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Dietrich Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364711746 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(3)

Overview

What is Dietrich Foundation?

The Dietrich Foundation is a Pennsylvania-based nonprofit organization, specifically located in Pittsburgh, with a team of 17 individuals. Its primary mission is to support higher education and various charitable causes, primarily in the greater Pittsburgh area. The foundation distributes a significant portion of its annual net income to 13 identified organizations, including Carnegie Mellon University, the University of Pittsburgh, Thiel College, Princeton University, Duquesne University, and Chatham University. The foundation's annual support to these organizations represents ongoing and increasing financial commitment. The exact list of supported organizations can be found in Schedule A, Part I. The Foundation's activities are governed by a declaration of trust, ensuring consistent financial contributions to its beneficiaries.


Official website here: www.dietrichfoundation.net

Is Dietrich Foundation legitimate?

Dietrich Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dietrich Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $5,261,107
Professional Fundraising Fees: $0
Other Salaries and Wages: $492,735

For more financial information, click here


Official website here: www.dietrichfoundation.net

What is the mission statement of Dietrich Foundation?

The Dietrich Foundation serves to benefit various charitable causes, with a primary focus on higher education. It provides ongoing and increasing financial support to Carnegie Mellon University, University of Pittsburgh, Thiel College, Princeton University, Duquesne University, and Chatham University. In addition to these educational institutions, the foundation also contributes to other charitable organizations in western Pennsylvania, expanding its reach to further philanthropic efforts.


Official website here: www.dietrichfoundation.net

Who is the CEO of Dietrich Foundation?

Edward J Grefenstette is the Community Trustee, Preside of Dietrich Foundation.


Official website here: www.dietrichfoundation.net

What is the revenue of Dietrich Foundation?

Dietrich Foundation's revenue in 2022 was $82,615,692.


Official website here: www.dietrichfoundation.net

Who are the executives of Dietrich Foundation and what are their salaries?

The average compensation at Dietrich Foundation during 2022 was $338,461. There are 17 employees at Dietrich Foundation.

Here are 14 key members and their salaries:

    Edward J Grefenstette (Community Trustee, Preside)
  • Compensation: $2,134,476
  • Related: $0
  • Other: $1,854,743

    • Farnam Jahanian (Educational Trustee)
  • Compensation: $25,000
  • Related: $1,919,046
  • Other: $92,161

    • Ryan L Vaccaro (Managing Director)
  • Compensation: $723,305
  • Related: $0
  • Other: $539,014

    • Lee S Tilghman (Managing Director)
  • Compensation: $641,331
  • Related: $0
  • Other: $503,114

    • Patrick Gallagher (Educational Trustee)
  • Compensation: $25,000
  • Related: $679,385
  • Other: $139,969

    • Nancy A Watson (Vice President Of Finance)
  • Compensation: $309,074
  • Related: $0
  • Other: $208,869

    • Matthew E Cunningham (Managing Director)
  • Compensation: $277,623
  • Related: $0
  • Other: $173,853

    • Susan Traverso (Educational Trustee)
  • Compensation: $25,000
  • Related: $334,713
  • Other: $71,135

    • Matthew W Rozyczka (Managing Director)
  • Compensation: $381,620
  • Related: $0
  • Other: $22,270

    • Eric C Johnson (Educational Trustee)
  • Compensation: $50,000
  • Related: $0
  • Other: $0

    • Mark J Laskow (Community Trustee/Chairman)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • James E Rohr (Educational Trustee)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • Eva Blum (Community Trustee)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • Anne Dietrich Diemer (Community Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.dietrichfoundation.net

    Where can I find the form 990 for Dietrich Foundation?

    The Dietrich Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dietrichfoundation.net

    Learn more at the official website: www.dietrichfoundation.net

    Mission Statement of Dietrich Foundation

    The Dietrich Foundation, a philanthropic organization, is dedicated to advancing higher education and charitable causes. Its primary focus is on providing ongoing and growing financial assistance to a select group of organizations, including Carnegie Mellon University, the University of Pittsburgh, Thiel College, Princeton University, Duquesne University, and Chatham University. By doing so, the Dietrich Foundation aims to make a significant impact on education in the greater Pittsburgh, Pennsylvania area.

    In addition to its primary mission, the Dietrich Foundation also extends its support to other charitable organizations in western Pennsylvania. These organizations benefit from the Foundation's ongoing and increasing financial contributions. The Dietrich Foundation's charitable endeavors are not limited to education, and it takes pride in making a difference in various aspects of the community.

    The Dietrich Foundation's mission is centered on the belief that financial support plays a crucial role in the success and growth of the organizations it assists. By providing this support, the Foundation enables these organizations to continue their vital work and make a positive impact on the lives of those they serve. The Dietrich Foundation's commitment to higher education and charitable causes is unwavering, and its ongoing financial contributions are essential to the continued success of the supported organizations.

    Impact

    This information is meant to be a general summary of Dietrich Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Dietrich Foundation has a significant impact on higher education and charitable causes in the greater Pittsburgh, Pennsylvania area. By providing ongoing and increasing financial support to esteemed institutions such as Carnegie Mellon University, the University of Pittsburgh, Thiel College, and others, the foundation plays a crucial role in advancing education and research. Additionally, the foundation's commitment to supporting other organizations in western Pennsylvania further contributes to the betterment of the community and the promotion of philanthropic endeavors. Through its philanthropic efforts, the Dietrich Foundation serves as a pillar of support for education and charitable initiatives, leaving a lasting and positive impact on the areas it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $82,615,692
  • Program Service Revenue: $0
  • Gross Receipts: $142,318,445

    • Assets and Liabilities:
  • Total Assets: $1,517,931,296
  • Total Liabilities: $3,414,232
  • Net Assets: $1,514,517,064
  • Organization Details

    Founding Year

    2011

    Principal Officer

    Edward J Grefenstette

    Main Address

    USX TOWER 600 GRANT ST 5360, PITTSBURGH, PA, 15219

    NTEE Category

    Code: Z99 - Unknown

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