Howard Gilman Foundation Inc
- Assets
- $600.7m
- Revenue
- $27.8m
- Investments
- $532.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1981
- Data as of
- 12/2020
- EIN
- 13-3097486
Organization Overview
Howard Gilman Foundation Inc is located in New York, NY. The organization was established in 1981. 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. Howard Gilman 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 12/2020, Howard Gilman Foundation Inc generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $37.7m during the year ending 12/2020. While expenses have increased by 27.1% 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 2014, Howard Gilman Foundation Inc has awarded 1,801 individual grants totaling $116,463,279. 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
WHITE OAK DANCE RESIDENCY-THE FOUNDATION AWARDED 2, 10 DAY RESIDENCY'S IN THE WHITE OAK DANCE STUDIO, BUILT BY HOWARD GILMAN, TO DANCE HEGINBOTHAM AND URBAN BUSH WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Aden President & CEO | 50 | $455,541 | |
Anna Campbell Sr. Program Officer | 50 | $190,000 | |
Emily Sproch Program Officer | 50 | $160,000 | |
James Hirschfeld Program Officer | 50 | $135,000 | |
Kimberleigh Costanzo Dir. Of Grants & Pro | 50 | $127,000 | |
Marvin S Rosen Treasurer & Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackrock Financial Management Inc | 12/30/21 | $1,103,274 |
Bny Mellon | 12/30/21 | $254,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $169,360 |
| Dividends & Interest | $7,509,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,641,005 |
| Capital Gain Net Income | $18,960,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,434,986 |
| Total Revenue | $27,754,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,246,423 |
| Pension plans, employee benefits | $432,475 |
| Interest | $0 |
| Taxes | $406,274 |
| Depreciation | $260,440 |
| Occupancy | $83,586 |
| Travel, conferences, and meetings | $22,230 |
| Printing and publications | $6,080 |
| Other expenses | $173,171 |
| Total operating and administrative expenses | $4,203,849 |
| Contributions, gifts, grants paid | $33,462,829 |
| Total expenses and disbursements | $37,666,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,690 |
| Savings and temporary cash investments | $57,342,166 |
| 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 | $33,565 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,950,755 |
| Net Land, buildings, and equipment | $9,763,232 |
| Other assets | $42,782 |
| Total assets | $600,733,170 |
| Accounts payable and accrued expenses | $619,282 |
| Grants payable | $949,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,640,657 |
| Total liabilities | $3,208,939 |
Grants Awarded
Over the last fiscal year, Howard Gilman Foundation Inc has awarded $32,260,550 in support to 534 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $600,000 |
New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $500,000 |
New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $500,000 |
New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $500,000 |
ST LUKE'S CHAMBER ENSEMBLE INC(DBA ORCHESTRA OF ST LUKE'S) PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $500,000 |
New York, NY PURPOSE: FOUNDATION GRANT - DEBT REDUCTION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
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 |