# Delaware Community Foundation Delaware Community Foundation is an Endowment / Foundation based in Wilmington, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Wilmington, United States - **Region:** North America - **Address:** 100 West 10th Street, Suite 115, PO Box 1636, Wilmington, DE 19899, United States - **Founded:** 1986 - **Assets under management:** 338 (Altss estimate) - **Website:** delcf.org - **LinkedIn:** https://www.linkedin.com/company/delcommunity ## About The Delaware Community Foundation was established in 1986 by Pierre S. duPont III to create a permanent endowment vehicle for Delaware nonprofits. Stuart Comstock-Gay has led the organization as President and CEO. The foundation accepts and manages donor-advised funds, field-of-interest funds, and unrestricted endowments that address statewide needs. Capital is deployed through the Flagship Long-Term Pool, which holds allocations to US equities at 35 percent, non-US equities at 25 percent, fixed income at 20 percent, alternatives at 15 percent, and real estate at 5 percent. The pool is managed by SEI as outsourced CIO. Confirmed holdings include positions in alternatives and direct ownership of two commercial properties in Wilmington and Lewes. Geographic activity remains concentrated in Delaware with limited exposure outside the state. The foundation employs 30 professionals and maintains a second office in Lewes. It sponsors events including the October 2024 Building Opportunity Keynote in Newark. Supporting organizations such as the Arsht-Cannon Fund and the Boerger Fund operate under its umbrella. The foundation belongs to the Council on Foundations and Philanthropy Delaware. Governance centers on a board that includes representatives from Delaware business families and a formal relationship with SEI for investment execution. This structure separates donor intent from investment decisions while maintaining statutory oversight as a public charity. ## Sectors - Philanthropy ## Offices - Lewes, DE, United States ## People - Stuart Comstock-Gay — President and CEO - Pierre S. duPont III — Founder - Mariah Calagione — Vice Chairperson ## Questions ### Who runs investment decisions at Delaware Community Foundation? SEI serves as outsourced chief investment officer and manages the Flagship Long-Term Pool. The foundation board sets overall asset allocation targets. ### Does Delaware Community Foundation participate in fund commitments or only direct deals? The foundation allocates to alternatives through SEI and holds a 15 percent target in that sleeve. It also owns two commercial properties directly. ### Where does the underlying capital come from? Capital originates from individual donors, families, and organizations that establish endowed funds. No single family controls the foundation. ### What investment stages or asset classes receive priority? The Flagship Long-Term Pool targets long-term growth through public equities, fixed income, alternatives, and real estate. Private equity exposure sits at approximately 2 percent of assets. ### How does Delaware Community Foundation source grant opportunities? Staff and board review proposals from Delaware nonprofits. The foundation also maintains named funds such as the Arsht-Cannon Fund and Delaware Forever Fund that direct giving to specific causes. ### Does Delaware Community Foundation maintain relationships with external advisors? Yes. SEI acts as OCIO, Belfint Lyons & Shuman serves as auditor, and Morris Nichols Arsht & Tunnell provides legal counsel. ### What geographic restrictions apply to capital deployment? Grantmaking and investment activity focus on Delaware. The foundation holds two in-state commercial properties and directs distributions to organizations serving Delaware residents. ## Related profiles - [Connelly Foundation](https://altss.com/profile/connelly-foundation) - [Lawrence Retirement Board](https://altss.com/profile/lawrence-retirement-board) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/delaware-community-foundation-dcf Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology