Philadelphia Foundation
Philadelphia Foundation
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About this organization
Mission
Founded in 1918, Philadelphia Foundation strengthens the economic, social and civic vitality of Greater Philadelphia. The Philadelphia Foundation grows effective philanthropic investment, connects individuals and institutions across sectors and geography, and advances civic initiatives through partnerships and collaboration. A publicly supported foundation, the Philadelphia Foundation manages more than 900 charitable funds established by its donors and makes over 1,000 grants and scholarship awards each year.
About
SEE SCHEDULE O.1. CIVIC LEADERSHIP: WE LEAD AND PARTICIPATE IN CIVIC AND PHILANTHROPIC PARTNERSHIPS WITH REGIONAL AND NATIONAL FUNDERS AS WELL AS ORGANIZATIONS LOCALLY AND THROUGHOUT THE STATE. THESE RELATIONSHIPS BRING PEOPLE TOGETHER TO DISCUSS THE COMMON GOOD, AMPLIFY THE VOICES OF THOSE IN NEED, HIGHLIGHT EFFECTIVE SOLUTIONS AND GALVANIZE COLLABORATIVE ACTION WITH THE BUSINESS, EDUCATION AND GOVERNMENT SECTORS TO STRENGTHEN THE COMMUNITY.2. GRANTMAKING AND PROGRAMS: WE DEPLOY PHILANTHROPIC DOLLARS TO THE COMMUNITY IN THE FORM OF GRANTS, SCHOLARSHIPS AND PROGRAMS, ADHERING TO THE DIRECTION AND/OR DISCRETION ENTRUSTED TO US BY OUR DONORS. DISCRETIONARY GRANTS ADDRESS BROAD COMMUNITY CONCERNS AND OPPORTUNITIES, WITH AN EMPHASIS ON VULNERABLE POPULATIONS AND THE INFRASTRUCTURE AND LEADERSHIP OF ORGANIZATIONS THAT SERVE THEM. MOST DISCRETIONARY GRANTS ARE IN THE FORM OF UNRESTRICTED GENERAL OPERATING SUPPORT.3. ENGAGED PHILANTHROPY: WE SERVE AS THE VEHICLE FOR PHILANTHROPIC GIVING IN THE COMMUNITY, OFFERING SEVERAL TYPES OF LIFETIME AND LEGACY GIVING FOR INDIVIDUALS, NONPROFITS, CORPORATIONS, FOUNDATIONS AND PROFESSIONAL ADVISORS. WE PARTNER WITH COMMUNITY MEMBERS ON THEIR CUSTOMIZED STRATEGIC GIVING PLANS. PROGRAMS TO INSPIRE COMMUNITY SUPPORT INCLUDE AN ART GALLERY, SITE VISITS AND PRESENTATIONS HIGHLIGHTING EFFECTIVE NONPROFITS.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Strengthens the economic, social & civic vitality of greater philadelphia. grows effective philanthropic investment, connects individuals & institutions across sectors & geography, advances civic initiatives & makes grants to meet community needs.”.
When detailing its duties, they were outlined as: “Community foundation strengthens the economic, social & civic vitality of greater philadelphia.”.
- According to the law, the state where the non-profit operates has been reported as PA.
- The filing specifies that the non-profit's address in 2020 was 1835 MARKET STREET NO 2410, PHILADELPHIA, PA, 19103.
- The non-profit's form for the year 2020 reports a total of 34 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $44,573,317.
- The organization has 15 independent voting members.
- The organization was formed in 1918.
- The organization pays $2,572,903 in salary, compensation, and benefits to its employees.
- The organization pays $849,032 in fundraising expenses.
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