Wilfred & Leoba Dempsey Foundation
Wilfred & Leoba Dempsey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $3.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28K
-6.7% YoY
Annual Giving
$2K
+1.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2K
+1.5% YoY
Under IRS private-foundation payout rules, Wilfred & Leoba Dempsey Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Wilfred & Leoba Dempsey Foundation
Based on IRS filings
Wilfred & Leoba Dempsey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $3.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,488 | $30,545 | $32,542 |
| Revenue | $3 | $3 | $3 |
| Expenses | $2,060 | $2,000 | $2,000 |
| Qualifying Distributions | $2,030 | $2,000 | — |
| Net Investment Income | $3 | $3 | $3 |
| Distributable Amount | $1,504 | $1,504 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Other Fellow First Foundation ($2,030).
| Recipient | Purpose | Amount |
|---|---|---|
| Other Fellow First Foundation Summit, NJ | Organizational Use | $2,030 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary Sheehan | President | — | — |
| Robert Dempsey | Vice President | — | — |
| Leoba Donahue | Secretary/Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wilfred & Leoba Dempsey Foundation?
Wilfred & Leoba Dempsey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMMIT, NJ. It holds $28K in total assets as of 2024.
How large is Wilfred & Leoba Dempsey Foundation?
As of 2024, Wilfred & Leoba Dempsey Foundation holds $28K in total assets with $3 in annual revenue. It awarded 1 grants totaling $2K in 2024.
Where does Wilfred & Leoba Dempsey Foundation operate?
Wilfred & Leoba Dempsey Foundation has awarded grants in New Jersey.
What size grants does Wilfred & Leoba Dempsey Foundation award?
In 2024, Wilfred & Leoba Dempsey Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Wilfred & Leoba Dempsey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wilfred & Leoba Dempsey Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wilfred & Leoba Dempsey Foundation's EIN?
Wilfred & Leoba Dempsey Foundation's EIN (Employer Identification Number) is 22-3480871. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.