Liz Claiborne & Art Ortenberg Foundation
- Assets
- $208.4m
- Revenue
- $11.3m
- Investments
- $200.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1985
- Data as of
- 12/2020
- EIN
- 13-3200329
Organization Overview
Liz Claiborne & Art Ortenberg Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liz Claiborne & Art Ortenberg 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 12/2020, Liz Claiborne & Art Ortenberg Foundation generated $11.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.4%) each year. All expenses for the organization totaled $8.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Liz Claiborne & Art Ortenberg Foundation has awarded 302 individual grants totaling $25,582,445. 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 |
|---|---|---|---|
Kent W Wommack Executive Director | 40 | $317,000 | |
Lillian Cheng Program Officer | 40 | $155,000 | |
Victor Kovner Trustee | 8 | $83,333 | |
Lorraine Cohen Program & Admin Coor | 40 | $83,250 | |
Aria Elouise Gozo Isberto Program Associate | 40 | $83,250 | |
Alison Richard Trustee | 6 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $501,929 |
Seabridge Investment Advisors | 12/30/21 | $498,247 |
Weissman Consulting Services | 12/30/21 | $57,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,848 |
| Dividends & Interest | $4,983,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,293,668 |
| Capital Gain Net Income | $6,283,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,048 |
| Total Revenue | $11,296,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $255,833 |
| Other employee salaries and wages | $570,391 |
| Pension plans, employee benefits | $183,214 |
| Interest | $315 |
| Taxes | $153,553 |
| Depreciation | $0 |
| Occupancy | $102,399 |
| Travel, conferences, and meetings | $19,953 |
| Printing and publications | $25 |
| Other expenses | $41,061 |
| Total operating and administrative expenses | $2,441,974 |
| Contributions, gifts, grants paid | $5,667,430 |
| Total expenses and disbursements | $8,109,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,876,928 |
| 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 | $11,854,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $208,358,667 |
| 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, Liz Claiborne & Art Ortenberg Foundation has awarded $7,375,324 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
HEART OF THE ROCKIES PURPOSE: KEEP IT CONNECTED INITIATIVE | $1,000,000 |
Austin, TX PURPOSE: ARGENTINA: REWILDING ARGENTINA (YRS 2 & 3 ($200K IN 2022 & 2023)) | $400,000 |
MALIASILI INITIATIVES PURPOSE: MAASAI LANDSCAPE CONSERVATION FUND (YR 3 OF 3) | $333,334 |
Boulder, CO PURPOSE: KENYA: AMBOSELI CONSERVATION PROGRAM (YRS 3 & 4 OF 4) | $330,000 |
Bronx, NY PURPOSE: MONTANA: IINNII INITIATIVE | $315,000 |
San Francisco, CA PURPOSE: MOZAMBIQUE: NIASSA CARNIVORE PROJECT (YRS 2 ($146,840 IN 2022) & 3 ($158,560 IN 2023)) | $305,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |