Hassenfeld Foundation
- Assets
- $69.7m
- Revenue
- $3.9m
- Investments
- $63.1m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 07/1947
- Data as of
- 12/2021
- 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 12/2021, Hassenfeld Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $11.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hassenfeld Foundation has awarded 340 individual grants totaling $59,526,308. 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 | |
Susan Block Casdin Director | 5 | $0 | |
Ellen Block Vp/treasurer | 10 | $0 | |
Lori Holland Secretary | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kovitz Investment Group Partners Llc | 12/30/21 | $50,000 |
Martin Investment Management Llc | 12/30/21 | $491,264 |
Upshot Advisors | 12/30/21 | $100,000 |
Ubs Financial Services Inc | 12/30/21 | $129,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,324,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,471,424 |
| Capital Gain Net Income | $1,471,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,770 |
| Total Revenue | $3,941,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $5,107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $924,474 |
| Total operating and administrative expenses | $1,079,584 |
| Contributions, gifts, grants paid | $9,973,538 |
| Total expenses and disbursements | $11,053,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,261,635 |
| 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 | $6,823,595 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,329,800 |
| Total assets | $69,706,667 |
| 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 $9,973,538 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: VISION 2035-ELIMINATING HEALTH DISPARITIES IN PREGNANCY AND CHILDHOOD | $1,225,688 |
New York, NY PURPOSE: UNRESTRICTED | $962,828 |
UNIVERSITY OF CHICAGO PURPOSE: BHC COLLABORATIVE FOR FAMILY RESILIENCE | $962,163 |
UNIVERSITY OF CHICAGO PURPOSE: TRAUMA & CHICAGO SOUTHSIDE: HELPING CHILDREN AND FAMILIES OVERCOME | $869,805 |
Boston, MA PURPOSE: FUND FOR THE FUTURE INITIATIVES & AVANT GUARDIAN SOCIETY MEMBERSHIP | $579,870 |
BRANDEIS UNIVERSITY PURPOSE: DEAN'S STRATEGIC INITIATIVE FUND (IBS) | $483,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |
Silver Family Foundation Darien, CT | $40,909,689 | $21,941,302 |
Richard And Susan Smith Family Foundation Newton, MA | $287,463,199 | $21,143,524 |