Overview
The WSFS CARES Foundation, based in Wilmington, Delaware, is a philanthropic arm of WSFS Bank, focusing on supporting initiatives in education, community and economic development, and business and industry. With assets totaling approximately $9.35 million, the foundation reported expenses of about $2.95 million and revenue of $3.31 million. The foundation's funding efforts span across several states including California, Delaware, Illinois, New Jersey, New York, Pennsylvania, and Washington D.C., with a significant presence in cities such as Philadelphia, Wilmington, and Newark. The foundation is led by a team of directors and executives, including President Patrick Ward and Vice President Vernita Dorsey, all of whom serve without compensation. The foundation's mission is to foster community development and support educational and economic initiatives in the regions it serves.
Focus areas
Geographic focus
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Financials
in 2024, compared to $9,037,633 in 2023
1 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $2,719,328 | SEE ATTACHED STATEMENT | SEE DETAIL | REGARDING GRANT DONEES WILMINGTON, DE US | 2024 |
| $100,000 | TEENSHARP - WILMINGTON DE | EDUCATION & LEADERSHIP DEVELOPMENT | 1200 N FRENCH STREET 5TH FLOOR WILMINGTON, DE US | 2022 |
| $100,000 | TEENSHARP - WILMINGTON DE | EDUCATION & LEADERSHIP DEVELOPMENT | 100 W 10TH STREET SUITE 704 WILMINGTON, DE US | 2023 |
| $75,000 | THE TEEN WAREHOUSE INC | EDUCATION & LEADERSHIP DEVELOPMENT | 1121 THATCHER STREET WILMINGTON, DE US | 2022 |
| $75,000 | THE TEEN WAREHOUSE INC | EDUCATION & LEADERSHIP DEVELOPMENT | 6 YORK WAY HOCKESSIN, DE US | 2023 |
| $50,000 | ERTZ FAMILY FOUNDATION | STRENGTHENING THOSE IN NEED (HEALTH & HUMAN SERVICES) | 411 W SEASIDE WAY LONG BEACH, CA US | 2022 |
| $50,000 | DELAWARE PROSPERITY PARTNERSHIP INC | REVITALIZATION AND BUSINESS ECONOMIC EMPOWERMENT | 1201 N ORANGE STREET WILMINGTON, DE US | 2023 |
| $50,000 | THE SPRINGBOARD COLLABORATIVE | AFFORDABLE HOUSING | 216 S RACE ST GEORGETOWN, DE US | 2023 |
| $50,000 | CINNAIRE | AFFORDABLE HOUSING | 100 W 10TH ST SUITE 502 WILMINGTON, DE US | 2023 |
| $50,000 | FOOD BANK OF DELAWARE | STRENGTHENING THOSE IN NEED (HEALTH & HUMAN SERVICES) | 222 LAKE DRIVE NEWARK, DE US | 2023 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
RW
RICHARD WRIGHT
| PRESIDENT | $0 | 2022 |
MG
MICHAEL GRIFFE
| TREASURER | $0 | 2022 |
VD
VERNITA DORSEY
| SECRETARY | $0 | 2022 |
JD
JENNIFER DAVIS
| BOARD MEMBER | $0 | 2022 |
PW
PATRICK WARD
| BOARD MEMBER | $0 | 2022 |
TY
TERENCE YOUNG
| BOARD MEMBER | $0 | 2022 |
MR
MALINA ROBBINS
| BOARD MEMBER | $0 | 2022 |
KB
KAREN BUCHHOLZ
| BOARD MEMBER | $0 | 2022 |
RS
ROBERT SCHNEIDER
| BOARD MEMBER | $0 | 2022 |
CC
CANDICE CARUSO
| BOARD MEMBER | $0 | 2022 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025