William S Paley Foundation Inc
- Assets
- $145.6m
- Revenue
- $39.0m
- Investments
- $99.5m
- Employees
- 0
- Location
- Valhalla, NY
- Founding
- 04/1951
- Data as of
- 12/2022
- EIN
- 13-6085929
Organization Overview
William S Paley Foundation Inc is located in Valhalla, NY. The organization was established in 1951. 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. William S Paley 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 12/2022, William S Paley Foundation Inc generated $39.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $28.9m during the year ending 12/2022. While expenses have increased by 26.4% per year over the past 7 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 2014, William S Paley Foundation Inc has awarded 340 individual grants totaling $95,111,134. 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 |
|---|---|---|---|
Patrick S Gallagher Executive Dir. | 16 | $188,848 | |
Henry A Kissinger Chairman/dir | 1 | $0 | |
William C Paley Vice Pres/dir | 1 | $0 | |
Daniel L Mosley Treas&sec/dir | 1 | $0 | |
Faiza J Saeed Director | 1 | $0 | |
Jacqueline Scalisi Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruane Cunniff & Co | 12/30/22 | $385,760 |
Bencivenga Ward & Company Cpas | 12/30/22 | $126,875 |
Withers Bergman Llp | 12/30/22 | $416,411 |
Guggenheim Asher Associates Inc | 12/30/22 | $804,660 |
Brown Brothers Harriman | 12/30/22 | $152,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,880 |
| Dividends & Interest | $1,406,517 |
| Net Rental Income | $84,173 |
| Net Gain on Sale of Assets | $36,943,748 |
| Capital Gain Net Income | $26,550,748 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$20,967 |
| Total Revenue | $39,042,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $188,848 |
| Other employee salaries and wages | $14,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$71,373 |
| Depreciation | $84,291 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $676,638 |
| Total operating and administrative expenses | $3,915,706 |
| Contributions, gifts, grants paid | $25,004,254 |
| Total expenses and disbursements | $28,919,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,837 |
| Savings and temporary cash investments | $42,935,813 |
| Net Accounts receivable | $233,212 |
| 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 | $112,873 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,374,994 |
| Net Land, buildings, and equipment | $2,338,259 |
| Other assets | $0 |
| Total assets | $145,579,273 |
| Accounts payable and accrued expenses | $810,773 |
| Grants payable | $21,154,018 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $72,714,642 |
| Total liabilities | $94,679,433 |
Grants Awarded
Over the last fiscal year, William S Paley Foundation Inc has awarded $29,511,001 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
THE GREENPARK FOUNDATION PURPOSE: PALEY PARK - PROGRAM SUPPORT | $825,000 |
CLEAN SOBER STREETS INC PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
THE JERUSALEM FOUNDATION PURPOSE: PALEY ART CENTER | $150,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
MADISON SQ BOYS GIRLS CLUB FOUNDATI PURPOSE: HARLEM CLUBHOUSE | $100,000 |
THE MUSEUM OF MODERN ART PURPOSE: GENERAL OPERATING SUPPORT | $110,000 |