Altman Foundation
- Assets
- $322.2m
- Revenue
- $29.7m
- Investments
- $315.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1919
- Data as of
- 12/2021
- EIN
- 13-1623879
Organization Overview
Altman Foundation is located in New York, NY. The organization was established in 1919. 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. Altman 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, Altman Foundation generated $29.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $20.4m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Altman Foundation has awarded 779 individual grants totaling $44,663,632. 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 |
|---|---|---|---|
Deborah T Velazquez President, Trustee | 35 | $343,932 | |
Gary Stehr Chief Financial Offi | 35 | $222,308 | |
Rachael Pine Senior Program Offic | 35 | $168,790 | |
Megan Crowley-Mcallister Senior Program Offic | 35 | $168,659 | |
Chelsea Akey Program Officer | 35 | $133,493 | |
Sonali Mukerjee Grants Manager | 35 | $93,087 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bain Capital Special Situations Europe | 12/30/21 | $293,471 |
Vintage Vii Offshore Scsp | 12/30/21 | $308,400 |
Carlyle Credit Opportunities Fund | 12/30/21 | $383,234 |
Two Sigma Absolute Return Cayman | 12/30/21 | $307,966 |
Bain Capital Distressed And Special Situations | 12/30/21 | $238,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,255 |
| Dividends & Interest | $3,131,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,212,746 |
| Capital Gain Net Income | $23,942,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,401,311 |
| Total Revenue | $29,749,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $343,932 |
| Other employee salaries and wages | $1,006,054 |
| Pension plans, employee benefits | $416,910 |
| Interest | $27,412 |
| Taxes | $420,984 |
| Depreciation | $106,719 |
| Occupancy | $432,803 |
| Travel, conferences, and meetings | $8,660 |
| Printing and publications | $0 |
| Other expenses | $205,975 |
| Total operating and administrative expenses | $7,851,975 |
| Contributions, gifts, grants paid | $12,575,473 |
| Total expenses and disbursements | $20,427,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,420 |
| Savings and temporary cash investments | $4,137,343 |
| 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 | $32,466 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $315,364,572 |
| Net Land, buildings, and equipment | $614,266 |
| Other assets | $1,891,496 |
| Total assets | $322,209,563 |
| Accounts payable and accrued expenses | $116,141 |
| Grants payable | $2,924,575 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,675,371 |
| Total liabilities | $4,716,087 |
Grants Awarded
Over the last fiscal year, Altman Foundation has awarded $15,588,399 in support to 269 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO PROVIDE ROBUST TECHNICAL ASSISTANCE AND ONGOING SUPPORT TO SCHOOL-COMMUNITY-BASED ORGANIZATION TEAMS AS THEY PLAN AND IMPLEMENT THEIR SUMMER RISING PROGRAMS | $250,000 |
New York, NY PURPOSE: TO HELP SUPPORT THE WORK OF COMMUNITY-BASED ORGANIZATIONS TO INCREASE VACCINE CONFIDENCE AND ACCESS IN LOW-INCOME COMMUNITIES HARD HIT BY COVID-19 | $200,000 |
New York, NY PURPOSE: TO SUPPORT THE NEW YORK CITY WORKFORCE DEVELOPMENT FUND, A FUNDER COLLABORATIVE FOCUSED ON PROMOTING A MORE EFFECTIVE AND EQUITABLE WORKFORCE SYSTEM FOR LOW-INCOME NEW YORKERS | $200,000 |
COMMUNITY HEALTH CARE ASSOCIATION OF NEW YORK STATE PURPOSE: TO SUPPORT EFFORTS TO ENHANCE COVID-19 VACCINE CONFIDENCE, ACCEPTANCE, AND ACCESS IN LOW-INCOME COMMUNITIES HARD HIT BY THE PANDEMIC | $180,000 |
New York, NY PURPOSE: TO SUPPORT THE FURTHER DEVELOPMENT OF AN INTEGRATED COLLEGE AND CAREER POSTSECONDARY ADVISING MODEL | $175,000 |
FUND FOR THE CITY OF NEW YORK INC (AIRNYC) PURPOSE: FOR A COMMUNITY HEALTH WORKER-BASED PROJECT TO REDUCE BARRIERS TO HEALTH AND SOCIAL CARE FOR LOW-INCOME, BIPOC AND LATINX PREGNANT PERSONS | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
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 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |