Volcker Family Foundation Inc
- Assets
- $26.0m
- Revenue
- $394.1k
- Investments
- $25.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 13-3917327
Organization Overview
Volcker Family Foundation Inc is located in New York, NY. The organization was established in 1998. 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. Volcker Family 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 12/2023, Volcker Family Foundation Inc generated $394.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anke M Dening-Volcker President | 0.5 | $0 | |
Anthony J Dowd Secretary And Treasurer | 1 | $0 | |
Ernesto V Luzzatto Assistant Secretary And Treasurer | 1 | $0 | |
James P Volcker Director | 0.5 | $0 | |
Janice Volcker Zima Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $149,612 |
| Dividends & Interest | $531,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$328,695 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,682 |
| Total Revenue | $394,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,002 |
| Total operating and administrative expenses | $144,935 |
| Contributions, gifts, grants paid | $880,000 |
| Total expenses and disbursements | $1,024,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,603 |
| Savings and temporary cash investments | $266,500 |
| 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 | $6,033,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,037,528 |
| 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, Volcker Family Foundation Inc has awarded $880,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE VOLCKER ALLIANCE PURPOSE: FOR SUPPORT OF THE PAUL A. VOLCKER FUND | $850,000 |
ISLES INC PURPOSE: TO ASSIST THE START UP OF THE SOCIAL NONPROFIT CENTER | $30,000 |