Dave And Cheryl Duffield Foundation
- Assets
- $502.9m
- Revenue
- $132.1m
- Investments
- $466.0m
- Employees
- 0
- Location
- Incline Village, NV
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4279721
Organization Overview
Dave And Cheryl Duffield Foundation is located in Incline Village, NV. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dave And Cheryl Duffield 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 12/2022, Dave And Cheryl Duffield Foundation generated $132.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $16.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dave And Cheryl Duffield Foundation has awarded 350 individual grants totaling $83,367,133. 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 |
|---|---|---|---|
James Dugdale President | 40 | $294,231 | |
Cheryl Duffield Board Member | 1 | $0 | |
Chris Watts Treasurer | 8 | $133,750 | |
David Duffield Board Member | 1 | $0 | |
Amy Zeifang Board Member | 1 | $0 | |
Laurie Peek Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $865,227 |
Tiedemann Advisors | 12/30/22 | $644,301 |
Goldman Sachs & Co Llc | 12/30/22 | $570,798 |
Incline Wealth Advisors Inc | 12/30/22 | $133,750 |
Kpmg Llp | 12/30/22 | $78,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,603,250 |
| Interest on Savings | $1,101,263 |
| Dividends & Interest | $6,291,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,896,035 |
| Capital Gain Net Income | $69,896,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164,726 |
| Total Revenue | $132,057,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $399,231 |
| Other employee salaries and wages | $576,672 |
| Pension plans, employee benefits | $161,097 |
| Interest | $99 |
| Taxes | $1,392,136 |
| Depreciation | $0 |
| Occupancy | $90,607 |
| Travel, conferences, and meetings | $36,180 |
| Printing and publications | $0 |
| Other expenses | $383,240 |
| Total operating and administrative expenses | $5,648,932 |
| Contributions, gifts, grants paid | $10,949,298 |
| Total expenses and disbursements | $16,598,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,024,473 |
| Savings and temporary cash investments | $20,870,899 |
| 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 | $100,936,739 |
| Net Land, buildings, and equipment | $303,128 |
| Other assets | $12,726,756 |
| Total assets | $502,904,867 |
| Accounts payable and accrued expenses | $43,162 |
| Grants payable | $11,262,095 |
| 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 | $11,305,257 |
Grants Awarded
Over the last fiscal year, Dave And Cheryl Duffield Foundation has awarded $23,730,044 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF UT/NV AND WESTERN WILDFIRES | $2,000,000 |
ASDPMV PURPOSE: 2022 NATIONAL SERVICE DOGS FOR VETERANS CONFERENCE | $8,000 |
BOYS & GIRLS CLUB OF NORTH LAKE TAHOE PURPOSE: WINE ON THE WATER SPONSORSHIP, BOYS & GIRLS CLUB NORTH LAKE TAHOE | $263,500 |
CALANIMALS PURPOSE: FIRE ASSISTANCE RESPONSE GRANT | $20,000 |
CHURCHILL ANIMAL PROTECTION SOCIETY (CAPS) PURPOSE: CRESCENT VALLEY RESCUE | $1,200 |
CORNELL UNIVERSITY PURPOSE: DUFFIELD INSTITUTE FOR ANIMAL BEHAVIOR | $2,380,000 |