THE PHILADELPHIA FOUNDATION

EIN: 231581832 501(c)(3) Philanthropy & Grantmaking

PHILADELPHIA, PA

Total Revenue
$57,345,521
Total Expenses
$54,267,925
Total Assets
$630,809,001
Net Assets
$605,093,430
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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
PA
Principal Officer
PEDRO A RAMOS
Phone
2155636417
Tax Period
2023-01-01 to 2023-12-31

THE PHILADELPHIA FOUNDATION, founded in 1918, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $57.3M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $54.3M left a modest 5% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $48,868,861 Revenue: $592,028

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...

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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 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. THE PHILADELPHIA FOUNDATION ADDRESSED URGENT NEEDS ACROSS THE GREATER PHILADELPHIA REGION IN 2023, MAKING OVER $61.6M IN GRANTS FROM ITS FUNDS AND THOSE OF ITS SUPPORTING ORGANIZATIONS. THE ORGANIZATION CONTINUED TO SERVE AS A KEY CIVIC LEADER IN DEVELOPING AND IMPLEMENTING PARTNERSHIP INITIATIVES TO ADVANCE RACIAL EQUITY, ADDRESS GUN VIOLENCE THROUGH THE CIVIC COALITION TO SAVE LIVES, AND INVEST IN THE RESILIENCY OF NONPROFIT ORGANIZATIONS TO SERVICE THE REGION'S MOST MARGINALIZED COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,147,409
Program Service Revenue $592,028
Investment Income $22,472,810
Other Revenue $133,274
TOTAL REVENUE $57,345,521

Expense Breakdown

Grants Paid $44,811,931
Salaries & Benefits $3,744,232
Fundraising Expenses $359,007
Program Expenses $48,868,861
Other Expenses $5,711,762
TOTAL EXPENSES $54,267,925

Year-over-Year Comparison

2023 2022 Change
Revenue $57,345,521 $80,318,312 -0.3%
Expenses $54,267,925 $48,747,954 +0.1%
Net Income $3,077,596 $31,570,358 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
31
Volunteers
28

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$742,511
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEDRO A RAMOS PRESIDENT & CEO, SECRETARY 35.00
Officer
$424,584 $66,225 $490,809
ORLANDO ESPOSITO CHIEF FINANCIAL OFFICER 35.00
Officer
$200,158 $51,544 $251,702
HELEN BOOTH CHIEF OF STAFF 35.00
Highest
$164,942 $39,273 $204,215
KEVIN DOW EXEC. DIRECTOR, REGIONAL FOUNDATION 35.00
Highest
$169,000 $18,387 $187,387
THEODORE QUALLI DIR. OF COMMUNICATIONS AND MARKETING 35.00
Highest
$154,904 $16,665 $171,569
DIANE MELLEY EXECUTIVE DIR. & SENIOR ADVISOR 35.00
Highest
$115,583 $39,546 $155,129
DEBORAH BENTZEL SR. PROG. OFCR., REGIONAL FOUNDATION 35.00
Highest
$118,384 $11,643 $130,027
LON GREENBERG CHAIR JUL 2023, VICE CHAIR 2.20
Officer Director
$0 $0 $0
WILLIAM J BURKE TREASURER 2.20
Officer Director
$0 $0 $0
KATE ALLISON CHAIR TO JUN 2023, BRD MBR 2.20
Officer Director
$0 $0 $0
STEVEN SCOTT BRADLEY BOARD MEMBER 2.20
Director
$0 $0 $0
FERNANDO CHANG-MUY BOARD MEMBER 2.20
Director
$0 $0 $0
HOLLY FLANAGAN BOARD MEMBER 2.20
Director
$0 $0 $0
CHRISTINA MESIRES FOURNARIS BOARD MEMBER 2.20
Director
$0 $0 $0
WILLIAM P HANKOWSKY BOARD MEMBER 2.20
Director
$0 $0 $0
DIXIANNE JAMES BOARD MEMBER 2.20
Director
$0 $0 $0
SHIRIN KARSAN BOARD MEMBER 2.20
Director
$0 $0 $0
EVELYN MCNIFF BOARD MEMBER 2.20
Director
$0 $0 $0
MICHAEL K PEARSON BOARD MEMBER 2.20
Director
$0 $0 $0
R DUANE PERRY BOARD MEMBER 2.20
Director
$0 $0 $0
WENDELL PRITCHETT BOARD MEMBER 2.20
Director
$0 $0 $0
ANDREW ROGOFF BOARD MEMBER 2.20
Director
$0 $0 $0
JANE SCACCETTI BOARD MEMBER 2.20
Director
$0 $0 $0
EVAN URBANIA BOARD MBR AS OF MAY 2023 2.20
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $57,345,521 $54,267,925 $630,809,001 $3,077,596
2022 $80,318,312 $48,747,954 $584,384,980 $31,570,358
2021 $72,684,648 $61,244,181 $669,216,014 $11,440,467
2020 $77,874,752 $88,811,151 $520,035,912 $-10,936,399
2019 $66,660,025 $34,669,527 $497,405,675 $31,990,498
2018 $79,448,283 $34,874,966 $414,429,037 $44,573,317
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