Patrick Foundation Tr FY2024 filing

Tax-deductible

Wilmington, DE501(c)(3)Foundations & GrantmakersEIN 06-1519341Revenue $207K in FY2024

On file with the IRSFoundation Source 501 Silverside Rd, 19809-0000 · Wilmington, DETax-exempt since Sep 1998Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $15K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
+167% vs prior year
Spent
$125K
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$207K
FY2024▲ +167%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$149K
FY2022$59K
FY2023$77K
FY2024$207K
FY2025$197K
Expenses
$125K
FY2024▲ +129%
Tap a bar for its year
Expenses by fiscal year
FY2020$109K
FY2021$114K
FY2022$94K
FY2023$55K
FY2024$125K
FY2025$149K
Net assets
$1.1M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$960K
FY2021$994K
FY2022$959K
FY2023$982K
FY2024$1.1M
FY2025$1.1M

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 86% · $107K Operating & administrative 14% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Patrick Foundation Tr executive salaries →

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Programs and updates

A private foundation based in Wilmington, DE.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 21 grants · $128K · 2025–2025
United Way of Western Connecticut INCFY2025$10,000
Individual RecipientFY2025$6,000
Rvnahealth INCFY2025$5,000
Digital Democracy ProjectFL · FY2025$5,000
Individual RecipientFY2025$1,000
Ostomy Awareness FoundationCT · FY2025$1,000
Housatonic Habitat for HumanityFY2025$1,000
American National Red CrossFY2025$1,000
The Nemours FoundationFL · FY2025$250
Ronald McDonald House Charities of Greater DelawarFY2025$250
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$6K
Median grantPart XV$1K
Largest grantPart XV$80K
Top cause focusNTEEHospitals (19%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$207K
Investment income$126K
Gifts and grants$80K
Money out
$125K
Grants paid$107K
Running costs$18K
Owns and owes
$1.1M
net assets
Cash and savings$47K
Total assets$1.1M
Liabilities$0
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$80K
Investment income$126K
Total revenue$207K
Assets in detailEnd of year
Cash and savings together$47K
Total assets$1.1M
Liabilities$0
Net assets$1.1M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $197K$149K$49K$1.1M 990 PDF
FY2024 Viewing $207K$125K$82K$1.1M 990 PDF
FY2023 $77K$55K$23K$982K 990 PDF
FY2022 $59K$94K−$35K$959K 990 PDF
FY2021 $149K$114K$35K$994K 990 PDF
FY2020 $47K$109K−$61K$960K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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