Generations Of Giving Foundation Inc
- Assets
- $11.8m
- Revenue
- $811.0k
- Investments
- $11.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 84-3163557
Organization Overview
Generations Of Giving Foundation Inc is located in Wilmington, DE. 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. Generations Of Giving Foundation Inc 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 12/2023, Generations Of Giving Foundation Inc generated $811.0k in total revenue.
Since 2020, Generations Of Giving Foundation Inc has awarded 149 individual grants totaling $2,217,000. 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 |
|---|---|---|---|
Steven Borkan Dir, Treas | 1 | $10,000 | |
Cynthia Brown Sec, Dir | 2 | $10,000 | |
Lauren Brown Dir, Pres | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,533 |
| Interest on Savings | $685 |
| Dividends & Interest | $313,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$252,510 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $729,561 |
| Total Revenue | $811,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,119 |
| Total operating and administrative expenses | $83,488 |
| Contributions, gifts, grants paid | $604,500 |
| Total expenses and disbursements | $687,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $374,243 |
| 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 | $2,840,133 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,780,823 |
| 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, Generations Of Giving Foundation Inc has awarded $604,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BLUES THEATER PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
AMERICAN FRIENDS OF SHALVA ISRAEL INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BROTHERS FOR LIFE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
C21 WOMENS ENSEMBLE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BRUCE WOOD DANCE CO INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |