C E Bennett Foundation
- Assets
- $7.7m
- Revenue
- $469.0k
- Investments
- $7.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 51-0102289
Organization Overview
C E Bennett Foundation is located in Wilmington, DE. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. C E Bennett 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, C E Bennett Foundation generated $469.0k 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 (6.5%) each year. All expenses for the organization totaled $659.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, C E Bennett Foundation has awarded 22 individual grants totaling $1,655,000. 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 |
|---|---|---|---|
Edna B Pierce Ex President (decd In '22) | 0 | $0 | |
Karl E Bennett President | 1 | $0 | |
David Bennett Vice President | 1 | $0 | |
Linda B Frick Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $245,561 |
| Capital Gain Net Income | $245,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $469,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $59,320 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $659,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,320 |
| Savings and temporary cash investments | $197,718 |
| 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 | $7,685,944 |
| 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, C E Bennett Foundation has awarded $600,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP DREAM CATCHER PURPOSE: CHARITABLE | $10,000 |
CHESTER COUNTY HOSPITAL FOUNDATION PURPOSE: CHARITABLE | $100,000 |
COLGATE ROCHESTER CROZER DIVINITY SCHOOL PURPOSE: CHARITABLE | $50,000 |
DELAWARE MUSEUM OF NATURAL HISTORY PURPOSE: CHARITABLE | $50,000 |
DELAWARE SYMPHONY ORCHESTRA PURPOSE: CHARITABLE | $100,000 |
SILVERSIDE CHURCH PURPOSE: CHARITABLE | $100,000 |