Daftuar Family Foundation
- Assets
- $71.3m
- Revenue
- $27.8m
- Investments
- $56.9m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4685449
Organization Overview
Daftuar Family Foundation is located in Greenwich, CT. The organization was established in 2015. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daftuar 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, Daftuar Family Foundation generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 28.4% 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 2017, Daftuar Family Foundation has awarded 99 individual grants totaling $14,964,822. 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 |
|---|---|---|---|
Guy Eakin Chief Science Office | 40 | $286,013 | |
Scott T Santarella Former CEO | 40 | $152,199 | |
Stephanie Peterson Grants Manager | 40 | $103,913 | |
Jonathan Kartt CEO | 40 | $68,300 | |
Jaime Lynn Soderberg Office Manager | 40 | $54,062 | |
Suhas Daftuar Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sandler Search | 12/30/21 | $61,060 |
Pine Ridge Advisers Llc | 12/30/21 | $313,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,262,356 |
| Interest on Savings | $393 |
| Dividends & Interest | $409,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,072,661 |
| Capital Gain Net Income | $13,625,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,660 |
| Total Revenue | $27,782,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,300 |
| Other employee salaries and wages | $686,349 |
| Pension plans, employee benefits | $69,133 |
| Interest | $0 |
| Taxes | $21,394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,969 |
| Printing and publications | $0 |
| Other expenses | $792,739 |
| Total operating and administrative expenses | $1,687,785 |
| Contributions, gifts, grants paid | $2,448,513 |
| Total expenses and disbursements | $4,136,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,362 |
| Savings and temporary cash investments | $4,666,103 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,988,691 |
| Total assets | $71,306,059 |
| 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 |
Grants Awarded
Over the last fiscal year, Daftuar Family Foundation has awarded $6,360,868 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
PRESIDENT AND FELLOWS OF HARVARD UNIVERSITY PURPOSE: HARVARD JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES | $833,333 |
PRESIDENT AND FELLOWS OF HARVARD UNIVERSITY PURPOSE: HARVARD JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES | $833,333 |
Greenwich, CT PURPOSE: CENTER FOR MATH EXCELLENCE AS PART OF LEAD THE WAY CAMPAIGN | $600,000 |
Greenwich, CT PURPOSE: CENTER FOR MATH EXCELLENCE AS PART OF LEAD THE WAY CAMPAIGN | $600,000 |
Greenwich, CT PURPOSE: CENTER FOR MATH EXCELLENCE AS PART OF LEAD THE WAY CAMPAIGN | $600,000 |
Greenwich, CT PURPOSE: CENTER FOR MATH EXCELLENCE AS PART OF LEAD THE WAY CAMPAIGN | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
D-Tree International Inc Norwell, MA | $2,757,455 | $3,887,683 |
Daftuar Family Foundation Greenwich, CT | $71,306,059 | $27,782,595 |
International Society For Infectious Diseases Inc Brookline, MA | $4,197,503 | $2,195,925 |
Malignant Hyperthermia Association Of The United State Mhaus Sherburne, NY | $2,318,292 | $601,778 |
Tedys Team Inc Plainville, MA | $783,098 | $481,339 |
American Society For Artificial Internal Organs Inc Beverly, MA | $1,628,752 | $275,901 |
National Lymphedema Network Inc New York, NY | $302,169 | $405,495 |
Roosevelt Warm Springs Foundation Boston, MA | $4,358,228 | $282,464 |
Resilient Sisterhood Project Inc Boston, MA | $532,973 | $443,573 |
Understanding Our Differences Inc Newtonville, MA | $258,744 | $261,689 |
Airway Revolution Foundation Inc Staten Island, NY | $35,419 | $0 |
Connecticut Coalition For Organ & Tissue Donation Inc Andover, CT | $203,284 | $57,404 |