G Unger Vetlesen Foundation
- Assets
- $62.2m
- Revenue
- $12.7m
- Investments
- $56.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1957
- Data as of
- 12/2021
- EIN
- 13-1982695
Organization Overview
G Unger Vetlesen Foundation is located in New York, NY. The organization was established in 1957. 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. G Unger Vetlesen 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, G Unger Vetlesen Foundation generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 1.8% 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, G Unger Vetlesen Foundation has awarded 94 individual grants totaling $16,045,000. 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 Exec V.P. & Asst. Treas. | 10 | $184,167 | |
Dr Gary K Beauchamp Director | 1 | $0 | |
Ambrose K Monell President & Treasurer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Atlantic Partners Llc | 12/30/21 | $374,151 |
Deutsche Bank | 12/30/21 | $67,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,089 |
| Dividends & Interest | $2,832,501 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,860,852 |
| Capital Gain Net Income | $9,860,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,439 |
| Total Revenue | $12,697,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $184,167 |
| Other employee salaries and wages | $31,847 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,990 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,152 |
| Total operating and administrative expenses | $796,546 |
| Contributions, gifts, grants paid | $7,785,000 |
| Total expenses and disbursements | $8,581,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,693 |
| Savings and temporary cash investments | $5,329,991 |
| 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 | $62,231,235 |
| 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, G Unger Vetlesen Foundation has awarded $8,335,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Woods Hole, MA PURPOSE: GENERAL PURPOSES | $750,000 |
Bronx, NY PURPOSE: $500,000 FOR THE BRIDGE FUND; $150,000 FOR GENERAL PURPOSES; $50,000 FOR ITS MARINE PROGRAM AND $50,000 FOR THE WILDLIFE HEALTH PROGRAM | $750,000 |
TRUSTEES OF COLUMBIA UNIVERSITY LAMONT-DOHERTY EARTH OBSERVATORY PURPOSE: $300,000 GENERAL PURPOSES; $200,000 PROGRAMS OF THE CLIMATE CENTER; $200,000 FOR NEXT EDITION OF THE VETLESEN PRIZE | $700,000 |
Woods Hole, MA PURPOSE: $350,000 TO THE BAY PAUL CENTER AND $250,000 FOR THE RECRUITMENT OF ALEXANDRA Z WORDEN AS A SENIOR SCIENTIST AT BAY PAUL CENTER | $600,000 |
UC SAN DIEGO FOUNDATION SCRIPPS INSTITUTION OF OCEANOGRAPHY PURPOSE: APPLICATION TO THE GLOBAL CHANGE PROGRAM | $600,000 |
UNIVERSITY OF WASHINGTON SCHOOL OF OCEANOGRAPHY PURPOSE: $375,000 TO BE APPLIED AT THE DISCRETION OF DR. KEIL, AND $25,000 TO BE APPLIED TO DR. KRISTIN LAIDRE'S WORK IN GREENLAND | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |