Ambrose Monell Foundation
- Assets
- $94.0m
- Revenue
- $24.2m
- Investments
- $89.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1953
- Data as of
- 12/2021
- EIN
- 13-1982683
Organization Overview
Ambrose Monell Foundation is located in New York, NY. The organization was established in 1953. 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. Ambrose Monell 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, Ambrose Monell Foundation generated $24.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $16.7m during the year ending 12/2021. While expenses have increased by 1.2% 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 2020, Ambrose Monell Foundation has awarded 580 individual grants totaling $65,265,000. 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 |
|---|---|---|---|
Maurizio J Morello Executive VP & Assist. Treasurer | 10 | $357,500 | |
Ambrose K Monell President/treasurer | 10 | $0 | |
Dr Gary K Beauchamp Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covington Associates | 12/30/21 | $139,546 |
Clearbridge Investments | 12/30/21 | $309,793 |
Mai Capital Management Llc | 12/30/21 | $406,869 |
Grant Thornton Llp | 12/30/21 | $70,808 |
The Northern Trust Company | 12/30/21 | $311,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,096 |
| Dividends & Interest | $6,367,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,835,733 |
| Capital Gain Net Income | $17,835,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,598 |
| Total Revenue | $24,215,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $357,500 |
| Other employee salaries and wages | $40,403 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $301,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,460 |
| Printing and publications | $0 |
| Other expenses | $93,860 |
| Total operating and administrative expenses | $2,115,659 |
| Contributions, gifts, grants paid | $14,545,000 |
| Total expenses and disbursements | $16,660,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,563 |
| Savings and temporary cash investments | $4,431,170 |
| 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 | $1,555,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,023,590 |
| 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, Ambrose Monell Foundation has awarded $15,720,000 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
MONELL CHEMICAL SENSES CENTER PURPOSE: $50,000 FOR APPLICATION TO THE CENTER'S MORLEY KARE FUND, $150,000 FOR APPLICATION TO THE PROFESSIONAL FEES INCURRED BY THE CENTER IN CONNECTION WITH ITS NEGOTIATIONS WITH THE UNIVERSITY OF PENNSYLVANIA AND $100,000 FOR APPLICATION TO THE PROFESSIONAL FEES INCURRED BY THE CENTER IN CONNECTION WITHT THE RECRUITMENT OF A NEW DIRECTOR. THE FIRST AND SECOND $500,000 INSTALLMENT OF THE 2021 GENERAL OPERATING GRANT REFERRED TO LETTER DATED JUNE 18, 2019; THE 2021 $500,000 GRANT FOR RECRUITMENT OF NEW FACULTY REFERRED TO IN LETTER JUNE 18, 2019 | $1,800,000 |
CARNEGIE INSTITUTION FOR SCIENCE PURPOSE: $250,000 UNRESTRICTED GRANT AND FINAL $250,000 INSTALLMENT FOR THE GMT COMMISSIONING CAMERA GRANT | $500,000 |
New York, NY PURPOSE: FOR APPLICATION TO THE RESEARCH CONDUCTED AT THE TOW CENTER FOR DEVELOPMENTAL ONCOLOGY | $500,000 |
New York, NY PURPOSE: $250,000 IN 2022 AND $250,000 IN 2023 FOR SECOND AND THIRD INSTALLMENTS OF $750,000 GRANT | $500,000 |
DANA FARBER CANCER CENTER PURPOSE: 2ND INSTALLMENT FOR ADVANCEMENT OF IMMUNOTHERAPIES IN PEDIATRIC ONCOLOGY PROGRAM | $500,000 |
New York, NY PURPOSE: $300,000 FOR GENERAL PURPOSES AND $200,000 FOR THE INSTITUTE FOR COMPARATIVE GENOMICS | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ambrose Monell Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Scott Family Foundation Hobe Sound, FL PURPOSE: MEDICAL RESEARCH | $2,000 |
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 |