Thomas L Kempner Jr Foundation Inc
- Assets
- $328.4m
- Revenue
- $44.8m
- Investments
- $321.5m
- Employees
- 0
- Location
- Southampton, NY
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 13-3407819
Organization Overview
Thomas L Kempner Jr Foundation Inc is located in Southampton, NY. The organization was established in 1987. 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. Thomas L Kempner Jr 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 12/2021, Thomas L Kempner Jr Foundation Inc generated $44.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thomas L Kempner Jr Foundation Inc has awarded 66 individual grants totaling $50,463,211. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly R Raub Chief Administrative Officer | 24 | $80,000 | |
Trevor Kempner Director | 0.5 | $0 | |
Thomas N Kempner Director | 0.5 | $0 | |
Katheryn C Patterson Vice Pres/secretary | 0.5 | $0 | |
Jessica S Kempner Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Untracht Early Llc | 12/30/21 | $259,950 |
Cohnreznick Llp | 12/30/21 | $77,600 |
Brave Warrior Capital Inc | 12/30/21 | $80,016 |
Landseer Advisors Llc | 12/30/21 | $210,000 |
Philanthropyio | 12/30/21 | $77,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,008,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,911,167 |
| Capital Gain Net Income | $2,126,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,835,511 |
| Total Revenue | $44,754,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,624 |
| Taxes | $733,291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $159,209 |
| Total operating and administrative expenses | $1,792,193 |
| Contributions, gifts, grants paid | $16,496,043 |
| Total expenses and disbursements | $18,288,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,126 |
| Savings and temporary cash investments | $3,431,042 |
| 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 | $314,980,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,007,778 |
| Total assets | $328,355,645 |
| 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, Thomas L Kempner Jr Foundation Inc has awarded $16,496,043 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FUNDING FOR THE DEVELOPMENT OF A POOL AND ICE RINK FACILITY AT THE HARLEM MEER. | $5,312,000 |
New York, NY PURPOSE: TO SUPPORT THE PEDIATRIC CARDIAC INTENSIVE CARE UNIT. | $4,000,000 |
New York, NY PURPOSE: GENERAL UNRESTRICTED | $3,280,000 |
New York, NY PURPOSE: GILDER CENTER FOR SCIENCE, EDUCATION AND INNOVATION. | $1,000,000 |
New York, NY PURPOSE: GRANT EXCLUSIVELY FOR PROJECT EXPENSES ASSOCIATED WITH THE ESSEX HUDSON GREENWAY. | $855,797 |
New York, NY PURPOSE: FOR COSTS INCURRED IN THE REDESIGN AND RENOVATION OF THE DRAMA DIVISION FACILITIES. | $518,246 |
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 |