The Corrigan-Walla Foundation
- Assets
- $5.3m
- Revenue
- $432.0k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/1994
- Data as of
- 10/2023
- EIN
- 77-0359520
Organization Overview
The Corrigan-Walla Foundation is located in Wilmington, DE. The organization was established in 1994. 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. Corrigan-Walla 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 10/2023, Corrigan-Walla Foundation generated $432.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $427.8k during the year ending 10/2023. While expenses have increased by 7.9% per year over the past 7 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 2015, Corrigan-Walla Foundation has awarded 152 individual grants totaling $2,196,000. 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 |
|---|---|---|---|
Elsa Corrigan Dir | 1 | $0 | |
Erik Corrigan Dir, Sec | 1 | $0 | |
Sean Corrigan Dir, Treas | 1 | $0 | |
Wilfred James Corrigan Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,828 |
| Dividends & Interest | $134,282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $263,852 |
| Capital Gain Net Income | $263,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $431,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,255 |
| Total operating and administrative expenses | $77,827 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $427,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $791,363 |
| 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 | $5,256,974 |
| 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 Corrigan-Walla Foundation has awarded $350,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
NATURE CONSERVANCY PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BELLARMINE COLLEGE PREPARATORY PURPOSE: GENERAL & UNRESTRICTED | $29,000 |
CIRCUIT EPA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
DENISON UNIVERSITY PURPOSE: THE DEVELOPMENT AND OR MAINTENANCE OF THE LACROSSE STADIUM AND TOWARD THE ANNUAL FUND | $20,000 |
BIG BROTHERS AND BIG SISTERS OF NEW YORK CITY INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ENVIRONMENTAL DEFENSE FUND INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $2,500 |