Hassenfeld Foundation
- Assets
- $62.1m
- Revenue
- $2.0m
- Investments
- $58.1m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 07/1947
- Data as of
- 12/2022
- EIN
- 05-6015373
Organization Overview
Hassenfeld Foundation is located in Providence, RI. The organization was established in 1947. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hassenfeld Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hassenfeld Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (49.0%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hassenfeld Foundation has awarded 383 individual grants totaling $68,434,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan G Hassenfeld President | 35 | $0 | |
Ellen Block Vp/treasurer | 10 | $0 | |
Susan Block Casdin Director | 5 | $0 | |
Lori Holland Secretary | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martin Investment Management Llc | 12/30/22 | $745,235 |
Ubs Financial Services Inc | 12/30/22 | $120,858 |
Upshot Advisors | 12/30/22 | $100,000 |
Kovitz Investment Group Partners Llc | 12/30/22 | $50,000 |
Hassenfeld Family Initiatives Llc | 12/30/22 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,859,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,565 |
| Capital Gain Net Income | $119,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,093 |
| Total Revenue | $2,020,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $160 |
| Taxes | $46,695 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,141,935 |
| Total operating and administrative expenses | $1,338,790 |
| Contributions, gifts, grants paid | $8,907,925 |
| Total expenses and disbursements | $10,246,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,684,754 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,855,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,327,789 |
| Total assets | $62,085,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hassenfeld Foundation has awarded $8,907,925 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF THE ISRAEL MUSEUM PURPOSE: AFIM BOARD OF DIRECTOR ANNUAL FUND | $25,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: CAMP SZARVAS PLAYGROUND AND CHALLENGE PARK | $200,000 |
AMERICAN FRIENDS OF THE ISRAEL MUSEUM PURPOSE: IRON TREE ACQUISITION | $258,020 |
BRANDEIS UNIVERSITY PURPOSE: INTERNATIONAL BUSINESS SCHOOL PEACE SCHOLARSHIP | $250,000 |
BRANDEIS UNIVERSITY PURPOSE: HASSENFELD FELLOWS OVERSEAS IMMERSION PROGRAM | $200,000 |
BRYANT UNIVERSITY PURPOSE: HASSENFELD INSTITUTE FOR PUBLIC SERVICE LEADERSHIP | $80,000 |