The Power Of Giving Foundation
- Assets
- $5.0m
- Revenue
- $6.1m
- Investments
- $2.9m
- Employees
- 0
- Location
- Chester, PA
- Founding
- Data as of
- 12/2023
- EIN
- 92-1575675
Organization Overview
The Power Of Giving Foundation is located in Chester, PA. 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. Power Of 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.
Since 2023, Power Of Giving Foundation has awarded 56 individual grants totaling $924,173. 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 |
|---|---|---|---|
Asher Rafael Director, Chair | 1 | $0 | |
Hollie Delaney Director, Treasurer | 1 | $0 | |
Anu Gupta MD Director, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,010,000 |
| Interest on Savings | $750 |
| Dividends & Interest | $46,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,057,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,722 |
| Printing and publications | $0 |
| Other expenses | $11,640 |
| Total operating and administrative expenses | $171,409 |
| Contributions, gifts, grants paid | $924,173 |
| Total expenses and disbursements | $1,095,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,085,223 |
| 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 | $2,877,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,962,600 |
| 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 Power Of Giving Foundation has awarded $924,173 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS COMMUNITY OUTREACH PURPOSE: SPONSORING GIFTS AND FAMILIES DURING HOLIDAY PARTY & PRESENT INITIATIVE | $27,675 |
AFRICAN AMERICAN CHAMBER OF COMMERCE FOUNDATION PURPOSE: TO PROVIDE FINANCIAL LITERACY PROGRAMS TO BLACK-OWNED BUSINESSES | $10,000 |
ATLANTA BELTLINE PARTNERSHIP INC PURPOSE: FUNDING FOR WEIRD THINGS 2024 | $10,000 |
22 MOHAWKS PURPOSE: "PUPS FOR VETERANS" PROGRAM, ALLOW FOR 4 DOG RESCUES, TRAININGS/PAIRINGS & DOG FOOD/SUPPLIES | $10,000 |
BLANKETS OF HOPE INC PURPOSE: 1,000 BLANKETS FOR THOSE IN SHELTERS THROUGHOUT THE NYC COMMUNITY | $10,000 |
BLESSED SARNELLI COMMUNITY INC PURPOSE: REPAIRING OF CURRENT BUILDING, WHICH IS IN NEED OF LANDSCAPING, REPLACING SMOKE DETECTORS, PAINTING, MOLD REMEDIATION, AND BASEMENT DE-HUMIDIFICATION | $62,500 |