The Esther A And Joseph Klingenstein Fund Inc
- Assets
- $123.3m
- Revenue
- $3.7m
- Investments
- $122.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1946
- Data as of
- 09/2023
- EIN
- 13-6028788
Organization Overview
The Esther A And Joseph Klingenstein Fund Inc is located in New York, NY. The organization was established in 1946. 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. Esther A And Joseph Klingenstein Fund 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 09/2023, Esther A And Joseph Klingenstein Fund Inc generated $3.7m 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 (5.1%) each year. All expenses for the organization totaled $7.9m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Esther A And Joseph Klingenstein Fund Inc has awarded 85 individual grants totaling $24,384,266. 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 Trustee/ceo | 1 | $0 | |
Nancy K Simpkins Trustee | 10 | $0 | |
Sarah K Martell Secretary/trustee | 0.5 | $0 | |
Julie Klingenstein Trustee | 4 | $0 | |
Alan Klingenstein Trustee | 0.5 | $0 | |
Emma Brownstein Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,555,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,100 |
| Capital Gain Net Income | $134,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $523,353 |
| Total Revenue | $3,683,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $232,537 |
| Other employee salaries and wages | $146,259 |
| Pension plans, employee benefits | $99,540 |
| Interest | $0 |
| Taxes | $108 |
| Depreciation | $108,118 |
| Occupancy | $407,343 |
| Travel, conferences, and meetings | $200,166 |
| Printing and publications | $0 |
| Other expenses | $125,776 |
| Total operating and administrative expenses | $1,587,333 |
| Contributions, gifts, grants paid | $6,281,295 |
| Total expenses and disbursements | $7,868,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,367 |
| Savings and temporary cash investments | $328,280 |
| 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 | $122,076,992 |
| Net Land, buildings, and equipment | $600,493 |
| Other assets | $131,989 |
| Total assets | $123,254,867 |
| 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, The Esther A And Joseph Klingenstein Fund Inc has awarded $6,281,295 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: NEUROSCIENCE | $75,000 |
UNIVERSITY OF WASHINGTON GRANT AND CONTRACT ACCOUN PURPOSE: NEUROSCIENCE | $75,000 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FR PURPOSE: NEUROSCIENCE | $75,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: NEUROSCIENCE | $75,000 |
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: NEUROSCIENCE | $75,000 |
GORDON RESEARCH CONFERENCES PURPOSE: NEUROSCIENCE | $5,000 |