Day Foundation
- Assets
- $145.1m
- Revenue
- $8.5m
- Investments
- $140.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1962
- Data as of
- 12/2022
- EIN
- 64-6025122
Organization Overview
Day Foundation is located in Memphis, TN. The organization was established in 1962. 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. Day 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, Day Foundation generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $8.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Day Foundation has awarded 232 individual grants totaling $80,902,018. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Richard Buchignani President/trustee | 20 | $135,000 | |
William G Griesbeck Vp-Treasurer/trustee | 20 | $135,000 | |
C Thomas Whitman Trustee As Necessary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Capital Partners Llc | 12/30/22 | $336,297 |
Reynolds Bone & Griesbeck Plc | 12/30/22 | $65,886 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,423 |
| Dividends & Interest | $813,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,663,417 |
| Capital Gain Net Income | $5,711,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,007,961 |
| Total Revenue | $8,500,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $508,257 |
| Total operating and administrative expenses | $1,716,429 |
| Contributions, gifts, grants paid | $7,105,193 |
| Total expenses and disbursements | $8,821,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,207,249 |
| 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 | $140,803,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,048,512 |
| Total assets | $145,059,253 |
| 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, Day Foundation has awarded $7,105,193 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BINGHAMPTON CHRISTIAN ACADEMY PURPOSE: OPERATING SUPPORT | $120,000 |
CHRISTIAN BROTHERS HIGH SCHOOL PURPOSE: OPERATING SUPPORT | $320,000 |
ANGELSTREET PURPOSE: OPERATING SUPPORT | $30,000 |
EMMANUEL CENTER PURPOSE: OPERATING SUPPORT | $20,000 |
KARAT PLACE INC PURPOSE: OPERATING SUPPORT | $25,000 |
COMMUNITY FOUNDATION OF GREATER MEMPHIS PURPOSE: OPERATING SUPPORT | $7,520 |