCATED AT 2620 TOUHY AVENUE IN CHICAGO | $1,500,000 |
Chicago, IL PURPOSE: B3: BOOSTERS BREAKTHROUGHS AND BIOREPOSITORIES | $914,149 |
Chicago, IL PURPOSE: ALIVE CHURCH NETWORK: INCREASING COVID-19 TESTING IN CHICAGO'S AFRICAN AMERICAN TESTING DESERTS | $700,000 |
Chicago, IL PURPOSE: COVID-19 FUND TO RETAIN CLINICAL SCIENTISTS | $550,000 |
Evanston, IL PURPOSE: COVID-19 FUND TO RETAIN CLINICAL SCIENTISTS | $550,000 |
Chicago, IL PURPOSE: COVID EQUITY RESPONSE COLLABORATIVE LOYOLA: UNDERSTANDING COVID-19 TRANSMISSION IN COMMUNITIES OF COLOR | $545,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |