Dietrich Foundation

Pittsburgh, PA   |  http://WWW.DIETRICHFOUNDATION.NET

Mission

THE PRIMARY MISSION OF THE DIETRICH FOUNDATION (THE "FOUNDATION") IS TO BENEFIT HIGHER EDUCATION, PRIMARILY IN THE GREATER PITTSBURGH, PENNSYLVANIA AREA, BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO CARNEGIE MELLON UNIVERSITY, THE UNIVERSITY OF PITTSBURGH, THIEL COLLEGE, PRINCETON UNIVERSITY, DUQUESNE UNIVERSITY, AND CHATHAM UNIVERSITY. THE FOUNDATION SHALL ALSO FURTHER CHARITABLE PURPOSES IN WESTERN PENNSYLVANIA BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO OTHER ORGANIZATIONS. SEE SCHEDULE A, PART I, FOR A COMPLETE LIST OF SUPPORTED ORGANIZATIONS.

Ruling year info

2012

Principal Officer

EDWARD J GREFENSTETTE

Main address

Usx Tower 600 Grant St Rm 5360

Pittsburgh, PA 15219 United States

EIN

36-4711746

NTEE code info

Private Grantmaking Foundations (T20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

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Our programs

SOURCE: IRS Form 990

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Program 1

PER THE DECLARATION OF TRUST DATED AUGUST 23, 2011 OF WILLIAM S. DIETRICH II REVOCABLE TRUST AND THE DIETRICH FOUNDATION (THE "TRUST"), THE FOUNDATION DISTRIBUTES ANNUALLY, OR MORE FREQUENTLY, AN AMOUNT FROM NET INCOME EQUAL TO SUBSTANTIALLY ALL (AT LEAST 85%) OF ITS ANNUAL NET INCOME (AS DEFINED IN THE TRUST). IN THE EVENT THAT THE TOTAL AMOUNT DISTRIBUTED ANNUALLY UNDER THIS REQUIREMENT SHOULD CONSISTENTLY FALL BELOW A RATE OF 3%, THE ANNUAL DISTRIBUTION AMOUNT WILL APPROXIMATE 3% OF THE FAIR VALUE OF THE FOUNDATION'S ASSETS (NET OF ACQUISITION INDEBTEDNESS) AS DETERMINED ON JANUARY 1 OF EACH YEAR. IN MAY 2021, THE FOUNDATION MADE ITS ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATIONS EQUAL TO 3.0% OF NET ASSETS AS CALCULATED AT JANUARY 1, 2020.

Expenses
$35,226,871
Revenue
$0

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Financials

Dietrich Foundation
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Operations

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This organization has no recorded board members.