Emanuel & Riane Gruss Charitable Foundation Inc
- Assets
- $16.3m
- Revenue
- $14.2m
- Investments
- $16.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1979
- Data as of
- 03/2022
- EIN
- 13-2969811
Organization Overview
Emanuel & Riane Gruss Charitable Foundation Inc is located in New York, NY. The organization was established in 1979. 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. Emanuel & Riane Gruss Charitable Foundation Inc 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 03/2022, Emanuel & Riane Gruss Charitable Foundation Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $869.1k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Emanuel & Riane Gruss Charitable Foundation Inc has awarded 479 individual grants totaling $28,720,668. 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 |
|---|---|---|---|
Riane Gruss President | 2 | $0 | |
Shira Nadich Levin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,132,064 |
| Interest on Savings | $50 |
| Dividends & Interest | $356,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,709,400 |
| Capital Gain Net Income | $6,709,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,759 |
| Total Revenue | $14,212,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,763 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,180 |
| Total operating and administrative expenses | $258,486 |
| Contributions, gifts, grants paid | $610,593 |
| Total expenses and disbursements | $869,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,133 |
| Savings and temporary cash investments | $154,117 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,347,947 |
| 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, Emanuel & Riane Gruss Charitable Foundation Inc has awarded $610,593 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO INSPIRE ITS STUDENTS TO FORGE A LIFELONG RELATIONSHIP WITH ISRAEL AND THE JEWISH PEOPLE THROUGH OUR TRAVELS ACROSS THE WORLD - GAINING UNDERSTANDING OF JEWISH LIFE AND HISTORY TOGETHER WITH THAT OF THE MANY CULTURES, RELIGIONS AND WORLD VIEWS. | $150,000 |
New York, NY PURPOSE: CHARITABLE | $100,000 |
AMERICA-ISRAEL FRIENDSHIP LEAGUE PURPOSE: STRENGTHENING THE RELATIONSHIP BETWEEN AMERICANS & ISRAELIS | $50,000 |
AM YISRAEL FOUNDATION PURPOSE: CHARITABLE | $50,000 |
New York, NY PURPOSE: COMMUNITY WHERE YOUNG MEN AND WOMEN CAN EXPLORE JEWISH LIFE AND MEET NEW PEOPLE | $40,000 |
ABRAHAM FUND PURPOSE: TO PROMOTE REGIONAL ECONOMIC COOPERATION AND PROSPERITY IN THE MIDDLE EAST AND BEYOND | $36,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |