The Fox Aarons Foundation
- Assets
- $1.8m
- Revenue
- $17.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4159057
Organization Overview
The Fox Aarons Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Fox Aarons 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, Fox Aarons Foundation generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $944.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fox Aarons Foundation has awarded 54 individual grants totaling $3,627,500. 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.
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 |
|---|---|---|---|
Philip Aarons Dir, Treas | 1 | $0 | |
Shelley Fox Aarons Dir, Pres | 1 | $0 | |
Zachary Aarons Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $496,725 |
| Interest on Savings | $624 |
| Dividends & Interest | $37,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$517,355 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,822 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,903 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,189 |
| Total operating and administrative expenses | $24,092 |
| Contributions, gifts, grants paid | $920,000 |
| Total expenses and disbursements | $944,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,280 |
| 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 | $1,751,997 |
| 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 Fox Aarons Foundation has awarded $920,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN INSTITUTE OF ARTS AND SCIENCES PURPOSE: EXHIBITION SUPPORT | $125,000 |
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: BROWN PAC, FOX AARONS FAMILY STUDIO | $50,000 |
FRIENDS OF THE HIGH LINE INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CREATIVE TIME INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
FRIENDS OF THE HIGH LINE INC PURPOSE: HIGHLINE ART | $100,000 |
LOWER EAST SIDE TENEMENT MUSEUM PURPOSE: GENERAL & UNRESTRICTED | $50,000 |