Wilfred & Leoba Dempsey Foundation

SUMMIT, NJ EIN: 22-3480871

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $8K (100%)

States

New Jersey

Cities

Summit

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.