Malcolm Gibbs Foundation Inc
- Assets
- $0.0
- Revenue
- $774.4k
- Investments
- $15.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1999
- Data as of
- 01/2021
- EIN
- 13-4041340
Organization Overview
Malcolm Gibbs Foundation Inc is located in New York, NY. The organization was established in 1999. 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. Malcolm Gibbs 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 01/2021, Malcolm Gibbs Foundation Inc generated $774.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $1.2m during the year ending 01/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Malcolm Gibbs Foundation Inc has awarded 539 individual grants totaling $5,286,622. 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 |
|---|---|---|---|
Ann Colin Herbst Chairman | 0 | $0 | |
Laura Colin Klein President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,371 |
| Interest on Savings | $199 |
| Dividends & Interest | $863,225 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,145 |
| Total Revenue | $774,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $28,163 |
| Depreciation | $1,180 |
| Occupancy | $31,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $397 |
| Total operating and administrative expenses | $478,549 |
| Contributions, gifts, grants paid | $682,750 |
| Total expenses and disbursements | $1,161,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $249,750 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Malcolm Gibbs Foundation Inc has awarded $813,992 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
RAILROAD STREET YOUTH PROJECT PURPOSE: GENERAL | $150,000 |
GUTTMAN COMMUNITY COLLEGE PURPOSE: GENERAL | $101,042 |
New York, NY PURPOSE: PSYCHIATRY DEPT. | $85,000 |
SHE SHOULD RUN FOUNDATION PURPOSE: GENERAL | $55,000 |
Southold, NY PURPOSE: GENERAL | $52,500 |
PLANNED PARENTHOOD OF NYC PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |