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Nonprofiteer
← DELOITTE FOUNDATION

Form 990 for tax year 2022

Filed by DELOITTE FOUNDATION.

Totals

Total revenue
$26,375,652
Total expenses
$26,060,940
Contributions and grants received
$24,411,596
Grants paid
$25,833,027
Program service revenue
$0
Investment income
$1,964,056
Other revenue
$0
Total assets, end of year
$59,129,352
Total liabilities, end of year
$53,959,750
Net assets or fund balances, end of year
$5,169,602
Program services expenses (Part IX)
$25,913,001
Management and general expenses
$147,939
Fundraising expenses
$0
Program service expenses (Part III)
$25,913,001

Program services were 99.4% 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.

  • 1f · All other contributions, gifts and grants

    $24,411,596

  • 3 · Investment income

    total $1,964,056 · excluded $1,964,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,519,277 · program services $25,519,277

  • 2 · Grants to domestic individuals

    total $313,750 · program services $313,750

  • 11b · Fees: legal

    total $5,407 · management and general $5,407

  • 11c · Fees: accounting

    total $27,075 · management and general $27,075

  • 11f · Fees: investment management

    total $36,467 · management and general $36,467

  • 11g · Fees: other

    total $52,197 · management and general $52,197

  • 14 · Information technology

    total $16,183 · management and general $16,183

  • 24a · Other expenses: MATCHING GIFTS

    total $47,953 · program services $47,953

  • 24b · Other expenses: AAA ANNUAL MEETING EXP.

    total $20,582 · program services $20,582

  • 24c · Other expenses: DOCTORAL FELLOWSHIP

    total $11,439 · program services $11,439

  • 24d · Other expenses: FILING FEES

    total $5,931 · management and general $5,931

  • 24e · All other expenses

    total $4,679 · management and general $4,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,229,121 · end of year $4,447,977

  • 2 · Savings and temporary cash investments

    beginning of year $12,203,772 · end of year $6,211,920

  • 3 · Pledges and grants receivable

    beginning of year $6,876,147 · end of year $8,910,400

  • 12 · Investments: other securities

    beginning of year $39,464,192 · end of year $39,559,055

  • 18 · Grants payable

    beginning of year $55,650,385 · end of year $53,959,750

  • 27 · Net assets without donor restrictions

    beginning of year $3,195,687 · end of year $2,440,948

  • 28 · Net assets with donor restrictions

    beginning of year $2,927,160 · end of year $2,728,654

Mission and programs · 2022

Mission

THE FOUNDATION SUPPORTS VARIOUS US EDUCATION INITIATIVES THAT HELP THE DIVERSE TALENT OF THE FUTURE, THEIR INFLUENCERS AND PROMOTE EXCELLENCE IN TEACHING, RESEARCH & CURRICULUM INNOVATION. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT TO MANY COLLEGES & UNIVERSITIES.

Activities or mission (Part I)

SUPPORT EDUCATION PROGRAMS WHICH ARE HELPING TO DEVELOP TALENT OF THE FUTURE.

  • MATCHING GIFTS PROGRAM - THE ORGANIZATION SUPPORTS HIGHER EDUCATION THROUGH CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.

    Expenses $7,650,177 · Grants $7,602,224

  • DOCTORAL FELLOWSHIP PROGRAM - THE ORGANIZATION PROVIDES FINANCIAL SUPPORT (FELLOWSHIPS) TO TOP U.S. ACCOUNTING DOCTORAL STUDENTS TO HELP STRENGTHEN THE PIPELINE OF PHD-QUALIFIED ACCOUNTING FACULTY.

    Expenses $276,439 · Grants $265,000

  • EDUCATIONAL SUPPORT - THE ORGANIZATION CONTINUES TO EVOLVE ALONGSIDE EDUCATION, HELPING TO SUPPORT EDUCATORS AND DEVELOP DIVERSE FUTURE LEADERS IN THE FIELDS OF AUDIT, TAX, ADVISORY AND CONSULTING. THE ORGANIZATION PROVIDES A VARIETY OF PROGRAMS AND INITIATIVES FOR FACULTY AND STUDENTS TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING.

    Expenses $17,986,385 · Grants $17,965,803

As filed on the 2022 return.

Listed in Part VII

  • JANET FOUTTY

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • ERIN SCANLON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • SAM SILVERS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • TIM DAVIS

    DIRECTOR-AT-LARGE (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    1.5

  • VALERIE DICKERSON

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • KIM GRIFFIN

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • RANDY GULLO

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • SEAN MORRIS

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • ALICIA ROSE

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • DENISE SHEPHERD

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • PAUL WELLENER

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1.5

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 February 2024
IRS schema version
2022v5.0
Source object
202420459349300702

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

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