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Nonprofiteer
← DELTA GAMMA FOUNDATION

Form 990 for tax year 2024

Filed by DELTA GAMMA FOUNDATION.

Totals

Total revenue
$10,406,233
Total expenses
$7,089,171
Contributions and grants received
$7,596,414
Grants paid
$4,329,433
Program service revenue
$0
Investment income
$2,964,063
Other revenue
-$154,244
Total assets, end of year
$57,999,745
Total liabilities, end of year
$2,399,508
Net assets or fund balances, end of year
$55,600,237
Program services expenses (Part IX)
$4,620,774
Management and general expenses
$1,106,942
Fundraising expenses
$1,361,455
Program service expenses (Part III)
$4,620,774

Program services were 65.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $2,114,139

  • 1f · All other contributions, gifts and grants

    $5,482,275

  • 1g · Noncash contributions included above

    $518,766

  • 3 · Investment income

    total $1,375,325 · excluded $1,375,325

  • 7a · Gross sales of assets other than inventory

    securities $1,593,918

  • 7b · Less cost or other basis and sales expenses

    securities $5,180

  • 7c · Gain or loss

    securities $1,588,738

  • 7d · Net gain or loss

    total $1,588,738 · excluded $1,588,738

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $2,114,139

  • 8b · Fundraising events: direct expenses

    $166,636

  • 8c · Net income from fundraising events

    total -$166,636 · excluded -$166,636

  • 11a · Other revenue: OTHER INCOME

    total $12,392 · related or exempt $12,392

  • 11e · Other revenue, total

    $12,392

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,010,416 · program services $3,010,416

  • 2 · Grants to domestic individuals

    total $1,290,040 · program services $1,290,040

  • 3 · Grants to foreign organizations and individuals

    total $28,977 · program services $28,977

  • 5 · Compensation of officers, directors and key employees

    total $183,304 · program services $22,264 · management and general $65,654 · fundraising $95,386

  • 7 · Other salaries and wages

    total $1,310,779 · program services $167,783 · management and general $460,985 · fundraising $682,011

  • 8 · Pension plan contributions

    total $53,970 · program services $4,081 · management and general $21,779 · fundraising $28,110

  • 10 · Payroll taxes

    total $93,983 · program services $12,030 · management and general $33,053 · fundraising $48,900

  • 11b · Fees: legal

    total $10,001 · management and general $1,686 · fundraising $8,315

  • 11c · Fees: accounting

    total $34,263 · management and general $34,263

  • 11f · Fees: investment management

    total $115,621 · management and general $115,621

  • 11g · Fees: other

    total $2,412 · fundraising $2,412

  • 12 · Advertising and promotion

    total $6,283 · management and general $2,114 · fundraising $4,169

  • 13 · Office expenses

    total $184,845 · program services $38,606 · management and general $24,737 · fundraising $121,502

  • 14 · Information technology

    total $256,252 · program services $7,501 · management and general $68,071 · fundraising $180,680

  • 16 · Occupancy

    total $49,306 · management and general $49,306

  • 17 · Travel

    total $126,844 · program services $13,600 · management and general $70,887 · fundraising $42,357

  • 19 · Conferences, conventions and meetings

    total $84,558 · program services $17,055 · management and general $50,836 · fundraising $16,667

  • 22 · Depreciation, depletion and amortization

    total $29,337 · management and general $29,337

  • 23 · Insurance

    total $31,717 · management and general $31,717

  • 24a · Other expenses: ADMINISTRATIVE FEE

    total $111,913 · fundraising $111,913

  • 24b · Other expenses: MISCELLANEOUS

    total $67,184 · program services $1,255 · management and general $46,896 · fundraising $19,033

  • 24c · Other expenses: BAD DEBT

    total $7,166 · program services $7,166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,408,241 · end of year $979,791

  • 2 · Savings and temporary cash investments

    beginning of year $620,333 · end of year $116,320

  • 4 · Accounts receivable

    beginning of year $80,548 · end of year $16,598

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,344 · end of year $72,546

  • 10a · Land, buildings and equipment: cost or other basis

    $1,854,619

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,519,207

  • 10c · Land, buildings and equipment, net

    beginning of year $362,056 · end of year $335,412

  • 11 · Investments: publicly traded securities

    beginning of year $46,339,670 · end of year $49,782,303

  • 13 · Investments: program-related

    beginning of year $12,526 · end of year $720

  • 15 · Other assets

    beginning of year $2,545,509 · end of year $6,696,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $294,980 · end of year $1,245,914

  • 18 · Grants payable

    beginning of year $997,341 · end of year $998,281

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,389

  • 25 · Other liabilities

    beginning of year $154,292 · end of year $153,924

  • 27 · Net assets without donor restrictions

    beginning of year $16,164,526 · end of year $19,552,964

  • 28 · Net assets with donor restrictions

    beginning of year $33,817,088 · end of year $36,047,273

Mission and programs · 2024

Mission

THE DELTA GAMMA FOUNDATION FOSTERS LIFETIME ENRICHMENT FOR MEMBERS, PROMOTES SERVICE FOR SIGHT, AND PARTNERS WITH THE FRATERNITY TO ENSURE THE FUTURE OF OUR SISTERHOOD.

