The Diken Foundation

PALM BEACH GARDENS, FL EIN: 54-1394376

The Diken Foundation is a private foundation focused on Education, based in PALM BEACH GARDENS, FL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $108K in total assets. In 2023, it awarded 7 grants totaling $23K. Net investment income was $7K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$108K

-7.8% YoY

Annual Giving

$23K

-12.6% YoY

Grant Count

-36.4% YoY

Avg Grant Size

$3K

+37.3% YoY

Under IRS private-foundation payout rules, The Diken Foundation reported a distributable amount of $15K for 2023 — the minimum it must pay out in qualifying distributions.

About The Diken Foundation

Based on IRS filings

Focus Areas

Education Religion Human services

Ready to take the next step with The Diken Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $70K (69%)

Virginia $17K (16%)

Maryland $9K (8%)

District of Columbia $4K (3%)

Tennessee $1K (1%)

Minnesota $1K (1%)

North Carolina $1K (1%)

States

District of Columbia Florida Maryland Minnesota North Carolina Tennessee Virginia

Cities

ArlingtonBaltimoreFayettevilleGainesvilleHopkinsJacksonvilleJupiterLake WorthMemphisOrlandoPonte Vedra BeachTallahasseeWashingtonWellingtonWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$108,388	$117,599	$131,233
Revenue	$6,236	$6,030	$6,113
Expenses	$23,980	$27,240	$25,055
Qualifying Distributions	$23,050	$26,373	$24,250
Net Investment Income	$6,527	$5,361	$5,154
Distributable Amount	$15,119	$15,953	$19,325

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 2023

Grant Size Distribution

38 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Bella's Angels ($9,200), Notre Dame of Md University ($5,500), Tragedy Assistance Program ($4,000).

Recipient	Purpose	Amount
ST MARKS EPISCOPAL CHURCH JACKSONVILLE, FL	RELIGOUS	$1,500
ADOPT-A-FAMILY LAKE WORTH, FL	CHARITABLE	$1,000
BELLA'S ANGELS WELLINGTON, FL	CHARITABLE	$9,200
JUDICIAL WATCH WASHINGTON, DC	CHARITABLE	$1,000
NOTRE DAME OF MD UNIVERSITY BALTIMORE, MD	EDUCATIONAL	$5,500
ST JUDE'S HOSPITAL MEMPHIS, TN	CHARITABLE	$850
TRAGEDY ASSISTANCE PROGRAM ARLINGTON, VA	CHARITABLE	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
KENNETH H TROUT	PRESIDENT	0.15	—
DIANA M TROUT	VICE-PRESIDENT	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Education Religion Human services

Frequently Asked Questions

What is The Diken Foundation?

The Diken Foundation is a private foundation focused on Education, based in PALM BEACH GARDENS, FL. It holds $108K in total assets as of 2023.

How large is The Diken Foundation?

As of 2023, The Diken Foundation holds $108K in total assets with $6K in annual revenue. It awarded 7 grants totaling $23K in 2023.

Where does The Diken Foundation operate?

The Diken Foundation has awarded grants in District of Columbia, Florida, Maryland, Minnesota, North Carolina, Tennessee, Virginia.

What size grants does The Diken Foundation award?

In 2023, The Diken Foundation awarded 7 grants totaling $23K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Diken Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Diken Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.