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Delaware Atlantis Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2010. The principal officer is C P Townsend Iii. It holds total assets of $210.9M. Annual income is reported at $259.4M. Total assets have grown from $4.9M in 2010 to $152.8M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Delaware. According to available records, Delaware Atlantis Foundation has made 16 grants totaling $3M, with a median grant of $158K. The foundation has distributed between $913K and $1.1M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 8 grants. Individual grants have ranged from $10K to $626K, with an average award of $188K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Delaware. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$43K
Average Grant
$135K
Largest Grant
$626K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Delaware Atlantis Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in DE.
Delaware Atlantis Foundation has distributed a total of $3M across 16 grants. The median grant size is $158K, with an average of $188K. Individual grants have ranged from $10K to $626K.
Delaware Atlantis Foundation typically selects its grantees rather than accepting unsolicited proposals.
Delaware Atlantis Foundation is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles P Townsend Iii | TRUSTEE | $100K | $0 | $100K |
Total Giving
$2.3M
Total Assets
$152.8M
Fair Market Value
N/A
Net Worth
$152.8M
Grants Paid
N/A
Contributions
$127.8M
Net Investment Income
$18.4M
Distribution Amount
$6M
Total Grants
16
Total Giving
$3M
Average Grant
$188K
Median Grant
$158K
Unique Recipients
8
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of DelawareVEHICLES, UPGRADES, LAB | Newark, DE | $333K | 2023 |
| Delaware Community FoundationATLANTIS FUND | Wilmington, DE | $305K | 2023 |
| Beebe Medical FoundationSUSSEX SUPPORTS BEEBE | Lewes, DE | $275K | 2023 |
| Delaware Botanic GardensUNRESTRICTED GENERAL | Ocean View, DE | $50K | 2023 |
| The Nemours Children'S HospitalNCCW - MILFORD CLINICAL | Wilmington, DE | $50K | 2023 |
| Delaware Academy Of MedicineUNRESTRICTED GENERAL | Newark, DE | $158K | 2022 |
| Children'S Beach HouseUNRESTRICTED GENERAL | Wilmington, DE | $35K | 2022 |
| Sussex County Habitat For HumanityUNRESTRICTED GENERAL | Georgetown, DE | $10K | 2022 |