Overview
What is Delaware Community Foundation Inc?
Delaware Community Foundation Inc is a Wilmington-based nonprofit organization dedicated to enhancing the lives of Delaware residents by fostering philanthropy and channeling charitable resources effectively. In the fiscal year ended June 30, 2022, they granted over $31 million to local nonprofits and students from donor-advised funds, along with $478,900 in scholarships and $669,236 in direct grants. Their mission is to empower and grow philanthropy in Delaware, with a vision of expanding opportunities for all and enhancing the common good. The Delaware Community Foundation acts as a facilitator, information resource, and manager of charitable funds, helping communities and philanthropists focus their resources for the greatest community benefit statewide. With a team of 32 employees, they have awarded millions in grants and program expenses, making a significant impact on Delaware's communities.
Official website here: www.delcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Delaware Community Foundation Inc has achieved an impressive 100% score from Charity Navigator, indicating a high level of accountability and financial health. This rating reflects the foundation's commitment to transparency and responsible management, showcasing that it meets all the necessary criteria for financial oversight. Key strengths include a fully independent board, no material diversions of assets, and excellent fundraising efficiency.
Strengths of the foundation are further highlighted by its outstanding program expense ratio of nearly 88%, demonstrating a strong focus on mission-related activities. The foundation also maintains a low liabilities to assets ratio and a substantial working capital ratio, which suggests that it is well-positioned to sustain its operations and support its programs effectively. The governance policies in place, such as conflict of interest and whistleblower policies, contribute to its robust accountability framework.
While the ratings are highly favorable, the data itself does not indicate specific areas of improvement or limitations, which typically provides a complete picture of an organization. Nonetheless, the Delaware Community Foundation Inc stands out as a well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Community Foundation Inc legitimate?
Delaware Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Community Foundation Inc 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: $286,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.delcf.org
What is the mission statement of Delaware Community Foundation Inc?
The Delaware Community Foundation Inc is dedicated to enhancing the lives of Delaware's people by fostering and expanding philanthropy. Through knowledge and relationships, this organization envisions a Delaware where generosity broadens opportunities for all and improves the common good. As a facilitator, information resource, and manager of charitable funds, the Delaware Community Foundation helps communities and philanthropists channel charitable resources effectively for maximum community benefit statewide.
Official website here: www.delcf.org
Who is the CEO of Delaware Community Foundation Inc?
John Stuart Comstock-Gay is the President & Ceo of Delaware Community Foundation Inc. The CEO's salary of Delaware Community Foundation Inc is $292,018 and their total compensation is $363,171.
Official website here: www.delcf.org
What is the revenue of Delaware Community Foundation Inc?
Delaware Community Foundation Inc's revenue in 2022 was $55,764,041.
Official website here: www.delcf.org
Who are the executives of Delaware Community Foundation Inc and what are their salaries?
The average compensation at Delaware Community Foundation Inc during 2022 was $8,950. There are 32 employees and 79 volunteers at Delaware Community Foundation Inc.
Here are 22 key members and their salaries (Delaware Community Foundation Inc's CEO's salary is $292,018 and their total compensation is $363,171):
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- Compensation: $292,018
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- Other: $71,153
Official website here: www.delcf.org
Where can I find the form 990 for Delaware Community Foundation Inc?
Delaware Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.delcf.org
Learn more at the official website: www.delcf.org
Mission Statement of Delaware Community Foundation Inc
Delaware Community Foundation Inc, a philanthropic organization, strives to enhance the lives of Delaware's people by fostering and expanding philanthropy. Through the power of knowledge and relationships, the Foundation acts as a facilitator and manager of charitable funds, enabling communities and philanthropists to focus their charitable resources for the greatest community benefit statewide. The organization envisions a Delaware where generosity broadens opportunities for all and strengthens the common good. As a knowledgeable resource and connector, the Delaware Community Foundation empowers communities and philanthropists to make a lasting impact on the lives of Delaware's residents.
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Impact
October, 2024
Delaware Community Foundation Inc plays a vital role in enhancing the lives of individuals and communities throughout Delaware. By empowering philanthropy and facilitating charitable giving, it creates an ecosystem where generosity flourishes, leading to broader opportunities for all residents.
In the fiscal year ending June 30, 2022, the Foundation made significant investments in the state, distributing over $31 million in grants and program expenses. These funds predominantly supported local organizations and students, showcasing a strong commitment to community development. Notably, nearly half a million dollars were awarded in scholarships to 194 students, directly impacting educational opportunities and future career pathways.
Additionally, through the Community Impact Grants program, the Foundation allocated substantial resources to various Delaware organizations, further underscoring its mission to foster a generous and supportive community fabric. By acting as a facilitator and knowledge resource, the Delaware Community Foundation ensures that philanthropic efforts are strategically directed to achieve the greatest benefit for communities across the state. This vision of expanding opportunity and enhancing the common good is instrumental in shaping a brighter future for all Delawareans.
This information is meant to be a general summary of Delaware Community Foundation Inc. 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 2022.
- Investment Income: $29,795,281
- Program Service Revenue: $649,026
- Gross Receipts: $127,317,407
Assets and Liabilities:
- Total Assets: $330,206,079
- Total Liabilities: $39,847,347
- Net Assets: $290,358,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$401,345
PROGRAM INCOME
Revenue
$247,681
Organization Details
Founding Year
1986
Phone
(302) 571-8004Principal Officer
John Stuart Comstock-Gay
Main Address
PO BOX 1636, WILMINGTON, DE, 19899
Website
www.delcf.orgNTEE Category
Code: T310 - Philanthropy
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