MERRILLVILLE, IN

Dean & Barbara White Family Foundation Inc.

Quick Facts

EIN: 352015808
Location: MERRILLVILLE, IN
Category: Philanthropy & Grantmaking
Total Assets: $766.3M
Annual Income: $357.6M
IRS Ruling Year: 1998
Organization Type: Corporation
Principal Officer: % Whiteco Industries Inc.
Tax Deductibility: Contributions are deductible

About This Foundation

Dean & Barbara White Family Foundation Inc. is a private corporation based in MERRILLVILLE, IN. The foundation received its IRS ruling in 1998. The principal officer is % Whiteco Industries Inc.. It holds total assets of $766.3M. Annual income is reported at $357.6M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$78.7M

2023+144%

Total Assets

$816M

2023-6%

Fair Market Value

$818.6M

2023

Net Worth

$816M

2023

Grants Paid

$73.6M

2023

Contributions

2023

Net Investment Income

$24.2M

2023

Distribution Amount

$41.4M

2023

Total Giving by Year

$5.9M

$3.1M

$8.7M

$3.9M

$3.6M

$18.1M

$19.4M

$29M

$32.3M

$78.7M

Asset Growth

$29M

$27.4M

$22.5M

$21.2M

$22.7M

$353M

$740.1M

$792.9M

$866.4M

$816M

Investment Portfolio (2023)

Total: $398.5M

Corporate Stock: $347.1M

Corporate Bonds: $37.2M

Government Obligations: $14.2M

Other Investments: $14.5M

Cash: $17.8M

Corporate Stock (81%)

Corporate Bonds (9%)

Government Obligations (3%)

Other Investments (3%)

Cash (4%)

Expense Breakdown (2023)

Grants Paid$73.6M

Legal Fees$128K

Accounting Fees$9K

Interest$1K

Revenue Sources (2023)

Dividends: $13.5M
Interest: $13.5M
Capital Gains (Net): $1M
Other Income: $378K

Financial Details (2023)

Total Revenue: $28.4M
Total Expenses: $78.7M
Exempt Purpose Expenses: $74.3M
Required Distribution: $41.4M
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $336K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$25.1M

Average Grant

$2.1M

Median Grant

$350K

Grant Range

Min$20K

Max$14.7M

Median: $350K

Smallest grantLargest grant

Geographic Distribution of Grants

IL: $1M (2)

IN: $24.1M (10)

IN$24.1M (10)

IL$1M (2)

Past Grantees

Recipient	Location	Amount	Year
Crossroads YmcaEXPANSION PROJECT	Crown Point, IN	$14.7M	2021
Purdue For Life FoundationKRANNET SCHOOL SUPPORT	West Lafayette, IN	$5M	2021
Legacy FoundationOPERATING GRANT	Merrillville, IN	$2M	2021
Crown Point Community FoundationOPERATING GRANT	Crown Point, IN	$1.3M	2021
Big Shoulders FundOPERATING FUNDS	Chicago, IL	$800K	2021
Purdue For Life FoundationHTM PROGRAM SUPPORT	West Lafayette, IN	$500K	2021
Big Shoulders FundOPERATING FUNDS	Chicago, IL	$200K	2021
Crown Point Sports Youth CommissionCAPITAL CAMPAIGN CONTRIBUTION	Crown Point, IN	$200K	2021
Crown Point Community FoundationOPERATING FUNDS	Crown Point, IN	$200K	2021
Covid-19 Disaster Relief Pmts To InSECTION 139 QUALIFIED DISASTER PAYMENTS FOR EXPENSES ARISING DUE TO THE COVID-19 PANDEMIC. (SEE ATTACHED SCHEDULE OF RECIPIENTS).	Merrillville, IN	$173K	2021
Lakeshore Public MediaMATCHING GRANT	Merrillville, IN	$20K	2021
Health Corps Haiti IncOPERATING GRANT	Merrillville, IN	$20K	2021

990-PF Filings

Tax Period	Return Type	View
2023-12	990PF	View Filing
2022-12	990PF	View Filing
2021-12	990PF	View Filing
2020-12	990PF	View Filing
2018-12	990PF	View Filing
2017-12	990PF	View Filing
2016-12	990PF	View Filing