LF is a private foundation based in Wilmington, DE that was founded in 1940. As of 2018 they had $58 million in revenue and $715 million in assets.
Longwood Foundation accepts grant requests from non-profit organizations located in and/or benefiting the residents, environment or culture in the state of Delaware or within a 4 mile radius of Longwood Gardens in Southern Chester County, Pennsylvania.
Longwood Foundation (LF) makes grants to other organizations, such as $11,000,000 to Longwood Gardens for "Operating Support."; $1,500,000 to Food Bank of Delaware (FBD) for "Capital Campaign."; $1,250,000 to Sussex Academy Foundation for "Middle School Wing Construction."; $950,000 to Mary Campbell Center for "Major Building Renovations."; and $875,000 to The Ministry of Caring for "Various Building Renovations, Village of ST. John.".
EIN:
51-0066734
City:
State:
Metro:
Website:
Phone:
(302) 683-8200
Facebook:
Founded:
1940
Type:
501(c)(3)
NTEE:
Revenue:
$58,462,935
Assets:
$715,121,774
Fiscal year end:
September
Form 990s for LF
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-09 | Jun 19, 2019 | 990PF | View PDF |
| 2017-09 | Sep 12, 2018 | 990PF | View PDF |
| 2016-09 | Aug 11, 2017 | 990PF | View PDF |
| 2015-09 | Apr 9, 2016 | 990PF | View PDF |
| 2014-09 | Feb 24, 2015 | 990PF | View PDF |
| ...and three more Form 990 PDFs |
Financials for LF
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Investment income and dividends | $11,418,023 | $14,374,780 | -20.6% |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $45,788,465 | $20,576,192 | 122.5% |
| Gross sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $2,956,447 | $1,009,080 | 193.0% |
| Total revenues | $58,462,935 | $35,960,052 | 62.6% |
| Field | 2018 | 2017 | % Change |
|---|
| Compensation of current officers, etc. | $314,285 | $309,843 | 1.4% |
| Non-officer salaries and wages | $451,009 | $441,990 | 2.0% |
| Pension/retirement accruals and contributions | $154,086 | $54,248 | 184.0% |
| Legal fees | $13,865 | $3,515 | 294.5% |
| Accounting fees | $27,157 | $25,175 | 7.9% |
| Other fee-for-service | $3,181,113 | $4,145,756 | -23.3% |
| Interest | $52,233 | $0 | 999% |
| Depreciation, amortization, etc. | $0 | $0 | |
| Occupancy | $66,814 | $64,540 | 3.5% |
| Travel | $18,248 | $21,114 | -13.6% |
| Office expenses | | | |
| Grants to all govts., orgs., and individuals | $104,618,861 | $21,251,486 | 392.3% |
| All other expenses | $673,999 | $791,680 | -14.9% |
| Total expenses | $109,571,670 | $27,109,347 | 304.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $900,739 | $251,968 | 257.5% |
| Savings, short-term investments, etc. | $48,164,481 | $1,588,309 | 2932.4% |
| Accounts receivable | $0 | $0 | |
| Pledges and grants receivable | $229,192 | $365,540 | -37.3% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $379,847 | $506,956 | -25.1% |
| Investments in government obligations | $0 | $0 | |
| Investments in corporate stock | $56,448,164 | $51,187,093 | 10.3% |
| Investments in corporate bonds | $0 | $0 | |
| Investments in land, buildings, and equipment | $0 | $0 | |
| Investments in mortgage loans | $0 | $0 | |
| Other types of investments | $608,999,351 | $633,947,614 | -3.9% |
| Buildings, equipment, etc. post-depreciation | $0 | $0 | |
| Other assets | $0 | $0 | |
| Total assets | $715,121,774 | $687,847,480 | 4.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $158,895 | $365,430 | -56.5% |
| Grants payable | $88,291,519 | $20,436,410 | 332.0% |
| Deferred revenue | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $88,450,414 | $20,801,840 | 325.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $626,454,882 | $666,828,162 | -6.1% |
| Temporarily restricted net assets | $216,478 | $217,478 | -0.5% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for LF
| Vendor | Services | Amount paid | Date |
|---|
| WordPress | Content management system software | | 2020-06-15 |
| ████████ ████████████ | Software | | 2020-06-15 |
| █████ ███ ████████ ██ | Tax accounting | | 2019-02-25 |
| ███████ ██████████ █████ | Investment Consulting | $154,557 | 2018-09-01 |
| ████████ ██████████ ██████████ | Investment Advice | $318,518 | 2018-09-01 |
| █████████ ██████████ ██████████ | Investment Advice | $310,540 | 2018-09-01 |
| ███████ ████████ | Investment Advice | $252,011 | 2018-09-01 |
| ████████ ███ ██████ | Investment Consulting | $474,602 | 2018-09-01 |
| ...and one more vendors |
Personnel at LF
| Name | Title | Compensation | Most recent data |
|---|
| Steve Martinenza | Chief Financial Officer | - | May 28, 2020 |
| Eleuthere Du Pont | President | $314,285 | Sept. 30, 2018 |
| ██████ ██████ | Assistant To Director | $97,125 | Sept. 30, 2018 |
| █████ ███████ | Grants Manager | - | May 28, 2020 |
| ██████ █ ████████ | Assistant To Acct | $55,890 | Sept. 30, 2018 |
Peer private foundations
| | Name | Type | Revenue | Location |
|---|
| 1 | M K Reichert Sternlicht Foundation | 501(c)(3) | $15 million | Wilmington, DE |
| 2 | The Living Legacy Foundation of Maryland | 501(c)(3) | $144 million | Wilmington, DE |
| 3 | Robert and Ardis James Foundation | 501(c)(3) | $76 million | Wilmington, DE |
| 4 | The Hawks Foundation | 501(c)(3) | $24 million | Omaha, NE |
| 5 | Genentech Foundation | 501(c)(3) | $42 million | S San Fran, CA |
| 6 | Donald B and Dorothy L Stabler Foundation | 501(c)(3) | $24 million | Harrisburg, PA |
| 7 | Dennis and Phyllis Washington Foundation | 501(c)(3) | $86 million | Missoula, MT |
| 8 | Lettie Pate Evans Foundation | 501(c)(3) | $16 million | Atlanta, GA |
| 9 | Overlook International Foundation | 501(c)(3) | $22 million | New York, NY |
| 10 | Cisco Systems Foundation | 501(c)(3) | $42 million | San Jose, CA |
| 11 | Hellman Foundation | 501(c)(3) | $39 million | San Francisco, CA |
| 12 | Morgridge Family Foundation | 501(c)(3) | $25 million | Wilmington, DE |
| 13 | Rotary International / Amgen Foundation | 501(c)(3) | $33 million | Newbury Park, CA |
| 14 | Overdeck Family Foundation | 501(c)(3) | $68 million | New York, NY |
| 15 | The Stewart J. Rahr Foundation | 501(c)(3) | $19 million | New York, NY |
| 16 | Chick-fil-A Foundation | 501(c)(3) | $15 million | Atlanta, GA |
| 17 | Callaway Foundation | 501(c)(3) | $19 million | Lagrange, GA |
| 18 | Blue Shield of California Foundation | 501(c)(3) | $40 million | San Francisco, CA |
| 19 | ZOOM Foundation | 501(c)(3) | $238 million | Fairfield, CT |
| 20 | Avis Foundation | 501(c)(3) | $15 million | Upland, IN |
| 21 | Aphorism Foundation | 501(c)(3) | $26 million | San Francisco, CA |
| 22 | J Baker Foundation | 501(c)(3) | $17 million | New York, NY |
| 23 | Secunda Family Foundation | 501(c)(3) | $28 million | New York, NY |
| 24 | Bezos Family Foundation | 501(c)(3) | $122 million | Seattle, WA |
| 25 | Indivior Patient Help Foundation | 501(c)(3) | $15 million | Richmond, VA |