Delaware Dreams Inc

Foundation · Grantmaker Hockessin, DE EIN: 51-0301470

Delaware Dreams Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hockessin, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $637K in total assets. In 2024, it awarded 7 grants totaling $18K. Net investment income was $54K.

Key facts about Delaware Dreams Inc

EIN: 51-0301470
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $17,836
Grants made (2024): 7
Average grant: $2,548
Median grant: $1,000
Total assets: $636,665
Primary geography: Delaware (94% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Delaware Dreams Inc funds

By grant dollars, the top recipient states for Delaware Dreams Inc's 7 itemized 2024 grants were Delaware (94%) and Georgia (6%). The most frequent recipient cities were Wilmington, DE (3 grants) and Newark, DE (3 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (5 grants).

How Delaware Dreams Inc gives

Giving grew 181% from 2021 to 2024. Method
In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Delaware Dreams Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$637K

+2.9% YoY

Annual Giving

$18K

-0.1% YoY

Grant Count

-12.5% YoY

Avg Grant Size

$3K

+14.1% YoY

Under IRS private-foundation payout rules, Delaware Dreams Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.

About Delaware Dreams Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Delaware $17K (94%)

Georgia $1K (6%)

Share of all 7 itemized 2024 grant dollars.

States

Delaware Georgia North Carolina Virginia

Cities

NewarkWilmingtonAtlantaGreensboroHamptonNew Castle

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$636,665	$618,455	$615,599
Revenue	$54,947	$39,604	$19,603
Expenses	$36,737	$36,748	$30,095
Qualifying Distributions	$36,387	$36,397	$27,616
Net Investment Income	$53,925	$18,951	$17,505
Distributable Amount	$35,048	$31,750	$32,543

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Nemours Fund for Children's Health ($8,608), University of Delaware ($3,000), Exceptional Care for Children ($2,724).

Recipient	Purpose	Amount
NEMOURS FUND FOR CHILDREN'S HEALTH Wilmington, DE	DONATION	$8,608
UNIVERSITY OF DELAWARE Newark, DE	SCHOLARSHIP	$3,000
EXCEPTIONAL CARE FOR CHILDREN Newark, DE	DONATION	$2,724
DOWN SYNDROME ASSOCIATION OF DELAWARE Newark, DE	DONATION	$1,000
MOREHOUSE COLLEGE Atlanta, GA	SCHOLARSHIP	$1,000
ST PAULS CATHOLIC CHURCH Wilmington, DE	DONATION	$1,000
SERVIAM GIRLS ACADEMY Wilmington, DE	DONATION	$504

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Denise Baroski	President & Secretary	20	$10,200
Matthew P D'Emilio	Vice President	20	—
Terry Mason	Treasurer	5	—
Elizabeth Baroski	Director	5	—
Joseph Facciolo	Director	5	—
Michael Baroski	Director	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Delaware Dreams Inc?

Delaware Dreams Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hockessin, DE. It holds $637K in total assets as of 2024.

How large is Delaware Dreams Inc?

As of 2024, Delaware Dreams Inc holds $637K in total assets with $55K in annual revenue. It awarded 7 grants totaling $18K in 2024.

Where does Delaware Dreams Inc operate?

Delaware Dreams Inc has awarded grants in Delaware, Georgia, North Carolina, Virginia.

What size grants does Delaware Dreams Inc award?

In 2024, Delaware Dreams Inc awarded 7 grants totaling $18K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Delaware Dreams Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Delaware Dreams Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.