The Frederick A Deluca Foundation Inc
- Assets
- $714.8m
- Revenue
- $42.6m
- Investments
- $688.2m
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 65-0755554
Organization Overview
The Frederick A Deluca Foundation Inc is located in Pompano Beach, FL. The organization was established in 1997. 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. Frederick A Deluca 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 12/2022, Frederick A Deluca Foundation Inc generated $42.6m 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 (30.1%) each year. All expenses for the organization totaled $52.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frederick A Deluca Foundation Inc has awarded 703 individual grants totaling $170,058,205. 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 |
|---|---|---|---|
Elisabeth Deluca President, Secretary, Treasurer | 5 | $0 | |
Jonathan Deluca Director | 1 | $0 | |
Suzanne V Greco Director | 0.25 | $0 | |
Henry K Byrne CEO | 40 | $552,692 | |
Angelika Schlanger Director Of Foundati | 40 | $99,300 | |
Jennifer Lew Database Manager | 40 | $90,581 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forbes Family Trust | 12/30/22 | $783,113 |
Morgan Stanley | 12/30/22 | $939,736 |
Andersen Tax Llc | 12/30/22 | $100,858 |
Berkowitz | 12/30/22 | $140,178 |
Holland And Knight | 12/30/22 | $92,998 |
Morgan Stanley | 12/30/22 | $939,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,719,358 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,394,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,098,998 |
| Capital Gain Net Income | $24,098,998 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,425,379 |
| Total Revenue | $42,638,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $997,835 |
| Pension plans, employee benefits | $49,915 |
| Interest | $0 |
| Taxes | $261,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,953,270 |
| Total operating and administrative expenses | $6,654,781 |
| Contributions, gifts, grants paid | $45,722,021 |
| Total expenses and disbursements | $52,376,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,861 |
| Savings and temporary cash investments | $3,920,133 |
| 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 | $18,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $253,576,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,600,196 |
| Total assets | $714,764,268 |
| 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, The Frederick A Deluca Foundation Inc has awarded $91,444,042 in support to 298 organizations.
| Grant Recipient | Amount |
|---|---|
211 PALM BEACH TREASURE COAST INC PURPOSE: CAPACITY BUILDING AROUND OUTREACH EDUCATION AND AWARENESS, INFRASTRUCTURE/ORGANIZATIONAL SUPPORT AND PROGRAMMATIC NEEDS | $97,644 |
ADOPT-A-FAMILY OF THE PALM BEACHES INC PURPOSE: HSP PILOT PROGRAM + SERVICE ENRICHED HOUSING PROGRAM | $110,000 |
ALL FLORIDA YOUTH ORCHESTRA PURPOSE: MUSIC STEPS (STUDENTS TRANSFORMED THROUGH EDUCATION AND PERFORMANCE SKILLS) | $201,230 |
ALL FLORIDA YOUTH ORCHESTRA PURPOSE: NO LIMITS PROGRAM | $50,000 |
ADOPT-A-FAMILY OF THE PALM BEACHES INC PURPOSE: JOB COACH PROGRAM | $70,000 |
ARC BROWARD INC PURPOSE: WORKFORCE DEVELOPMENT | $276,889 |