Downing Giving Foundation
- Assets
- $6.8m
- Revenue
- $1.8m
- Investments
- $6.1m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2021
- EIN
- 83-3817278
Organization Overview
Downing Giving Foundation is located in Philadelphia, PA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downing Giving 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, Downing Giving Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.6%) each year.
Since 2020, Downing Giving Foundation has awarded 13 individual grants totaling $375,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elinor M Marrazzo President | 0 | $0 | |
Jeffrey D Marrazzo Secretary And Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,489,773 |
| Interest on Savings | $6 |
| Dividends & Interest | $96,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242,637 |
| Capital Gain Net Income | $242,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,828,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,497 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $215,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $716,835 |
| 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 | $6,831,147 |
| 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, Downing Giving Foundation has awarded $195,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: ELIMINATE THE IMPACT OF POVERTY ON OUR NEIGHBORS IN THE GREATER BOSTON AREA. | $100,000 |
Berwyn, PA PURPOSE: PROMOTES CIVIC EDUCATION AND ENGAGEMENT | $37,500 |
Philadelphia, PA PURPOSE: MISSION IS TO SEEK TRUTH, CHALLENGE THE INTELLECT, HONOR DIFFERENCES, EMBRACE THE CITY, AND NURTURE EACH STUDENT'S MIND, BODY AND SPIRIT. | $25,000 |
Philadelphia, PA PURPOSE: EDUCATES CHILDREN FOR A FUTURE THAT IS IMPOSSIBLE TO KNOW BUT NOT IMPOSSIBLE TO SHAPE. | $15,000 |
Philadelphia, PA PURPOSE: PROVIDING NEWS WHEN YOU NEED IT, ENTERTAINMENT WHEN YOU WANT IT AND EDUCATION WHEN IT COUNTS | $15,000 |
Erwinna, PA PURPOSE: PROTECT THE ENVIRONMENT AND PRESERVE OPEN SPACE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Cincinnati Institute Of Fine Arts Cincinnati, OH | $143,710,134 | $18,167,716 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
Mid Atlantic Arts Inc Baltimore, MD | $4,986,510 | $4,229,657 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |