Overview
What is Foundation For Delaware County?
The Foundation for Delaware County, a significant charitable organization situated in Media, Pennsylvania, actively invests in the local community's future. Its mission involves promoting generosity, inspiring participation, and fostering partnerships, aiming to enhance the quality of life for all Delaware County residents. Boasting 84 employees, the foundation annually awards competitive impact grants totaling over $1.6 million to various nonprofit organizations. These grants focus on six priority areas, such as children's health, community development, mental health, hospice care, food security, and services for cancer survivors. The foundation's initiatives are instrumental in supporting Delaware County's children, teens, and adults, ultimately achieving positive outcomes for the community. Moreover, in honor of its fifth anniversary, the foundation encouraged nonprofit organizations to establish a permanently endowed fund, offering a 1:5 matching grant, resulting in the creation of four new agency endowment funds during the fiscal year 2022-2023.
Official website here: www.delcofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Foundation For Delaware County has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. With a score of 100 in Accountability & Finance, the organization demonstrates a robust commitment to transparency and responsible management of funds. The board is entirely independent, which enhances its governance structure and decision-making integrity.
A significant strength of the foundation is its high program expense ratio of 88.04%, indicating that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the foundation has shown commendable adaptability, particularly during the challenges posed by the COVID-19 pandemic, and has actively invested in leadership development, which bodes well for its future growth and resilience.
While the foundation excels in many areas, the lower scores in Culture & Community and Leadership & Adaptability (16% and 10%, respectively) may suggest opportunities for improvement in fostering a collaborative organizational culture and community engagement. Overall, the Foundation For Delaware County stands out for its strong financial health and governance, positioning it as a trustworthy nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Delaware County legitimate?
Foundation For Delaware County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Delaware County submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $721,557
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,784,968
For more financial information, click here
Official website here: www.delcofoundation.org
What is the mission statement of Foundation For Delaware County?
The Foundation for Delaware County's mission is centered around ensuring an equitable and vibrant future for its community. This is achieved by promoting generosity, encouraging participation, and fostering partnerships across various sectors. The organization aims to enhance the quality of life for all residents by investing in non-profits that align with its objectives and enrich the community. The Foundation also facilitates philanthropic investment, delivering high-quality public health programs to those in need, and serving as a catalyst for collaboration, bringing together diverse partners to tackle pressing issues.
Official website here: www.delcofoundation.org
Who is the CEO of Foundation For Delaware County?
Frances M Sheehan is the Chairperson of Foundation For Delaware County.
Official website here: www.delcofoundation.org
What is the revenue of Foundation For Delaware County?
Foundation For Delaware County's revenue in 2023 was $8,473,272.
Official website here: www.delcofoundation.org
Who are the executives of Foundation For Delaware County and what are their salaries?
The average compensation at Foundation For Delaware County during 2023 was $53,649. There are 84 employees and 32 volunteers at Foundation For Delaware County.
Here are 24 key members and their salaries:
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- Other: $4,093
Official website here: www.delcofoundation.org
Where can I find the form 990 for Foundation For Delaware County?
Foundation For Delaware County's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.delcofoundation.org
Learn more at the official website: www.delcofoundation.org
Mission Statement of Foundation For Delaware County
The Foundation for Delaware County, being one of over 700 community foundations across the nation and the largest philanthropy in its region, is dedicated to ensuring an equitable and vibrant future for Delaware County. It achieves this mission by promoting generosity, inspiring participation and partnership across various communities, and improving the quality of life for all its residents. The organization fulfills this mission by investing in non-profit organizations whose programs align with its aims and enhance the lives of Delaware County's people.
In addition to philanthropic investments, the Foundation for Delaware County also serves as a facilitator of philanthropic investment with real impact. It delivers vital services by providing high-quality, results-based public health programs to county residents in need. Furthermore, the foundation acts as a positive force in the community, serving as a convener and problem-solver, drawing partners of various kinds into effective collaboration. By engaging in these activities, the Foundation for Delaware County works tirelessly to create a better future for Delaware County and its residents.
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Impact
October, 2024
The Foundation For Delaware County has made a significant impact by investing over $2.5 million into the community in just one year. This funding includes a robust program of competitive impact grants totaling $1,658,360, which were distributed among various critical areas, addressing the pressing needs of residents. The areas of focus include children's health and well-being, food security, community and economic development, mental health, hospice care, and support services for cancer survivors.
By awarding 52 grants that range from $4,000 to $100,000, the Foundation has facilitated a wide array of initiatives that improve the quality of life for residents at all stages of life—from children to adults. This collaborative approach not only enhances access to essential services but also fosters empowerment within the community by promoting partnerships among local organizations.
Moreover, the Foundation encourages long-term sustainability by inviting organizations to establish agency endowment funds, further securing financial resources for future programs. This model of philanthropy not only provides immediate support but also lays the groundwork for ongoing community resilience.
In its role as a convener and problem-solver, the Foundation for Delaware County actively engages with various stakeholders, promoting generosity and inspiring participation across communities. By aligning its funding strategies with the real and diverse needs of the county, it serves as a vital catalyst for positive change, ensuring a more equitable and vibrant future for all residents.
This information is meant to be a general summary of Foundation For Delaware County. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $410,162
- Gross Receipts: $60,583,173
Assets and Liabilities:
- Total Assets: $74,643,898
- Total Liabilities: $4,667,178
- Net Assets: $69,976,720
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Organization Details
Founding Year
1984
Phone
(610) 744-1010Principal Officer
Frances M Sheehan
Main Address
200 EAST STATE STREET 304, MEDIA, PA, 190633434
Website
www.delcofoundation.orgNTEE Category
Code: E110 - Health
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