Diggs Family Foundation
The Diggs Family Foundation is a private independent foundation that operates within the United States. It is classified as a 501(c)(3) organization, which means it is exempt from federal income tax and donations to it are tax-deductible.
Overview
The foundation is categorized under philanthropy, voluntarism, and grant-making foundations in its NTEE (National Taxonomy of Exempt Entities) classification. The foundation's activities are primarily focused on charitable purposes.
Financial Information
In recent years, the foundation has generated revenue primarily from dividends and sales of assets. For example, in the fiscal year ending in 2022, it received $39,013 in dividends, which accounted for a significant portion of its revenue. The foundation also reported $11,876 from sales of assets that year.
The foundation's expenses are predominantly devoted to charitable disbursements. In 2022, these disbursements totaled $45,800, comprising almost the entire expense budget.
As of recent filings, the foundation had total assets valued at $610,242 with no reported liabilities.
Note
The Diggs Family Foundation is not listed in the IRS's most recent list of tax-exempt organizations as of the latest available data. Despite this, there is associated data available under its EIN number.
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