New York Hospital Cornell Medical Center Fund Inc

Organization Overview

New York Hospital Cornell Medical Center Fund Inc is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Hospital Cornell Medical Center 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 06/2022, New York Hospital Cornell Medical Center Fund Inc generated $20.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, New York Hospital Cornell Medical Center Fund Inc has awarded 18 individual grants totaling $76,014,193. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND CONTRIBUTIONS FOR THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY


SUPPORT OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL


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Board, Officers & Key Employees

Name (title)Compensation
John S Weinberg
President
$0
Robert S Harrison
Vice President
$0
Andrew H Tisch
Vice President
$0
Steven O Newhouse
Vice President
$0
Kathleen M Burke
Secretary
$0
Edward C Walsh
Assistant Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$162,122
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$162,122
Total Program Service Revenue$0
Investment income $864,597
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $19,884,846
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,911,565

Grants Awarded

Over the last fiscal year, New York Hospital Cornell Medical Center Fund Inc has awarded $7,216,792 in support to 2 organizations.

Grant RecipientAmount

WEILL MEDICAL COLLEGE OF CORNELL UNIV

PURPOSE: PROGRAM SERVICES EXP

$4,877,022

THE SOCIETY OF THE NY PRESBYTERIAN HOSPITAL

Org PageRecipient Profile

New York, NY

PURPOSE: PROGRAM SERVICES EXP

$2,339,770
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that New York Hospital Cornell Medical Center Fund Inc has recieved totaling $954,100.

Awarding OrganizationAmount
Alzheimers Disease Research Foundation

Wellesley Hills, MA

PURPOSE: DEVELOPMENT OF HUMAN CGAS INHIBITORS TO TREAT ALZHEIMER'S DISEASE

$250,000
Alzheimers Disease Research Foundation

Wellesley Hills, MA

PURPOSE: ROLE OF MICROGLIA IN DEGRADATION AND TRIMMING OF ALZHEIMER'S AMYLOID BETA

$172,500
Alzheimers Disease Research Foundation

Wellesley Hills, MA

PURPOSE: BRAIN ENTRY AND EXIT CONSORTIUM: LYMPHATICS AND CNS FLUID HOMEOSTASIS

$172,500
$105,000
Ty Louis Campbell Foundation Inc

Carmel, NY

PURPOSE: TO SUPPORT THE CHILDREN'S BRAIN TUMOR PROJECT GOAL TO BRING HOPE TO THE HUNDREDS OF PATIENTS AND FAMILIES EACH YEAR WHO CONFRONT THESE HEARTBREAKING DIAGNOSES. THE GROUNDBREAKING RESEARCH INITIATIVE FOCUSES ON RESEARCHING AND TESTING ALTERNATIVE THERAPEUTIC DELIVERY SYSTEMS FOR OTHER INOPERABLE BRAIN CANCERS, SUCH AS DIPG.

$102,500
$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$247,203,165
Earnings-$2,546,965
Admin Expense$124,019
Net Contributions$162,122
Grants$7,216,792
Ending Balance$237,477,511

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