Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Deloitte Foundation
990 • Fiscal year 2024 • EIN 13-6400341
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.85x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
6th percentile
Higher top officer pay than 6% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Balance Sheet
Assets
Down$55,554,108
Down $3,575,244 (-6.0%) from 2023
Net Assets
Up$8,392,004
Up $3,222,402 (+62%) from 2023
Liabilities
Down$47,162,104
Down $6,797,646 (-13%) from 2023
Revenue And Expenses
Revenue
Down$24,791,947
Down $1,583,705 (-6.0%) from 2023
Expenses
Down$24,297,619
Down $1,763,321 (-6.8%) from 2023
Net Income
Up$494,328
Up $179,616 (+57%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- May 28, 2023 to Jun 1, 2024
- Signed
- Jan 17, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $24,791,947
Mission and Program Overview
Mission
The foundation supports various us education initiatives that help the talent of the future, their influencers and promote excellence in teaching, research & curriculum innovation. The foundation also provides financial support to many colleges & universities.
Support education programs which are helping to develop talent of the future.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $39,559,055 | $34,634,948 | ▼ $4,924,107 |
| Pledges and Grants Receivable | $8,910,400 | $9,587,159 | ▲ $676,759 |
| Savings and Temporary Cash Investments | $6,211,920 | $6,514,162 | ▲ $302,242 |
| Cash and Non-Interest-Bearing Accounts | $4,447,977 | $4,817,839 | ▲ $369,862 |
| Total Assets | $59,129,352 | $55,554,108 | ▼ $3,575,244 |
| Liabilities | |||
| Grants Payable | $53,959,750 | $47,162,104 | ▼ $6,797,646 |
| Total Liabilities | $53,959,750 | $47,162,104 | ▼ $6,797,646 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,440,948 | $5,374,405 | ▲ $2,933,457 |
| Net Assets With Donor Restrictions | $2,728,654 | $3,017,599 | ▲ $288,945 |
| Total Net Assets Fund Balance | $5,169,602 | $8,392,004 | ▲ $3,222,402 |
| Total Liabilities and Net Assets / Fund Balance | $59,129,352 | $55,554,108 | ▼ $3,575,244 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $34,634,948 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Lara Abrash | Chair |
| Erin Scanlon | President |
| Alicia Rose | Director-at-large |
| Denise Shepherd | Director-at-large |
| Kim Griffin | Director-at-large |
| Paul Wellener | Director-at-large |
| Randy Gullo | Director-at-large |
| Sean Morris | Director-at-large |
| Tim Davis | Director-at-large |
| Valerie Dickerson | Director-at-large |
| Sam Silvers | Secretary/treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $24,463,824
- Program Service Revenue
- $0
- Investment Income
- $328,123
- Other Revenue
- $0
- All Other Contributions
- $24,463,824
- Change in Net Assets
- $494,328
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $24,791,947
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $6,237,058
- Total Revenue per Audited Statements
- $31,029,005
- Total Revenue per Form 990
- $24,791,947
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $24,023,241 |
| Other Expenses | $274,378 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $23,746,991 | - | - | $23,746,991 |
| Grants to Domestic Individuals | $276,250 | - | - | $276,250 |
| Fees for Service Investment Mgmnt Fees | - | $44,536 | - | $44,536 |
| Fees for Services Accounting | - | $28,583 | - | $28,583 |
| Information Technology | - | $16,595 | - | $16,595 |
| Other Expenses | $10,181 | $11,697 | - | $10,181 |
| All Other Expenses | - | $8,992 | - | $8,992 |
| Fees for Services Other | - | $5,360 | - | $5,360 |
| Fees for Services Legal | - | $738 | - | $738 |
| Total Functional Expenses | $24,181,118 | $116,501 | $0 | $24,297,619 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $27,806,603 |
| Expenses per Audited Statements | $24,297,619 |
| Total Expenses per Form 990 | $24,297,619 |
| Expenses Not Reported on Form 990 | $3,508,984 |
| Expenses Not Reported on Financial Statements | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Charities Aid Foundation America | Alexandria, VA | 501(c)(3) | Matching Gifts to Colleges/universities | $7,560,872 |
| Cristo Rey Network | Chicago, IL | 501(c)(3) | Scholarships | $2,000,000 |
| Naba Foundation | Greenbelt, MD | 501(c)(3) | Scholarships | $1,100,000 |
| Society of Women Engineers | Chicago, IL | 501(c)(3) | Scholarships | $770,000 |
| Thurgood Marshall College Fund | Washington, DC | 501(c)(3) | Scholarships | $764,200 |
| Alpfa Inc | Austin, TX | 501(c)(3) | Scholarships | $750,000 |
| National Society of Black Engineers | Alexandria, VA | 501(c)(3) | Scholarships | $750,000 |
| Hispanic Association of Colleges and Universities | San Antonio, TX | 501(c)(3) | Scholarships | $748,000 |
| Northeastern University | Boston, MA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $667,690 |
| Strive for College Collaborative (ustrive) | Milpitas, CA | 501(c)(3) | Virtual Mentoring Program | $625,000 |
| Fordham University | Ny, NY | 501(c)(3) | Deloitte Foundation Accounting Scholars Program. | $607,842 |
| Big Brothers Big Sisters of America | Tampa, FL | 501(c)(3) | Scholarships | $600,000 |
| Wake Forest University | Winstonsalem, NC | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $576,660 |
| University of California Irvine Foundation | Irvine, CA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $518,730 |
| Braven Inc | Chicago, IL | 501(c)(3) | Education Program Grant | $500,000 |
| Girls Who Code Inc | New York, NY | 501(c)(3) | Support for the Self-paced Program | $500,000 |
| Thrive Scholars | Boston, MA | 501(c)(3) | Support for the Summer Academy Program | $500,000 |
| Pace University | New York, NY | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $441,081 |
| University of Maryland College Park Fndtn Inc | College Park, MD | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $428,231 |
| Depaul University | Chicago, IL | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $424,800 |
| University of North Carolina at Chapel Hill | Chapel Hill, NC | 501(c)(3) | Catch-up Grant & Deloitte Foundation Accounting Scholars Program | $411,311 |
| University of Arizona Foundation | Tucson, AZ | 501(c)(3) | The First Generation Together Initiative & Deloitte Foundation Accounting Scholars Program | $397,406 |
| North Carolina Agricultural and Technical State University | Greensboro, NC | 501(c)(3) | Faculty Support, Curriculum Development, Bridge Programs, Accounting/analytics Lab & Deloitte Foundation Accounting Scholars Program | $380,174 |
| Macaulay Honors College Foundation | New York, NY | 501(c)(3) | Honors Business Hub | $350,000 |
| Naba Inc | New York, NY | 501(c)(3) | Local Impact Grant to San Diego Chapter, Bridge Program and Scholarships | $340,000 |
| The Ohio State University Foundation | Columbus, OH | 501(c)(3) | Local Impact Grant & Deloitte Foundation Accounting Scholars Program | $300,726 |
| Pennsylvania State University - Univ Park | State College, PA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $284,990 |
| Jackson State University Development Foundation Inc | Jackson, MS | 501(c)(3) | Faculty Support, Curriculum Development, High School/freshman Summer Programs, an Accounting/analytics Lab & Deloitte Foundation Accounting Scholars Program | $266,515 |
| Willamette University | Salem, OR | 501(c)(3) | Renjen Fund Donation | $250,000 |
| University of New Mexico Foundation Inc | Albuquerque, NM | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $249,637 |
| University of Houston | Houston, TX | 501(c)(3) | Bridge Program & Deloitte Foundation Accounting Scholars Program | $248,863 |
| Rutgers University Foundation | New Brunswick, NJ | 501(c)(3) | Support for the Pre-college Enrichment Program & Deloitte Foundation Accounting Scholars Program | $234,033 |
| Bentley University | Waltham, MA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program. | $219,938 |
| Bowie State University Foundation Inc | Bowie, MD | 501(c)(3) | Scholarships | $200,000 |
| Hampton University Development Office | Hampton, VA | 501(c)(3) | Scholarships | $200,000 |
| Spelman College | Atlanta, GA | 501(c)(3) | Scholarships | $200,000 |
| Stillman College | Tuscaloosa, AL | 501(c)(3) | Scholarships | $200,000 |
| Loyola Marymount University | Los Angeles, CA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $191,700 |
| University of North Texas Foundation Inc | Denton, TX | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $165,970 |
| Arizona State University Foundation | Tempe, AZ | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $162,857 |
| Kode With Klossy | New York, NY | 501(c)(3) | Scholarships-stem Programming | $150,000 |
| California State Univ Fullerton | Fullerton, CA | 501(c)(3) | Deloitte Foundation Accounting Scholars Program. | $141,491 |
| Morgan State University Foundation Inc | Baltimore, MD | 501(c)(3) | Faculty Support, Curriculum Development and Bridge Programs | $135,023 |
| American Accounting Association | Lakewood Ranch, FL | 501(c)(3) | Academic Awards and Phd Program | $130,232 |
| Greater Washington Partnership | Washington, DC | 501(c)(3) | Scholarships | $125,000 |
| University of Nevada Las Vegas Foundation | Las Vegas, NV | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $121,255 |
| Prairie View A&m | Houston, TX | 501(c)(3) | Faculty Support and Student Support, Bridge Programs, Accounting/analytics Lab | $110,000 |
| Cybergrants Spv LLC (bonterra Llc) | Austin, TX | 501(c)(3) | Matching Gifts to Colleges/universities | $105,399 |
| Texas Tech Foundation | Lubbock, TX | 501(c)(3) | Deloitte Foundation Accounting Scholars Program | $103,090 |
| Cristo Rey Miami High School | North Miami, FL | 501(c)(3) | Local Impact Grant | $100,000 |
| Detroit Regional Chamber Foundation | Detroit, MI | 501(c)(3) | Local Impact Grant | $100,000 |
| Forte Foundation | Austin, TX | 501(c)(3) | Michelle Go Grant | $100,000 |
| Marquette University | Milwaukee, WI | 501(c)(3) | Local Impact Grant | $100,000 |
| Stem Advantage | Huntington Beach, CA | 501(c)(3) | Local Impact Grant | $100,000 |
| United Way of Metropolitan Dallas | Dallas, TX | 501(c)(3) | Local Impact Grant | $100,000 |
| Ymca of Greater New York | New York, NY | - | Local Impact Grant | $100,000 |
| Delaware State University | Dover, DE | 501(c)(3) | Support for the Accounting Learning Center and Bridge Programs | $85,000 |
| University of Washington Foundation | Seattle, WA | 501(c)(3) | Local Impact Grant | $80,000 |
| Baruch College Fund | Ny, NY | 501(c)(3) | Bridge Scholarships & Deloitte Foundation Accounting Scholars Program | $75,450 |
| Cristo Rey Richmond High School | Richmond, VA | 501(c)(3) | Local Impact Grant | $75,000 |
| Louisiana State University Foundation | Baton Rouge, LA | 501(c)(3) | Local Impact Grant | $75,000 |
| Loyola University Maryland | Baltimore, MD | 501(c)(3) | Local Impact Grant | $75,000 |
