Fernandez Buddin Family Foundation
- Assets
- $6.6m
- Revenue
- $627.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 87-1066837
Organization Overview
Fernandez Buddin Family 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. Fernandez Buddin 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 12/2023, Fernandez Buddin Family Foundation generated $627.7k 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 (56.3%) each year. All expenses for the organization totaled $574.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidre Buddin Sec, Treas, Dir, Pres | 1 | $0 | |
Jose A Fernandez Dir, Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $140,284 |
| Dividends & Interest | $142,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,925 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $627,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $533 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,957 |
| Total operating and administrative expenses | $34,653 |
| Contributions, gifts, grants paid | $540,000 |
| Total expenses and disbursements | $574,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,521,517 |
| 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 | $6,645,199 |
| 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, Fernandez Buddin Family Foundation has awarded $540,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARAS OF THE AMERICAS PURPOSE: GENERAL & UNRESTRICTED | $300,000 |
DIABETES RESEARCH CONNECTION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
JDRF INTERNATIONAL PURPOSE: CHARITABLE EVENT | $15,000 |
MONARCH SCHOOL PROJECT PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
RADY CHILDRENS HOSPITAL FOUNDATION- SAN DIEGO PURPOSE: FERNANDEZ BUDDIN BASIC NEEDS FUND IN THE DEPARTMENT OF ENDOCRINOLOGY, INTENDED TO ADDRESS FOOD INSECURITY, TECHNOLOGY, DIABETIC SUPPLIES, EDUCATION AND PSYCHOLOGICAL NEEDS | $50,000 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: FERNANDEZ BUDDIN FAMILY FOUNDATION FELLOWSHIP FUND AND THE MEDICAL SCHOOL'S ELIZABETH WEISER CASWELL DIABETES INSTITUTE | $100,000 |