Halvorsen Family Foundation
- Assets
- $235.3m
- Revenue
- $4.0m
- Investments
- $235.3m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 02/2002
- Data as of
- 11/2022
- EIN
- 06-1603158
Organization Overview
Halvorsen Family Foundation is located in Greenwich, CT. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Halvorsen Family 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 11/2022, Halvorsen Family Foundation generated $4.0m in total revenue. All expenses for the organization totaled $13.3m during the year ending 11/2022.
Since 2020, Halvorsen Family Foundation has awarded 44 individual grants totaling $29,735,950. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane K Halvorsen Trustee | 0.3 | $0 | |
Ole Andreas Halvorsen Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,015,116 |
| Interest on Savings | $92 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,015,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249 |
| Total operating and administrative expenses | $8,974 |
| Contributions, gifts, grants paid | $13,306,826 |
| Total expenses and disbursements | $13,315,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,020 |
| Savings and temporary cash investments | $0 |
| 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 | $235,270,046 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,306,066 |
| 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, Halvorsen Family Foundation has awarded $13,306,826 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
JP MORGAN CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $9,329,500 |
New York, NY PURPOSE: MEDICAL SUPPORT | $2,000,000 |
New York, NY PURPOSE: EDUCATIONAL SUPPORT | $600,000 |
Williamstown, MA PURPOSE: ARTISTIC INITIATIVES | $479,000 |
Williamstown, MA PURPOSE: EDUCATIONAL SUPPORT | $200,000 |
Woodstock, VT PURPOSE: ATHLETIC OPPORTUNITIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |