Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
6 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes public scholarship and education through accessible programs and resources.
Questions for The Design Foundation INC
Your first name shows with your question. The Design Foundation INC answers here, for everyone.
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The Design Foundation provides tuition assistance for one graduate and one undergraduate collegiate student studying industrial design each year. For 2024, each scholarship was $5,000.
Event Access
As part of our diversity, equity, and inclusion initiatives, we launched our DEI Event Access program offers individuals who are underrepresented in industrial design-primarily BIPOC (Black, Indigenous, People of Color), female-identified and non-binary students-complimentary access to national Industrial Designers Society of America…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $130K | $131K |
| InvestmentsLn 11–13 | $490K | $549K |
| Total assetsLn 16 | $620K | $682K |
| LiabilitiesLn 26 | $158K | $188K |
| Net assetsLn 32 | $462K | $494K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $10K | $10K | ||
| Other salaries and wagesLn 7 | $8K | $8K | ||
| Other employee benefitsLn 9 | $652 | $652 | ||
| Payroll taxesLn 10 | $704 | $704 | ||
| Legal feesLn 11b | $125 | $125 | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Investment management feesLn 11f | $4K | $4K | ||
| Other fees for servicesLn 11g | $743 | $743 | ||
| Advertising and promotionLn 12 | $21 | $21 | ||
| Office expensesLn 13 | $616 | $616 | ||
| Information technologyLn 14 | $3K | $3K | ||
| OccupancyLn 16 | $129 | $129 | ||
| Depreciation, depletion and amortizationLn 22 | $284 | $284 | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | ||
| Total functional expensesLn 25 | $35K | $28K | $7K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $29K | $35K | −$6K | $494K | 990 PDF |
| FY2023 | $16K | $48K | −$32K | $462K | 990 PDF |
| FY2022 | $16K | $37K | −$21K | $439K | 990 PDF |
| FY2021 | $113K | $40K | $73K | $473K | 990 PDF |
| FY2020 | $10K | $400K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $28,584 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $28,584 across 5 lines filed
Part IX · Statement of functional expenses $35,033 across 15 lines filed
Part X · Balance sheet $681,590 assets, 11 lines filed
Part XI · Reconciliation of net assets $494,058 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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