Dudley Family Foundation
- Assets
- $29.6m
- Revenue
- $1.1m
- Investments
- $28.4m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 01/2015
- Data as of
- 12/2020
- EIN
- 47-2161892
Organization Overview
Dudley Family Foundation is located in Mclean, VA. 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. Dudley 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 12/2020, Dudley Family Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dudley Family Foundation has awarded 114 individual grants totaling $6,115,150. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha A Dudley Vice President, Secretary, | 2 | $0 | |
William N Dudley Jr President, Director | 2 | $0 | |
Julia M Gutierrez Vice President, Treasurer, | 1 | $0 | |
Caroline M Dudley Vice President, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $181 |
| Dividends & Interest | $657,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $413,240 |
| Capital Gain Net Income | $413,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,674 |
| Total Revenue | $1,086,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $173 |
| Taxes | $38,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,214 |
| Total operating and administrative expenses | $188,653 |
| Contributions, gifts, grants paid | $1,572,950 |
| Total expenses and disbursements | $1,761,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,163,136 |
| Savings and temporary cash investments | $0 |
| 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 | $1,943,599 |
| Investments—other | $9,950,029 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,100 |
| Total assets | $29,564,131 |
| 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 | $180,000 |
| Total liabilities | $180,000 |
Grants Awarded
Over the last fiscal year, Dudley Family Foundation has awarded $1,621,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: GENERAL USE. | $550,000 |
PURDUE FOUNDATION PURPOSE: GENERAL USE. | $500,000 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL USE. | $330,000 |
Portland, OR PURPOSE: GENERAL USE. | $35,000 |
ST MICHAEL CATHOLIC SCHOOL PURPOSE: GENERAL USE. | $30,000 |
Vancouver, WA PURPOSE: GENERAL USE. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
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 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
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 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |