Westridge Foundation
- Assets
- $9.3m
- Revenue
- $825.0k
- Investments
- $9.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-2606745
Organization Overview
Westridge Foundation is located in Wilmington, DE. The organization was established in 2018. 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. Westridge 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 12/2021, Westridge Foundation generated $825.0k 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 (35.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Westridge Foundation has awarded 135 individual grants totaling $6,578,000. 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 |
|---|---|---|---|
Shelby E Rachleff Dir | 40 | $72,250 | |
Robert Guenley Dir | 1 | $0 | |
Debra S Rachleff Executive Dir, Pres, Chairman | 8 | $0 | |
Andrew Rachleff Cfo, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $438 |
| Dividends & Interest | $290,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $533,692 |
| Capital Gain Net Income | $533,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $824,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,879 |
| Interest | $0 |
| Taxes | $9,656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,500 |
| Printing and publications | $0 |
| Other expenses | $44,636 |
| Total operating and administrative expenses | $199,438 |
| Contributions, gifts, grants paid | $1,651,000 |
| Total expenses and disbursements | $1,850,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,172 |
| 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 | $9,257,774 |
| 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, Westridge Foundation has awarded $1,651,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: BESS DAVIDOFF SCHOLARSHIP FUND | $250,000 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION PURPOSE: TO PURCHASE RESEARCH EQUIPMENT AS NEEDED BY DR. ARI GREEN | $250,000 |
STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS PURPOSE: DEAN'S FUND AND EARLY CAREER PRE-MBA PILOT PROGRAM | $200,000 |
New York, NY PURPOSE: DAMON RUNYON RACHLEFF INNOVATION AWARD FUND | $200,000 |
San Francisco, CA PURPOSE: CAPITAL CAMPAIGN | $125,000 |
STANFORD UNIVERSITY PURPOSE: THE DEBRA AND ANDREW RACHLEFF UNDERGRADUATE SCHOLARSHIP FUND | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |