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WILMINGTON, DE

Essex Avenue Foundation

Quick Facts

EIN
851891431
Location
WILMINGTON, DE
Category
Philanthropy & Grantmaking
Total Assets
$616.1M
Annual Income
$108.3M
IRS Ruling Year
2021
Organization Type
Corporation
Principal Officer
% Foundation Source
Tax Deductibility
Contributions are deductible

About This Foundation

Essex Avenue Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2021. The principal officer is % Foundation Source. It holds total assets of $616.1M. Annual income is reported at $108.3M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$23.6M

2023+34%

Total Assets

$552.1M

2023+20%

Fair Market Value

$697.7M

2023

Net Worth

$552.1M

2023

Grants Paid

$23.4M

2023

Contributions

$113M

2023

Net Investment Income

$1.9M

2023

Distribution Amount

$29.7M

2023

Total Giving by Year

$5.3M
21
$17.7M
22
$23.6M
23

Asset Growth

$255M
20
$378.5M
21
$460.9M
22
$552.1M
23

Investment Portfolio (2023)

Total: $15.4M

Government Obligations: $15.4M
Other Investments: $458.8M
Government Obligations (3%)
Other Investments (97%)

Expense Breakdown (2023)

Grants Paid$23.4M
Legal Fees$9K
Printing & Publications$44

Revenue Sources (2023)

Contributions
$113M
Interest
$1.5M
Dividends
$431K

Financial Details (2023)

Total Revenue
$114.9M
Total Expenses
$23.6M
Exempt Purpose Expenses
$23.6M
Required Distribution
$29.7M
Undistributed Income
$21.1M
Total Liabilities
$1
Excise Tax
$26K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

50

Total Giving

$22.7M

Average Grant

$454K

Median Grant

$300K

Grant Range

Min$75K
Max$2.9M
Median: $300K
Smallest grantLargest grant

Geographic Distribution of Grants

AK
ME
ME: $205K (1)
VT
VT: $285K (1)
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $17.3M (34)
MA
CT
CT: $250K (1)
RI
OR
OR: $600K (2)
NV
WY
SD
IA
IL
IN
OH
PA
NJ
NJ: $75K (1)
CA
CA: $1.9M (5)
UT
CO
NE
MO
KY
WV
VA
MD
MD: $525K (1)
DE
DC
DC: $600K (2)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
FL: $1M (2)
HI
TX
NY$17.3M (34)
CA$1.9M (5)
FL$1M (2)
OR$600K (2)
DC$600K (2)
MD$525K (1)

Past Grantees

RecipientLocationAmountYear
Escuela Comunitaria Del Bronx Bronx Community SchoGeneral & UnrestrictedNew York, NY$2.9M2023
Breaking Ground Housing Development Fund Corporati2030 FundNew York, NY$2M2023
Council On The Environment IncComposting ProgramNew York, NY$1.3M2023
The New York FoundlingHome of Integrated Behavioral Health program and Road to Success ProgramNew York, NY$1M2023
City And Country School IncGeneral & UnrestrictedNew York, NY$1M2023
Oyate GroupGeneral & UnrestrictedNew York, NY$1M2023
Coalition For The Homeless IncEviction Prevention Fund and General supportNew York, NY$700K2023
Trees For The Future IncSenegal programSilver Spring, MD$525K2023
Billion Oyster ProjectDesign & Permitting of Oyster Reefs fundNew York, NY$500K2023
Health In Harmony IncGeneral & UnrestrictedPortland, OR$500K2023
Wild Landscapes IncGreen Heart of the Everglades projectTallahassee, FL$500K2023
Ali Forney CenterGeneral & UnrestrictedNew York, NY$500K2023
Christian Herald Assn IncGeneral & UnrestrictedNew York, NY$500K2023
We Care SolarGeneral & UnrestrictedBerkeley, CA$500K2023
Bronxworks IncGeneral & UnrestrictedBronx, NY$500K2023
Jubilee Justice IncBlack Farmers Rice ProjectOakland, CA$500K2023
Refed IncGeneral & UnrestrictedLong Is City, NY$500K2023
Solar United NeighborsGeneral & UnrestrictedWashington, DC$500K2023
Coral Restoration Foundation IncGeneral & UnrestrictedTavernier, FL$500K2023
Womens Housing And Economic Development Corporatioemergency grants fund and general supportBronx, NY$494K2023
Women In Need IncLegal Empowerment for Asylum-Seeking and displaced families program (L.E.A.D.) and Food pantry stock fundNew York, NY$450K2023
Women In Need Incgeneral operating support and emerging needs fundNew York, NY$450K2023
Grid AlternativesGeneral & UnrestrictedOakland, CA$400K2023
Rethink Food Nyc IncGeneral & UnrestrictedNew York, NY$350K2023
City Parks Foundation IncNYC Green Relief and Recovery FundNew York, NY$300K2023
National Network Of Abortion FundsGeneral & UnrestrictedNew York City, NY$300K2023
The Boma Project IncRural Entrepreneur Access Project in Turkana, Isiolo, Marsabit and SamburuManchester Center, VT$285K2023
Project DrawdownCapital Accelerator ProgramSan Francisco, CA$250K2023
Greenwave Organization CorpGeneral & UnrestrictedNew Haven, CT$250K2023
Green City ForceGeneral & UnrestrictedBrooklyn, NY$250K2023
Big Initiatives IncorporatedStreet Tree Care fund and General supportBrooklyn, NY$250K2023
Activate Global IncActivate Fellowship ProgramBerkeley, CA$250K2023
New York Restoration ProjectGarden Stewardship and Activation fund and Gardens for the city fundNew York, NY$230K2023
Fund For Public Housing IncSustainability Grant Management fundNew York, NY$210K2023
Cec Stuyvesant Cove IncGeneral & UnrestrictedLong Island City, NY$210K2023
University Of Maine FoundationKelp nursery time trials and selective breeding study fundOrono, ME$205K2023
Waterfront Alliance IncGeneral & UnrestrictedNew York, NY$200K2023
Council On The Environment IncFood Hub fund and general supportNew York, NY$200K2023
Aid For Life International IncGeneral & UnrestrictedNew York, NY$150K2023
The New York Public Library Astor Lenox And TildenEarly Literacy programs in the Bronx fundNew York, NY$150K2023
Survivor FundScholarship and Training FundsNew York, NY$145K2023
Mott Haven Spanish Seventh Daypurchase food from Stars Deli for the hot food programYonkers, NY$125K2023
International Refugee Assistance Project IncGeneral & UnrestrictedNew York, NY$100K2023
West Side Center For Community Life IncGeneral & UnrestrictedNew York, NY$100K2023
National Network Of Abortion FundsGeneral & UnrestrictedBeaverton, OR$100K2023
Abortion Care NetworkKeep Our Clinics fundWashington, DC$100K2023
Cooperative Extension Association In The State OfAg Energy NY and Expansion fundIthaca, NY$95K2023
Staten Island Community Job Center IncHospitality Training for Asylum Seekers fundStaten Island, NY$90K2023
Doula Program To Accompany And Comfort IncGeneral & UnrestrictedNew York, NY$80K2023
Ocean Professional Theatre Company IncGeneral & UnrestrictedBeach Haven, NJ$75K2023

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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