| University of Colorado Foundation | Broomfield, CO | 501(c)(3) | Local Impact Grant | $60,000 |
| Boys & Girls Clubs of San Francisco | San Francisco, CA | 501(c)(3) | Local Impact Grant | $50,000 |
| Buffalo Prep Inc | Buffalo, NY | 501(c)(3) | Local Impact Grant | $50,000 |
| Charlotte-mecklenburg Schools (cms) Foundation | Charlotte, NC | 501(c)(3) | Local Impact Grant | $50,000 |
| Codecrew | Memphis, TN | 501(c)(3) | Local Impact Grant | $50,000 |
| Communities in Schools of Atlanta | Atlanta, GA | 501(c)(3) | Local Impact Grant | $50,000 |
| District of Columbia College Access Program | Washington, DC | 501(c)(3) | Local Impact Grant | $50,000 |
| Dominican University | River Forest, IL | 501(c)(3) | Local Impact Grant | $50,000 |
| Girl Scouts of Central Texas | Austin, TX | 501(c)(3) | Local Impact Grant | $50,000 |
| Girl Scouts of Northern California | Alameda, CA | 501(c)(3) | Local Impact Grant | $50,000 |
| Girls Inc of San Antonio | San Antonio, TX | 501(c)(3) | Local Impact Grant | $50,000 |
| Hispanic Alliance for Career Enhancement (hace) | Chicago, IL | 501(c)(3) | Local Impact Grant | $50,000 |
| Hope Chicago Inc | Chicago, IL | 501(c)(3) | Local Impact Grant | $50,000 |
| Junior Achievement of Central Upstate Ny Inc | Rochester, NY | 501(c)(3) | Local Impact Grant | $50,000 |
| Junior Achievement of Central Virginia | Richmond, VA | 501(c)(3) | Local Impact Grant | $50,000 |
| Junior Achievement of Chicago | Chicago, IL | 501(c)(3) | Local Impact Grant | $50,000 |
| Junior Achievement of Greater Boston | Bedford, MA | 501(c)(3) | Local Impact Grant | $50,000 |
| Junior Achievement of Middle Tennessee | Nashville, TN | 501(c)(3) | Local Impact Grant | $50,000 |
| New Memphis Institute | Memphis, TN | 501(c)(3) | Local Impact Grant | $50,000 |
| New Pathways for Youth | Phoenix, AZ | 501(c)(3) | Local Impact Grant | $50,000 |
| San Diego Squared | San Diego, CA | 501(c)(3) | Local Impact Grant | $50,000 |
| The Cincinnati Youth Collaborative | Cincinnati, OH | 501(c)(3) | Local Impact Grant | $50,000 |
| University of Cincinnati Foundation | Cincinnati, OH | 501(c)(3) | Local Impact Grant | $50,000 |
| University of St Thomas | Saint Paul, MN | 501(c)(3) | Local Impact Grant | $50,000 |
| Ymca Metropolitan Atlanta | Atlanta, GA | 501(c)(3) | Local Impact Grant | $50,000 |
| Young Black Leadership Alliance | Charlotte, NC | - | Local Impact Grant | $50,000 |
| Boys Hope Girls Hope of Northeastern Ohio | Garfield Hts, OH | 501(c)(3) | Local Impact Grant | $45,000 |
| St Martin De Porres High School | Cleveland, OH | 501(c)(3) | Local Impact Grant | $45,000 |
| The Carver Foundation of Norwalk | Norwalk, CT | 501(c)(3) | Local Impact Grant | $45,000 |
| Diy Girls | Pacoima, CA | 501(c)(3) | Local Impact Grant | $40,000 |
| Emerge Fellowship | Houston, TX | 501(c)(3) | Local Impact Grant | $40,000 |
| Michigan Council for Women and Technology | Southfield, MI | 501(c)(3) | Local Impact Grant | $40,000 |
| St Vrain Valley School District Re-1j | Longmont, CO | 501(c)(3) | Local Impact Grant | $40,000 |
| Children Now | Oakland, CA | 501(c)(3) | Local Impact Grant | $35,000 |
| Compudot | Houston, TX | 501(c)(3) | Local Impact Grant | $35,000 |
| Heights Philadelphia | Philadelphia, PA | 501(c)(3) | Local Impact Grant | $35,000 |
| Philadelphia Youth Basketball Inc | Philadelphia, PA | 501(c)(3) | Local Impact Grant | $35,000 |
| Silicon Valley Leadership Group Foundation | San Jose, CA | 501(c)(3) | Local Impact Grant | $35,000 |
| Junior Achievement of New Jersey | Edison, NJ | 501(c)(3) | Local Impact Grant | $34,000 |
| New Jersey Society of Certified Public Accountants Scholarship Fund | Roseland, NJ | 501(c)(3) | Local Impact Grant | $33,000 |
| The New Jersey Chamber of Commerce Foundation | Trenton, NJ | 501(c)(3) | Local Impact Grant | $33,000 |
| Be a Leader Foundation | Phoenix, AZ | 501(c)(3) | Local Impact Grant | $30,000 |
| CEO Leadership Alliance Orange County | Laguna Beach, CA | 501(c)(3) | Local Impact Grant | $30,000 |
| FINANCIAL WOMEN'S ASSOCIATION OF NEW YORK INC | New York, NY | 501(c)(3) | Local Impact Grant | $30,000 |
| Girls Inc of Greater Philadelphia and Southern Nj | Philadelphia, PA | 501(c)(3) | Local Impact Grant | $30,000 |
| Indiana University Foundation | Bloomington, IN | 501(c)(3) | Local Impact Grant. | $30,000 |
| Junior Achievement of Middle America Inc | Kansas City, KS | 501(c)(3) | Local Impact Grant | $30,000 |
| Seattle Colleges Foundation | Seattle, WA | 501(c)(3) | Local Impact Grant | $30,000 |
| The Ohio CPA Foundation | Columbus, OH | 501(c)(3) | Local Impact Grant | $30,000 |
| Strada Collaborative Inc (dba Roadtripnation Org Ltd) | Costa Mesa, CA | 501(c)(3) | Stem Curriculum | $26,775 |
| A Step Beyond | Escondido, CA | 501(c)(3) | Local Impact Grant | $25,000 |
| Build Metro Dc | Chicago, IL | 501(c)(3) | Local Impact Grant | $25,000 |
| Byte Back | Washington, DC | 501(c)(3) | Local Impact Grant | $25,000 |
| Careerspring Foundation | Bellaire, TX | 501(c)(3) | Local Impact Grant | $25,000 |
| Charlotte Works | Charlotte, NC | 501(c)(3) | Local Impact Grant | $25,000 |
| Juma Ventures | San Francisco, CA | 501(c)(3) | Local Impact Grant | $25,000 |
| Junior Achievement of Northern California | Walnut Creek, CA | 501(c)(3) | Local Impact Grant | $25,000 |
| Link Unlimited Scholars | Chicago, IL | 501(c)(3) | Local Impact Grant | $25,000 |
| Louisiana Youth Seminar | Baton Rouge, LA | 501(c)(3) | Local Impact Grant | $25,000 |
| Maryland Business Roundtable for Education | Baltimore, MD | 501(c)(3) | Local Impact Grant | $25,000 |
| North Hennepin Community College Foundation | Brooklyn Park, MN | 501(c)(3) | Local Impact Grant | $25,000 |
| Ron Burton Training Village Inc | Hubbardston, MA | 501(c)(3) | Local Impact Grant | $25,000 |
| Silicon Valley Education Foundation | San Jose, CA | 501(c)(3) | Local Impact Grant | $25,000 |
| Stem for Her Foundation | Falls Church, VA | 501(c)(3) | Local Impact Grant | $25,000 |
| The Gray Matter Experience | Chicago, IL | 501(c)(3) | Local Impact Grant | $25,000 |
| The Minneapolis Community and Technical College Foundation Inc | Minneapolis, MN | 501(c)(3) | Local Impact Grant | $25,000 |
| The Tech Interactive | San Jose, CA | 501(c)(3) | Local Impact Grant | $25,000 |
| Ymca of Greater Boston | Boston, MA | 501(c)(3) | Local Impact Grant | $25,000 |
| Past Foundation | Columbus, OH | 501(c)(3) | Local Impact Grant | $22,000 |
| Accounting Career Awareness Program | Seattle, WA | 501(c)(3) | Local Impact Grant | $20,000 |
| College Now Greater Cleveland | Cleveland, OH | 501(c)(3) | Local Impact Grant | $10,000 |
| University of Nebraska Foundation | Lincoln, NE | 501(c)(3) | Deloitte Fantaxtic Case Study Competition | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 4
“The bylaws were amended to change the eligibility to be an ex-officio director of the organization from " the persons who, from time to time, are the chairman of the board of deloitte llp, the u.s. Integrated services & offerings leader of deloitte llp, and the president of the corporation shall be ex-officio directors of the corporation" to "the persons who, from time to time, are the chairman of the board of deloitte llp, the secretary/treasurer of the corporation, and the president of the corporation shall be ex-officio directors of the corporation".”
Form 990, Part VI, Section B, Line 11B
“The form 990 is prepared based on audited financial statements and with the assistance of the organization's finance and accounting staff. The final draft of the 990 is provided to all members of the board of directors prior to filing the form.”
Form 990, Part VI, Section B, Line 12C
“The organization regularly monitors and enforces compliance with its conflict of interest policy. Each officer, director, and key employee is required to complete the conflict of interest disclosure statement when they join the board of directors, and annually thereafter. The foundation nomination and governance committee oversees periodic reviews of the policies and compliance with the procedures.”
Form 990, Part VI, Section C, Line 19
“The foundation will make the governing documents, conflict of interest policy, and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Deloitte Foundation
- EIN
- 13-6400341
- Phone
- 2037613000
- Address
- 695 EAST MAIN STREET, STAMFORD, CT 06901
Signing Officer
- Name
- Erin Scanlon
- Title
- President
- Phone
- 2154464361
- Signed
- 2025-01-17
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Erin Scanlon
- Formed
- 1928
- Legal Domicile
- Ny
- Voting Board Members
- 11
- Independent Board Members
- 11
- Employees
- 0
- Volunteers
- 13
Preparer
- Firm
- Deloitte Tax Llp
- Address
- 50 SOUTH SIXTH STREET, MINNEAPOLIS, MN 55402
- Preparer
- Kristina Rasmussen
- Phone
- 6123974000
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Present value discount on grants -713,258.”
Financial Statement Notes
PART X, LINE 2:
“Under generally accepted accounting principles, a tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The foundation had no material uncertain tax positions that qualify for either recognition or disclosure in the financial statements as of june 1, 2024 and june 3, 2023.”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Present value discount on grants 713,258.”
Raw XML AppendixShowing 400 of 1,810 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | SUPPORT EDUCATION PROGRAMS WHICH ARE HELPING TO DEVELOP TALENT OF THE FUTURE. |
| IRS990/AllOtherContributionsAmt | 0 | 24463824 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 8992 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 8992 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2037613000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 695 EAST MAIN STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | STAMFORD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06901 |
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| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 4447977 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 4817839 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 24023241 |
| IRS990/CYInvestmentIncomeAmt | 0 | 328123 |
| IRS990/CYOtherExpensesAmt | 0 | 274378 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 494328 |
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| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 24791947 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | MATCHING GIFTS PROGRAM - THE ORGANIZATION SUPPORTS HIGHER EDUCATION THROUGH CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. |
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| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3017599 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 7802336 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 28583 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 28583 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 738 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 738 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 5360 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5360 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 44536 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 44536 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LARA ABRASH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ERIN SCANLON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SAM SILVERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TIM DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | VALERIE DICKERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KIM GRIFFIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RANDY GULLO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SEAN MORRIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ALICIA ROSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DENISE SHEPHERD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | PAUL WELLENER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY/TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR-AT-LARGE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR-AT-LARGE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1928 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
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| IRS990/GrantsPayableGrp/EOYAmt | 0 | 47162104 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 276250 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 276250 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 23746991 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 23746991 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 24791947 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 16595 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 16595 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 328123 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 328123 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 39559055 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 34634948 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE FOUNDATION SUPPORTS VARIOUS US EDUCATION INITIATIVES THAT HELP THE DIVERSE TALENT OF THE FUTURE, THEIR INFLUENCERS AND PROMOTE EXCELLENCE IN TEACHING, RESEARCH & CURRICULUM INNOVATION. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT TO MANY COLLEGES & UNIVERSITIES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5169602 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8392004 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 3441332 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2440948 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 5374405 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -713258 |
| IRS990/OtherExpensesGrp/Desc | 0 | MATCHING GIFTS OPERATIN |
| IRS990/OtherExpensesGrp/Desc | 1 | RIGHT STEP BAD DEBT |
| IRS990/OtherExpensesGrp/Desc | 2 | AAA ANNUAL MEETING EXP. |
| IRS990/OtherExpensesGrp/Desc | 3 | DOCTORAL FELLOWSHIP |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 136065 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 11631 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 10181 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 136065 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11697 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 11631 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 10181 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
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| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 9587159 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | ERIN SCANLON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | DOCTORAL FELLOWSHIP PROGRAM - THE ORGANIZATION PROVIDES FINANCIAL SUPPORT (FELLOWSHIPS) TO TOP U.S. ACCOUNTING DOCTORAL STUDENTS TO HELP STRENGTHEN THE PIPELINE OF PHD-QUALIFIED ACCOUNTING FACULTY. |
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| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 245000 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | EDUCATIONAL SUPPORT - THE ORGANIZATION CONTINUES TO EVOLVE ALONGSIDE EDUCATION, HELPING TO SUPPORT EDUCATORS AND DEVELOP DIVERSE FUTURE LEADERS IN THE FIELDS OF AUDIT, TAX, ADVISORY AND CONSULTING. THE ORGANIZATION PROVIDES A VARIETY OF PROGRAMS AND INITIATIVES FOR FACULTY AND STUDENTS TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING. |
