Whitcomb Family Foundation Inc
- Assets
- $12.9m
- Revenue
- $1.1m
- Investments
- $12.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-5620198
Organization Overview
Whitcomb Family Foundation Inc is located in Wilmington, DE. The organization was established in 2016. 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. Whitcomb Family Foundation Inc 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 12/2023, Whitcomb Family Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Whitcomb Family Foundation Inc has awarded 322 individual grants totaling $7,226,055. 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 |
|---|---|---|---|
Jannah Overcast Dir | 2 | $0 | |
Brendan P Whitcomb Dir | 1 | $0 | |
David A Whitcomb Dir, Sec | 1 | $0 | |
Elizabeth Whitcomb Pres, Dir | 10 | $0 | |
Richard A Whitcomb Dir, Treas | 1 | $0 | |
Richard W Whitcomb Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,385 |
| Dividends & Interest | $426,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $699,637 |
| Capital Gain Net Income | $748,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,141,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,088 |
| Total operating and administrative expenses | $105,222 |
| Contributions, gifts, grants paid | $1,207,000 |
| Total expenses and disbursements | $1,312,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $495,648 |
| 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 | $0 |
| Total assets | $12,895,823 |
| 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, Whitcomb Family Foundation Inc has awarded $1,207,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHORAGE INC PURPOSE: GENERAL & UNRESTRICTED | $70,000 |
ANGELS AMONG US PET RESCUE INC PURPOSE: GENERAL & UNRESTRICTED | $28,500 |
ATLANTA BALLET INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CENTER FOR PUPPETRY ARTS INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
DAVE KRACHE FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
EAGLE RANCH INC PURPOSE: CHARITABLE EVENT | $75,000 |