Delaware Atlantis Foundation
Delaware Atlantis Foundation is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $213.3M in total assets. In 2025, it awarded 12 grants totaling $9.9M. Net investment income was $12.5M.
Key facts about Delaware Atlantis Foundation
In short: Delaware Atlantis Foundation gave $9.9M across 12 grants in 2025 (avg $824K), mostly in Delaware. 42% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 27-6372427
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $9,891,700
- Grants made (2025)
- 12
- Average grant
- $824,308
- Median grant
- $125,000
- New grantees (estimate)
- 42% first-time grantees (5 of 12, 2025)
- Total assets
- $213,280,216
- Primary geography
- Delaware (97% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$213.3M
+1.1% YoY
Annual Giving
$9.9M
+77.7% YoY
Grant Count
12
+71.4% YoY
Avg Grant Size
$824K
+3.7% YoY
Under IRS private-foundation payout rules, Delaware Atlantis Foundation reported a distributable amount of $12.1M for 2025 — the minimum it must pay out in qualifying distributions.
Is Delaware Atlantis Foundation open to new grantees?
42%
first-time grantees, 2025
In 2025, 5 of 12 grantees (42%) were first-time recipients. First grants averaged $1.1M; repeat grants $592K. How we count
Medians: $100K first-time, $150K repeat.
- 50% of 2025 grantees were also funded in 2024. Method
- Giving grew 819% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $779K (2020) to $9.9M (2025). In 2025 it made 12 grants totaling $9.9M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Beebe Healthcare Medical Foundation ($5.3M). Together the top 10 received $9.8M.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 35 (23%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Beebe Healthcare Medical Foundation Lewes, DE | Cancer Ctr, Res Physicians, | $5,350,000 |
| University of Delaware Newark, DE | Creamery, Botanic GDN, | $2,351,000 |
| Nemours Children's Health Wilmington, DE | Milford Clinic Expansion | $800,000 |
| Delaware Community Foundation Wilmington, DE | Atlantis Fund | $640,700 |
| Blood Center United Washington, DC | Patient Support Fund | $200,000 |
| Children's Beach House Lewes, DE | Child Development Ctr | $150,000 |
| La Red Health Center Inc Georgetown, DE | Unrestricted General | $100,000 |
| Delaware Technical Educational Fdn Dover, DE | Nursing Scholarships | $100,000 |
| United Service Organizations Arlington, VA | Dover, Delaware Programs | $50,000 |
| Delaware Botanic Gardens Ocean View, DE | Unrestricted General | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $213,280,216 | $210,865,169 | $152,799,137 |
| Revenue | $14,495,843 | $64,294,470 | $146,683,834 |
| Expenses | $12,264,614 | $7,483,505 | $2,323,676 |
| Qualifying Distributions | $10,839,555 | $6,463,259 | $1,464,707 |
| Net Investment Income | $12,547,628 | $23,972,125 | $18,394,074 |
| Distributable Amount | $12,068,038 | $10,799,673 | $5,987,735 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 9, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Delaware Atlantis Foundation is led by Charles P. Townsend III, Trustee since 2023 (on filings since 2020) — the only officer listed, and compensated.
Officers on the 2025 filing
Charles P. Townsend III
Trustee
Co-Trustee → Trustee, 2023
On filings since 2020
15 hrs/week
$100K (2020) → $250K (2025)
Former officers (1)
- Former: Sherman L. Townsend (2020–2022) — Co-Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $250K, to Charles P Townsend III (Trustee).
Frequently asked questions about Delaware Atlantis Foundation
How much does Delaware Atlantis Foundation give each year?
Delaware Atlantis Foundation gave $9.9M across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5.6M across 7 grants.
What is Delaware Atlantis Foundation's typical grant size?
Delaware Atlantis Foundation's median grant in 2025 was $125,000, and its average grant was $824,308, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Delaware Atlantis Foundation that year got $1.1M on average.
Where does Delaware Atlantis Foundation give grants?
Delaware Atlantis Foundation gives mostly in Delaware: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lewes, DE (2 grants), Wilmington, DE (2 grants) and Ocean View, DE (2 grants).
Does Delaware Atlantis Foundation give general operating support?
Yes: 33% of Delaware Atlantis Foundation's 2025 grants with a stated purpose (4 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Delaware Atlantis Foundation's largest grantees?
Delaware Atlantis Foundation's largest 2025 grantees include Beebe Healthcare Medical Foundation ($5,350,000), University of Delaware ($2,351,000) and Nemours Children's Health ($800,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Delaware Atlantis Foundation?
Delaware Atlantis Foundation reported $213.3M in total assets on its 2025 IRS Form 990-PF. It paid out $10.8M in qualifying distributions that year, against a required minimum of $12.1M (roughly 5% of its investment assets).
What is Delaware Atlantis Foundation's EIN?
Delaware Atlantis Foundation's EIN (Employer Identification Number) is 27-6372427. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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