Activities or mission (Part I)

TO PROVIDE A MEANS BY WHICH THE MEMBERS OF DELTA GAMMA FRATERNITY MAY ACT IN CONCERT WITH EACH OTHER IN THE FURTHERANCE OF EXCLUSIVELY CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL OBJECTIVES, SPECIFICALLY INCLUDING, BUT NOT LIMITED TO SIGHT PRESERVATION AND SERVICES FOR THOSE WHO ARE VISUALLY IMPAIRED OR BLIND; THE AWARDING OF SCHOLARSHIPS, FELLOWSHIPS, GRANTS AND LOANS FOR UNIVERSITY STUDY TO DESERVING STUDENTS; AND SUCH OTHER EXCLUSIVELY CHARITABLE AND EDUCATIONAL PROGRAMS AS MAY BE DESIGNATED BY THE BOARD OF TRUSTEES; PROVIDED HOWEVER, THAT NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH CONSIST OF THE CARRYING ON OF PROPAGANDA OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION OR PARTICIPATING IN OR INTERVENING IN (INCLUDING THE PUBLISHING OR DISTRIBUTION OF STATEMENTS) ANY POLITICAL CAMPAIGN ON BEHALF OF (OR IN OPPOSITION TO) ANY CANDIDATES FOR PUBLIC OFFICE, AND NO PART OF THE NET EARNINGS OF WHICH INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND OTHERWISE.

  • DELTA GAMMA FOUNDATION SUPPORTS ITS MEMBERS THROUGH EDUCATIONAL SCHOLARSHIPS AND FELLOWSHIPS.

    Expenses $1,352,715 · Grants $1,303,657

  • OTHER PROGRAMS ARE DEVELOPED TO PROMOTE AND ENCOURAGE HIGHER EDUCATION, SELF DEVELOPMENT, AND AID TO THE BLIND. THESE PROGRAMS BENEFIT ALL DELTA GAMMA UNDERGRADUATES AND SIGHT IMPAIRED PERSONS. THE FOUNDATION PROVIDED GRANTS TO OTHER EXEMPT ORGANIZATIONS WHO SUPPORT AND ENDORSE PROGRAMS FOR AID TO PERSONS WHO ARE BLIND AND HELP WITH SIGHT PRESERVATION.

    Expenses $1,501,230 · Grants $1,472,803

  • DELTA GAMMA FOUNDATION SUPPORTS ITS MEMBERS THROUGH EDUCATIONAL GRANTS TO THE DELTA GAMMA FRATERNITY.

    Expenses $1,314,521 · Grants $1,100,665

  • NEEDS BASED SCHOLARSHIP PROGRAM TO HELP LOWER THE MEMBERS' RELIANCE ON STUDENT LOAN DEBT. AWARDS ARE MADE TO UNDERGRADUATE MEMBERS UPON THEIR PROVEN FINANCIAL NEED AS DEMONSTRATED ON THEIR INSTITUTIONAL FINANCIAL AID AWARD LETTER.

    Expenses $452,308 · Grants $452,308

  • THE FOUNDATION PROVIDES FOR EDUCATIONAL AREA HOUSING GRANTS. THESE GRANTS ARE BASED ON QUALIFYING EDUCATIONAL SPACES WITHIN DELTA GAMMA FRATERNITY CHAPTER HOUSING FACILITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leslie Loop Martin

    EXECUTIVE DIRECTOR

    Total calculated
    $165,852
    From this org
    $148,566
    From related orgs
    $0
    Other
    $17,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,566
    Bonus
    $0
    Other
    $0
    Deferred
    $5,423
    Nontaxable benefits
    $11,863
    Filer's total
    $165,852

  • Ernest Holladay

    DIRECTOR OF FINANCE

    Total calculated
    $125,147
    From this org
    $119,456
    From related orgs
    $0
    Other
    $5,691
    Hours/week
    40

  • Dr Amy R Ayres

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kim Schmoker Hunnewell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Susan Meyer Kornegay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Heather Shirk Patrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Shenea Stephenson Strader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Surgalski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Stuart Ragusa

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Lee C Deadwyler

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dr Cyndy Cycyota

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
22 February 2026
IRS schema version
2024v5.5
Source object
202640559349300024

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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