Delaware Atlantis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210.9M in total assets. In 2024, it awarded 7 grants totaling $5.6M. Net investment income was $24.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$210.9M
+38.0% YoY
Annual Giving
$5.6M
+449.4% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$795K
+292.4% YoY
Under IRS private-foundation payout rules, Delaware Atlantis Foundation reported a distributable amount of $10.8M for 2024 — the minimum it must pay out in qualifying distributions.
About Delaware Atlantis Foundation
Based on IRS filings
Delaware Atlantis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $210.9M in total assets. In 2024, it awarded 7 grants totaling $5.6M. Net investment income was $24.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $210,865,169 | $152,799,137 | $23,326,111 |
| Revenue | $64,294,470 | $146,683,834 | $1,196,419 |
| Expenses | $7,483,505 | $2,323,676 | $1,518,014 |
| Qualifying Distributions | $6,463,259 | $1,464,707 | $1,359,514 |
| Net Investment Income | $23,972,125 | $18,394,074 | $1,072,576 |
| Distributable Amount | $10,799,673 | $5,987,735 | $1,294,426 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Delaware ($2,225,000), Beebe Medical Foundation ($2,050,000), Delaware Botanic Gardens ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED SERVICE ORGANIZATIONS ARLINGTON, VA | DOVER, DELAWARE PROGRAMS | $25,000 |
| DELAWARE COMMUNITY FOUNDATION WILMINGTON, DE | ATLANTIS FUND | $465,000 |
| DELAWARE BOTANIC GARDENS OCEAN VIEW, DE | UNRESTRICTED GENERAL | $500,000 |
| DELAWARE TECHNICAL EDUCATIONAL FDN DOVER, DE | SCHOLARSHIPS | $100,000 |
| BEEBE MEDICAL FOUNDATION LEWES, DE | CANCER CTR, RESIDENT | $2,050,000 |
| UNIVERSITY OF DELAWARE NEWARK, DE | CREAMERY, BOTANIC GDN, | $2,225,000 |
| NEMOURS CHILDREN'S HEALTH WILMINGTON, DE | MILFORD CLINIC THERAPY | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES P TOWNSEND III | TRUSTEE | 15 | $250,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Delaware Atlantis Foundation?
Delaware Atlantis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $210.9M in total assets as of 2024.
How large is Delaware Atlantis Foundation?
As of 2024, Delaware Atlantis Foundation holds $210.9M in total assets with $64.3M in annual revenue. It awarded 7 grants totaling $5.6M in 2024.
Where does Delaware Atlantis Foundation operate?
Delaware Atlantis Foundation has awarded grants in Delaware, Virginia.
What size grants does Delaware Atlantis Foundation award?
In 2024, Delaware Atlantis Foundation awarded 7 grants totaling $5.6M — an average of about $795K per grant, based on its IRS Form 990 filings.
How much is Delaware Atlantis Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Delaware Atlantis Foundation reported a distributable amount of $10.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Delaware Atlantis Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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