Klingstein Third Generation Foundation
- Assets
- $9.1m
- Revenue
- $181.4k
- Investments
- $8.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1993
- Data as of
- 09/2023
- EIN
- 13-3732439
Organization Overview
Klingstein Third Generation Foundation 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. Klingstein Third Generation 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 09/2023, Klingstein Third Generation Foundation generated $181.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $670.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Klingstein Third Generation Foundation has awarded 113 individual grants totaling $2,272,202. 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 |
|---|---|---|---|
Andrew Klingenstein Chairman & CEO | 0.25 | $0 | |
Nancy Simpkins Vice President | 3 | $0 | |
Sarah Martell Trustee | 0.25 | $0 | |
Kathy Klingenstein Trustee | 0.25 | $0 | |
Eliot Brenner Ph D Excecutive Director & Trustee | 5 | $38,756 | |
Thomas Klingenstein Past Treasurer Resigned 8/2023 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $118,050 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,759 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,109 |
| Total Revenue | $181,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,756 |
| Other employee salaries and wages | $66,931 |
| Pension plans, employee benefits | $31,544 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $141,339 |
| Printing and publications | $0 |
| Other expenses | $8,940 |
| Total operating and administrative expenses | $361,249 |
| Contributions, gifts, grants paid | $309,650 |
| Total expenses and disbursements | $670,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,567 |
| Savings and temporary cash investments | $1,158 |
| 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 | $8,927,634 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,066,359 |
| Accounts payable and accrued expenses | $477 |
| 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 | $477 |
Grants Awarded
Over the last fiscal year, Klingstein Third Generation Foundation has awarded $309,650 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA DEPARTMENT OF PSYCHIATRY PURPOSE: MEDICAL SCHOOL PROGRAM | $2,500 |
UNIVERSITY OF ILLINOIS AT CHICAGO PURPOSE: MEDICAL SCHOOL PROGRAM | $2,500 |
ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICA PURPOSE: ACCESS TO CARE RFP | $50,000 |
MEDSTAR HEALTH RESEARCH INSTITUTE PURPOSE: ACCESS TO CARE RFP | $100,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: DEPRESSION FELLOWSHIP | $30,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: DEPRESSION FELLOWSHIP | $30,000 |