Abby S And Howard P Milstein Foundation
- Assets
- $589.2k
- Revenue
- $2.9m
- Investments
- $328.7k
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 13-3921824
Organization Overview
Abby S And Howard P Milstein Foundation is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Abby S And Howard P Milstein 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 12/2023, Abby S And Howard P Milstein Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Abby S And Howard P Milstein Foundation has awarded 111 individual grants totaling $43,571,136. 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 |
|---|---|---|---|
Howard P Milstein Trustee | 0 | $0 | |
Abby S Milstein Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,859,372 |
| Interest on Savings | $1,392 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$305 |
| Total Revenue | $2,860,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,227 |
| Total operating and administrative expenses | $1,230 |
| Contributions, gifts, grants paid | $2,761,870 |
| Total expenses and disbursements | $2,763,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $260,450 |
| 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 | $28,718 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $589,168 |
| 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, Abby S And Howard P Milstein Foundation has awarded $2,761,870 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WEILL CORNELL MEDICAL CENTER PURPOSE: IRC SEC. 501(C)(3) ORG. | $711,460 |
TANENBAUM CENTER FOR INTERRELIGIOUS UNDERSTANDING PURPOSE: IRC SEC. 501(C)(3) ORG.IRC SEC. 501(C)(3) ORG. | $6,435 |
THE NY PUBLIC LIBRARY PURPOSE: IRC SEC. 501(C)(3) ORG. | $800,000 |
CORNELL UNIVERSITY PURPOSE: IRC SEC. 501(C)(3) ORG. | $1,099,582 |
PBS FOUNDATION PURPOSE: IRC SEC. 501(C)(3) ORG. | $120,000 |
ROYAL COLLEGE OF MUSIC PURPOSE: IRC SEC. 501(C)(3) ORG. | $24,393 |