Longwood Foundation Inc
- Assets
- $0.0
- Revenue
- $53.1m
- Investments
- $773.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1940
- Data as of
- 09/2020
- EIN
- 51-0066734
Organization Overview
Longwood Foundation Inc is located in Wilmington, DE. The organization was established in 1940. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Longwood 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 09/2020, Longwood Foundation Inc generated $53.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $40.9m during the year ending 09/2020. While expenses have increased by 3.3% per year over the past 5 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 2016, Longwood Foundation Inc has awarded 716 individual grants totaling $450,074,991. 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
DELAWARE TALENT LIVE - PROGRAM TO ENCOURAGE YOUNG PROFESSIONALS TO LIVE AND WORK IN WILMINGTON, DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleuthere I Du Pont II President | 40 | $332,332 | |
Stephen A Martinenza Asst Sec/treas | 40 | $231,482 | |
Maria Stecker Grants Manager | 40 | $105,833 | |
Jerry Penrose Controller | 40 | $87,734 | |
Sandra S Drew Accountant | 40 | $74,144 | |
Lauren A Petrusky Grants Administrator | 40 | $71,043 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baillie Gifford | 9/29/21 | $547,753 |
Focused Investor | 9/29/21 | $467,866 |
Kiltearn Investment Management | 9/29/21 | $340,420 |
Windmark Inv Partners | 9/29/21 | $819,530 |
Highclere International Investors | 9/29/21 | $210,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $444,019 |
| Dividends & Interest | $10,623,166 |
| Profit on Inventory Sales | $0 |
| Other Income | $883,566 |
| Total Revenue | $53,076,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $331,659 |
| Pension plans, employee benefits | $205,781 |
| Depreciation | $0 |
| Occupancy | $80,079 |
| Travel, conferences, and meetings | $23,662 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $7,063,893 |
| Contributions, gifts, grants paid | $33,796,126 |
| Total expenses and disbursements | $40,860,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,716,766 |
| Investments—mortgage loans | $0 |
| Investments—other | $768,486,910 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Longwood Foundation Inc has awarded $54,665,361 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
LONGWOOD GARDENS PURPOSE: CAPITAL PROJECTS | $16,000,000 |
Wilmington, DE PURPOSE: DEBT SERVICE | $4,600,000 |
LONGWOOD GARDENS PURPOSE: OPERATING SUPPORT | $3,500,000 |
Wilmington, DE PURPOSE: SOCIAL JUSTICE & EDUCATIONAL EQUITY | $1,300,000 |
STATE OF DELAWARE -- DIVISION OF THE ARTS PURPOSE: DE ARTS EQUITY AND INNOVATION INCUBATOR | $1,250,000 |
DELAWARE STATE UNIVERSITY FOUNDATION PURPOSE: PROJECT WOLVERINE:ACQUIRING WESLEY | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Longwood Foundation Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL | | $500 |
The Foundation To Promote Self Taught Art Inc New York, NY PURPOSE: CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |