Carnegie Corporation Of New York
- Assets
- $3.6b
- Revenue
- $254.1m
- Investments
- $3.6b
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 09/2020
- EIN
- 13-1628151
Organization Overview
Carnegie Corporation Of New York is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2020, Carnegie Corporation Of New York generated $254.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $205.8m during the year ending 09/2020. While expenses have increased by 0.4% 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 2015, Carnegie Corporation Of New York has awarded 5,375 individual grants totaling $1,573,181,577. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 23
SEE STATEMENT 23
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Lew VP & Chief Investment Officer | 50 | $1,014,000 | |
Vartan Gregorian See Stmt 19 President | 60 | $960,077 | |
Alisa Mall Managing Dir, Invest | 50 | $503,750 | |
Brooke Jones Managing Dir, Invest | 50 | $494,606 | |
Ken Lee Managing Dir, Invest | 50 | $457,789 | |
Robert Seman VP & Chief Financial Officer | 50 | $405,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsm Us Llp | 9/29/20 | $588,316 |
The Bank Of New York Mellon | 9/29/20 | $381,407 |
Skdknickerbocker Llc | 9/29/20 | $384,955 |
Gallup Inc | 9/29/20 | $300,000 |
Oakview Capital Management | 9/29/20 | $311,242 |
Rsm Us Llp | 9/29/20 | $588,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,651,686 |
| Dividends & Interest | $682,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $235,518,327 |
| Capital Gain Net Income | $284,660,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,237,463 |
| Total Revenue | $254,090,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,675,037 |
| Other employee salaries and wages | $10,621,938 |
| Pension plans, employee benefits | $6,443,987 |
| Interest | $266,693 |
| Taxes | $2,738,062 |
| Depreciation | $841,299 |
| Occupancy | $3,115,779 |
| Travel, conferences, and meetings | $1,092,455 |
| Printing and publications | $1,182,373 |
| Other expenses | $2,582,856 |
| Total operating and administrative expenses | $45,187,425 |
| Contributions, gifts, grants paid | $160,564,063 |
| Total expenses and disbursements | $205,751,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,198 |
| Savings and temporary cash investments | $114,401 |
| 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 | $1,987,739 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,067,209,788 |
| Net Land, buildings, and equipment | $5,971,816 |
| Other assets | $47,328 |
| Total assets | $3,564,024,289 |
| Accounts payable and accrued expenses | $6,431,601 |
| Grants payable | $93,511,859 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,368,583 |
| Total liabilities | $133,312,043 |
Grants Awarded
Over the last fiscal year, Carnegie Corporation Of New York has awarded $517,493,400 in support to 2,018 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR SUPPORT OF THE NEW YORK CITY COVID-19 RESPONSE & IMPACT FUND | $4,000,000 |
New York, NY PURPOSE: FOR CORE SUPPORT OF THE FOUR FREEDOMS FUND, A DONOR COLLABORATIVE ON IMMIGRANT CIVIC INTEGRATION AT THE STATE LEVEL | $4,000,000 |
New York, NY PURPOSE: FOR SUPPORT OF THE NEW YORK CITY COVID-19 RESPONSE & IMPACT FUND | $4,000,000 |
New York, NY PURPOSE: FOR CORE SUPPORT OF THE FOUR FREEDOMS FUND, A DONOR COLLABORATIVE ON IMMIGRANT CIVIC INTEGRATION AT THE STATE LEVEL | $4,000,000 |
New York, NY PURPOSE: AS A FINAL GRANT FOR FELLOWSHIPS IN THE HUMANITIES IN AFRICA | $2,625,000 |
New York, NY PURPOSE: AS A FINAL GRANT FOR FELLOWSHIPS IN THE HUMANITIES IN AFRICA | $2,625,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Carnegie Corporation Of New York has recieved totaling $3,525,526.
| Awarding Organization | Amount |
|---|---|
Carnegie Corporation Of New York New York, NY PURPOSE: FOR PROGRAM DISSEMINATION OF THE CORPORATION'S WORK | $799,232 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR PROGRAM DISSEMINATION OF THE CORPORATION'S WORK | $799,232 |
Carnegie Corporation Of New York New York, NY PURPOSE: MATCHING GIFT PROGRAM | $547,331 |
Carnegie Corporation Of New York New York, NY PURPOSE: MATCHING GIFT PROGRAM | $547,331 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR CORPORATION-WIDE NONPROFIT MEMBERSHIPS IN FISCAL YEAR 2020 | $396,200 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR CORPORATION-WIDE NONPROFIT MEMBERSHIPS IN FISCAL YEAR 2020 | $396,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Corporation Of New York New York, NY | $3,564,024,289 | $254,090,060 |
Donorschoose Org New York, NY | $102,485,809 | $148,898,158 |
Healthcare Industry Grant Corporation New York, NY | $26,927,358 | $27,999,093 |
Kipp New York Inc New York, NY | $52,127,801 | $19,177,934 |
Ernst & Young Foundation New York, NY | $40,088,823 | $21,007,065 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $12,898,371 | $18,810,638 |
Fund For Public Schools Inc New York, NY | $67,061,936 | $45,589,166 |
Vista Foundation Hershey, PA | $9,925,420 | $11,508,345 |
Five Colleges Incorporated Amherst, MA | $33,094,368 | $11,048,612 |
Nli Usa Inc New York, NY | $10,529,139 | $7,061,389 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $49,924,322 | $10,741,682 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $9,108,462 | $12,531,233 |