Simons Foundation Inc
- Assets
- $4.5b
- Revenue
- $129.5m
- Investments
- $3.9b
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1995
- Data as of
- 12/2020
- EIN
- 13-3794889
Organization Overview
Simons Foundation Inc is located in New York, NY. The organization was established in 1995. 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. Simons 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, Simons Foundation Inc generated $129.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $538.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Simons Foundation Inc has awarded 4,023 individual grants totaling $1,109,011,979. 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
FLATIRON INSTITUTE - THE FLATIRON INSTITUTE IS AN IN-HOUSE RESEARCH DIVISION OF THE SIMONS FOUNDATION ADVANCING SCIENTIFIC RESEARCH THROUGH COMPUTATIONAL METHODS, INCLUDING DATA ANALYSIS, THEORY, MODELING AND SIMULATION.
SIMONS FOUNDATION AUTISM RESEARCH INITIATIVE - THE SIMONS FOUNDATION AUTISM RESEARCH INITIATIVE SEEKS TO IMPROVE UNDERSTANDING, DIAGNOSIS AND TREATMENT OF AUTISM SPECTRUM DISORDERS BY FUNDING INNOVATIVE RESEARCH OF THE HIGHEST QUALITY AND RELEVANCE.
OUTREACH, EDUCATION AND ENGAGEMENT - OUTREACH, EDUCATION AND ENGAGEMENT INITIATIVES SEEK TO PROVIDE OPPORTUNITIES FOR PEOPLE TO FORGE A CONNECTION TO SCIENCE - WHETHER FOR THE FIRST TIME OR A LIFETIME. THROUGH THE INITIATIVES, THE FOUNDATION WORKS TO INSPIRE A FEELING OF AWE AND WONDER, FOSTER CONNECTIONS BETWEEN PEOPLE AND SCIENCE, AND SUPPORT ENVIRONMENTS THAT PROVIDE A SENSE OF BELONGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Spergel President (as Of 07/21) | 40 | $807,749 | |
Marian Carlson Dir., Life Sciences | 40 | $607,214 | |
Euan Robertson COO | 40 | $553,202 | |
Alex Lash Chief Info. Officer | 40 | $525,397 | |
Louis Reichardt Special Advisor | 40 | $512,852 | |
John Spiro Deputy Scientific Di | 40 | $509,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Euclidean Capital Llc | 12/30/21 | $2,066,171 |
Preventiongenetics Llc | 12/30/21 | $1,313,400 |
Scientific Brands Llc | 12/30/21 | $1,072,570 |
Dna Genotek Inc | 12/30/21 | $1,059,169 |
Msa Security Ltd | 12/30/21 | $1,021,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $144,433 |
| Interest on Savings | $1,241,911 |
| Dividends & Interest | $0 |
| Net Rental Income | -$3,036,374 |
| Net Gain on Sale of Assets | $121,247,725 |
| Capital Gain Net Income | $51,180,234 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $722,805 |
| Total Revenue | $129,477,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,152,460 |
| Other employee salaries and wages | $53,499,721 |
| Pension plans, employee benefits | $16,918,394 |
| Interest | $0 |
| Taxes | $17,675,677 |
| Depreciation | $30,583,630 |
| Occupancy | $21,048,190 |
| Travel, conferences, and meetings | $2,583,580 |
| Printing and publications | $691,734 |
| Other expenses | $32,310,738 |
| Total operating and administrative expenses | $179,287,336 |
| Contributions, gifts, grants paid | $359,624,004 |
| Total expenses and disbursements | $538,911,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,379,473 |
| Savings and temporary cash investments | $57,771,901 |
| Net Accounts receivable | $615,327 |
| 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 | $12,501,728 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,901,228,086 |
| Net Land, buildings, and equipment | $503,494,791 |
| Other assets | $3,708,466 |
| Total assets | $4,513,699,772 |
| Accounts payable and accrued expenses | $5,552,419 |
| Grants payable | $606,838,745 |
| Deferred revenue | $137,453 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $188,637,496 |
| Other liabilities | $171,920,364 |
| Total liabilities | $973,086,477 |
Grants Awarded
Over the last fiscal year, Simons Foundation Inc has awarded $486,281,619 in support to 2,007 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: MFA NEW PLEDGE | $23,300,000 |
New York, NY PURPOSE: NEW YORK GENOME CENTER 2018 "NEW GIFT" | $20,000,000 |
New York, NY PURPOSE: MFA NEW PLEDGE | $19,000,000 |
Stony Brook, NY PURPOSE: STONY BROOK UNIVERSITY PRESIDENTS FUND GIFT | $12,500,000 |
IHES PURPOSE: OPERATING SUPPORT | $12,500,000 |
La Jolla, CA PURPOSE: SIMONS OBSERVATORY | $11,115,491 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simons Foundation Inc has recieved totaling $212,500.
| Awarding Organization | Amount |
|---|---|
Nancy Lurie Marks Family Foundation Wellesley, MA PURPOSE: MEDICAL RESEARCH | $212,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |