Desich Family Foundation
EIN 264308958About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,000,000. This amount represents 25% or more of the Foundation's net assets of $3,271,493 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $608K | $2.6M | $1.3M | 3 |
| 2017 | $550K | $2.7M | $1.2M | 2 |
| 2018 | $550K | $2.2M | $550K | 2 |
| 2020 | $550K | $3.3M | $1.2M | 2 |
| 2021 | $1.0M | $3.5M | $1.7M | 1 |
| 2022 | N/A | $3.6M | $675K | N/A |
| 2023 | $91K | $8.7M | $5.8M | 5 |
Grant Size Distribution
Based on 15 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (15 total)
| Purpose | ||||
|---|---|---|---|---|
| Lorain County Community College Foundation | Elyria, OH | $1,000,000 | Richard A. Desich Institute for Sensor Commercialization and Richard A. Desich School of Business | 2021 |
| Lorain County Community College Foundation | Elyria, OH | $500,000 | Richard A. Desich Institute for Sensor Commercialization and Richard A. Desich School of Business | 2020 |
| Lorain County Community College Foundation | Elyria, OH | $500,000 | for the Capital Campaign and various Programs as outlined in the foundation's pledge agreement | 2016 |
| Lorain County Community College Foundation | Elyria, OH | $500,000 | for the Capital Campaign and various Programs as outlined in the foundation's pledge agreement | 2017 |
| Lorain County Community College Foundation | Elyria, OH | $500,000 | Richard A. Desich Institute for Sensor Commercialization and Richard A. Desich School of Business | 2018 |
| Lorain County Community College Foundation | Elyria, OH | $58,200 | Wave of Knowledge Program | 2016 |
| Lorain County Community College Foundation | Elyria, OH | $50,000 | Legacy of Leadership Program | 2020 |
| Governor Dummer Academy | Byfield, MA | $50,000 | ANNUAL FUND | 2023 |
| Lorain County Community College Foundation | Elyria, OH | $50,000 | Legacy of Leadership Program | 2016 |
| Lorain County Community College Foundation | Elyria, OH | $50,000 | Legacy of Leadership Program | 2017 |
| Lorain County Community College Foundation | Elyria, OH | $50,000 | Legacy of Leadership Program | 2018 |
| Sundance Institute | Park City, UT | $25,000 | SUNDANCE INSTITUTE CONTRIBUTION | 2023 |
| American Heart Assoc | Cleveland, OH | $10,000 | CLEVELAND HEART WALK | 2023 |
| Boys & Girls Clubs of Palm Beach | West Palm Beach, FL | $5,000 | GREATUR FUTURES POLO BRONZE BENEFACT | 2023 |
| Community Fdn of Lorain County | Elyria, OH | $1,000 | GENERAL SUPPORT | 2023 |