DCF Invested $29.4 Million in Delaware Communities in Fiscal Year 2022
Donors gave additional $26 million for state’s future charitable needs
The Delaware Community Foundation awarded $29.4 million this fiscal year in community grants and scholarships, primarily from charitable funds established by individuals, families and corporate donors.
The total giving July 1, 2021-June 30, 2022 – which touched tens of thousands of Delawareans – represents a 3.6 percent increase over FY2021 giving and a 5.3 percent increase over FY2020 giving.
“It was another great year of giving,” DCF President and CEO Stuart Comstock-Gay said. “The DCF team worked with our donors to make sure their generosity has the greatest impact possible throughout the state.”
The DCF is the steward of more than 1,000 charitable funds established by individuals, families, corporations and nonprofit organizations. The foundation’s role is to manage those funds, provide donors with information and opportunities to maximize the impact of grantmaking, and award grants in alignment with donors’ wishes.
Among the grants awarded in 2022 were the final dollars from the Delaware COVID-19 Strategic Response Fund. The fund, a partnership between the DCF and Philanthropy Delaware, distributed a total of $5.3 million March 2020-May 2022.
In all three counties, DCF grants supported a range of projects and nonprofit organizations working to build opportunity and advance equity. Grants funded emergency food and housing, health care, education, the arts, workforce development, environmental issues and more.
In addition to generous grantmaking in 2022, DCF fundholders also gave more than $26 million to charitable funds at the DCF for future grantmaking to address evolving community needs. Thanks to this generosity, the charitable assets under management at the DCF now stand at $344 million.
“Delawareans stepped up big this year with their giving,” Comstock-Gay said. “Despite the ongoing pandemic, the community gave millions to help address future issues that may arise in the state.”