Driscoll Family Foundation
- Assets
- $2.4m
- Revenue
- $748.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2776782
Organization Overview
Driscoll Family Foundation is located in Old Greenwich, CT. The organization was established in 2019. 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. Driscoll Family 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, Driscoll Family Foundation generated $748.5k 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 (19.7%) each year. All expenses for the organization totaled $425.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Driscoll Family Foundation has awarded 18 individual grants totaling $928,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS UNDER IRC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Driscoll Trustee | 0 | $0 | |
John P Driscoll IV Trustee | 0 | $0 | |
Daniel J Driscoll Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,162 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,141 |
| Capital Gain Net Income | $217,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $748,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,300 |
| Total operating and administrative expenses | $47,330 |
| Contributions, gifts, grants paid | $378,000 |
| Total expenses and disbursements | $425,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,804 |
| Savings and temporary cash investments | $0 |
| 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 | $2,389,527 |
| 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, Driscoll Family Foundation has awarded $378,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD BUSINESS SCHOOL PURPOSE: EDUCATIONAL | $50,000 |
ALLIANCE TO END HUNGER PURPOSE: GENERAL PURPOSE | $25,000 |
BUSINESS EXECUTIVES FOR NATIONAL SECURITY PURPOSE: GENERAL PURPOSE | $75,000 |
THE ASPEN INSTITUTE PURPOSE: GENERAL PURPOSE | $50,000 |
THE GILMAN SCHOOL PURPOSE: EDUCATIONAL | $10,000 |
UTAH FILM CENTER PURPOSE: GENERAL PURPOSE | $68,000 |