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| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 16111970 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
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| IRS990/PYContributionsGrantsAmt | 0 | 24411596 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 25833027 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1964056 |
| IRS990/PYOtherExpensesAmt | 0 | 227913 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 314712 |
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| IRS990/PYTotalExpensesAmt | 0 | 26060940 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 26375652 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 494328 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 6514162 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 24411596 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 15885012 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 44479422 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10585756 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 119825610 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 328123 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1964056 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1991951 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 398670 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 585911 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 5268711 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.95790 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.95050 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 119825610 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 24463824 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 24411596 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 15885012 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 44479422 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10585756 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 119825610 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 125094321 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 2795726 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 2795726 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 3508984 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 24297619 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 3441332 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 713258 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 34634948 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | MUTUAL FUNDS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 6237058 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 24791947 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE FOUNDATION HAD NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF JUNE 1, 2024 AND JUNE 3, 2023. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | PRESENT VALUE DISCOUNT ON GRANTS 713,258. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 34634948 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 24297619 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 24791947 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 31029005 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 27806603 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | DOCTORAL FELLOWSHIP PROGRAM |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 1 | DELOITTE FANTAXTIC CASE STUDY COMPETITION - 2024 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt | 0 | 245000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt | 1 | 31250 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 28 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 1 | 71 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 20000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 750000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 130232 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 162857 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 75450 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 219938 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 600000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 9 | 200000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 10 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 11 | 45000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 12 | 500000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 13 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 14 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 15 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 16 | 141491 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 17 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 18 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 19 | 7560872 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 20 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 21 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 22 | 35000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 23 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 24 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 25 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 26 | 35000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 27 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 28 | 2000000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 29 | 75000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 30 | 105399 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 31 | 85000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 32 | 424800 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 33 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 34 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 35 | 40000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 36 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 37 | 40000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 38 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 39 | 607842 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 40 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 41 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 42 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 43 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 44 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 45 | 500000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 46 | 125000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 47 | 200000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 48 | 35000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 49 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 50 | 748000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 51 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 52 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 53 | 266515 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 54 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 55 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 56 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 57 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 58 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 59 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 60 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 61 | 34000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 62 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 63 | 150000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 64 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 65 | 75000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 66 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 67 | 191700 |
Document Assets
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Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $55,554,108
- Liabilities
- $47,162,104
- Net assets
- $8,392,004
- Revenue
- $24,791,947
- Expenses
- $24,297,619
- Net income
- $494,328