The Royso Foundation
- Assets
- $8.0m
- Revenue
- -$64.8k
- Investments
- $7.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-3114715
Organization Overview
The Royso Foundation is located in Wilmington, DE. 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. Royso Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Royso Foundation has awarded 24 individual grants totaling $1,915,000. 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 |
|---|---|---|---|
Michael Rowell Director | 1 | $0 | |
Alexis Rowell President, Secretary, Treasurer, Dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,280 |
| Dividends & Interest | $171,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$251,134 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$64,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $63,923 |
| Contributions, gifts, grants paid | $1,170,000 |
| Total expenses and disbursements | $1,233,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,717 |
| 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 | $1,377,798 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,961,040 |
| 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 Royso Foundation has awarded $1,170,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SPUR COMMUNITY FOUNDATION INC PURPOSE: SLOAN ANNUAL FUND | $200,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL SUPPORT | $100,000 |
THE ONE LOVE FOUNDATION IN HONOR OF YEARDLEY LOVE INC PURPOSE: GENERAL SUPPORT | $10,000 |
COMMUNITY LIBRARY ASSOCIATION INC KETCHUM SUN VALLEY & TRIUMPH PURPOSE: GENERAL SUPPORT | $525,000 |
NAVY SEAL FOUNDATION INC PURPOSE: GENERAL SUPPORT | $50,000 |
EASTSIDE PREPARATORY SCHOOL PURPOSE: GENERAL SUPPORT | $250,000 |