Pfizer Foundation Inc
- Assets
- $303.7m
- Revenue
- $59.2m
- Investments
- $250.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 13-6083839
Organization Overview
Pfizer Foundation Inc is located in New York, NY. The organization was established in 1955. 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. Pfizer 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 12/2021, Pfizer Foundation Inc generated $59.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.4% each year . All expenses for the organization totaled $30.0m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pfizer Foundation Inc has awarded 15,847 individual grants totaling $79,432,438. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING GIFTS PROGRAM - MATCHES THE PERSONAL FINANCIAL CONTRIBUTIONS OF U.S.-BASED PFIZER EMPLOYEES AND BOARD MEMBERS TO ELIGIBLE NONPROFIT CHARITABLE ORGANIZATIONS
COMMUNITY GRANTS - SUPPORTS THOSE AFFECTED BY A CATASTROPHE OR DISASTER AND FOR THE BETTERMENT OF COMMUNITY.
VOLUNTEER PROGRAM - SUPPORTS PROJECTS AT NONPROFIT ORGANIZATIONS IN WHICH A PFIZER EMPLOYEE VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank D'amelio Director | 3 | $0 | |
Albert Bourla Ex-Officio | 3 | $0 | |
John Young Director | 3 | $0 | |
Caroline Roan President | 4 | $0 | |
Angela Hwang Director | 3 | $0 | |
William C Steere Jr Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp | 12/30/21 | $63,900 |
Northern Trust | 12/30/21 | $190,934 |
Simpson Thacher & Bartlett Llp | 12/30/21 | $84,334 |
Benevity Inc | 12/30/21 | $445,532 |
American Online Giving Foundation | 12/30/21 | $67,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,475,613 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,717,796 |
| Capital Gain Net Income | $8,318,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,207,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,083,593 |
| Contributions, gifts, grants paid | $27,873,862 |
| Total expenses and disbursements | $29,957,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,212,916 |
| Net Accounts receivable | $446 |
| 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 | $3,266,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $303,701,926 |
| Accounts payable and accrued expenses | $3,062,619 |
| 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 | $987,638 |
| Total liabilities | $4,050,257 |
Grants Awarded
Over the last fiscal year, Pfizer Foundation Inc has awarded $27,959,202 in support to 15,632 organizations.
| Grant Recipient | Amount |
|---|---|
Cold Spring Harbor, NY PURPOSE: PFIZER TEACHING LABORATORY AT THE DNA LEARNING CENTER NYC | $1,000,000 |
WORLD VISION PURPOSE: INFECTIOUS DISEASE PROJECT IN UGANDA | $1,000,000 |
Washington, DC PURPOSE: COVID 19 RESPONSE | $1,000,000 |
New York, NY PURPOSE: INFECTIOUS DISEASE PROJECT IN NIGERIA | $1,000,000 |
Seattle, WA PURPOSE: INFECTIOUS DISEASE PROJECT IN GHANA | $1,000,000 |
CARE PURPOSE: INFECTIOUS DISEASE PROJECT IN NIGERIA | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |