The Laurie M Tisch Foundation Inc
- Assets
- $267.5m
- Revenue
- $66.5m
- Investments
- $212.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 13-3693585
Organization Overview
The Laurie M Tisch Foundation Inc is located in New York, NY. The organization was established in 1993. 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. Laurie M Tisch 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 12/2022, Laurie M Tisch Foundation Inc generated $66.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $11.6m during the year ending 12/2022. While expenses have increased by 17.8% 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, Laurie M Tisch Foundation Inc has awarded 276 individual grants totaling $26,628,194. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie M Tisch President, Chief Executive | 40 | $0 | |
Richard E Luftglass Executive Dir, Secretary | 40 | $527,675 | |
Barry L Bloom Treasurer | 1 | $0 | |
Alan H Hirschfeld Vice President | 1 | $0 | |
Emily T Sussman Executive Vice President | 1 | $0 | |
Carolyn T Blodgett Executive Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marquand Books Inc | 12/30/22 | $94,275 |
Rothschild & Associates | 12/30/22 | $111,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,412,500 |
| Interest on Savings | $403,942 |
| Dividends & Interest | $3,807,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,772,919 |
| Capital Gain Net Income | $7,772,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,608 |
| Total Revenue | $66,501,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $527,675 |
| Other employee salaries and wages | $211,953 |
| Pension plans, employee benefits | $153,799 |
| Interest | $7,345 |
| Taxes | $355,287 |
| Depreciation | $18,971 |
| Occupancy | $290,625 |
| Travel, conferences, and meetings | $126,362 |
| Printing and publications | $17,043 |
| Other expenses | $812,409 |
| Total operating and administrative expenses | $2,823,652 |
| Contributions, gifts, grants paid | $8,778,638 |
| Total expenses and disbursements | $11,602,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,903,321 |
| 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 | $20,250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,036,105 |
| Net Land, buildings, and equipment | $325,018 |
| Other assets | $7,039,186 |
| Total assets | $267,485,551 |
| 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, The Laurie M Tisch Foundation Inc has awarded $8,778,638 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION (CARINGKIND) PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $34,075 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $25,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $25,000 |
AMERICAN INSTITUTE FOR STUTTERING PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $50,000 |
ART THERAPY PROJECT CORPORATION (TATP) PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $50,000 |
ART START PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $40,000 |