Horace W Goldsmith Foundation
- Assets
- $753.4m
- Revenue
- $24.7m
- Investments
- $723.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1957
- Data as of
- 12/2023
- EIN
- 13-6107758
Organization Overview
Horace W Goldsmith Foundation is located in New York, NY. The organization was established in 1957. 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. Horace W Goldsmith Foundation 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 12/2023, Horace W Goldsmith Foundation generated $24.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $32.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Horace W Goldsmith Foundation has awarded 1,407 individual grants totaling $161,443,348. 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 |
|---|---|---|---|
William A Slaughter Managing Dir. (ceo) | 35 | $175,000 | |
Charles L Slaughter Managing Dir. (cfo & Treasurer) | 25 | $175,000 | |
R James Slaughter Managing Dir. (secretary) | 25 | $175,000 | |
Joseph W Slaughter Director | 3 | $50,000 | |
Hannah M Jocelyn Director | 3 | $50,000 | |
Samuel Slaughter Director | 3 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Condon O'meara Mcginity & Donnelly Llp | 12/30/23 | $60,400 |
Select Equity Group Lp | 12/30/23 | $383,548 |
Jp Morgan Chase Bank Na | 12/30/23 | $58,215 |
Eagle Capital Management | 12/30/23 | $1,121,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $171,917 |
| Dividends & Interest | $8,798,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,217,717 |
| Capital Gain Net Income | $16,423,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,505,855 |
| Total Revenue | $24,693,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $675,000 |
| Other employee salaries and wages | $181,658 |
| Pension plans, employee benefits | $14,416 |
| Interest | $0 |
| Taxes | $943,150 |
| Depreciation | $18,216 |
| Occupancy | $308,357 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,476 |
| Total operating and administrative expenses | $4,030,205 |
| Contributions, gifts, grants paid | $28,054,618 |
| Total expenses and disbursements | $32,084,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,686,804 |
| Net Accounts receivable | $151,021 |
| 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 | $172,049 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $193,576,648 |
| Net Land, buildings, and equipment | $96,671 |
| Other assets | $3,224,353 |
| Total assets | $753,425,740 |
| Accounts payable and accrued expenses | $141,312 |
| Grants payable | $9,017,927 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,966,279 |
| Other liabilities | $2,515,618 |
| Total liabilities | $14,641,136 |
Grants Awarded
Over the last fiscal year, Horace W Goldsmith Foundation has awarded $40,935,260 in support to 346 organizations.
| Grant Recipient | Amount |
|---|---|
52ND STREET PROJECT PURPOSE: GENERAL OPERATIONS | $30,000 |
826 VALENCIA PURPOSE: GENERAL OPERATIONS | $100,000 |
A BREEZE OF HOPE FOUNDATION PURPOSE: GENERAL OPERATIONS | $10,000 |
ABORTION LIBERATION FUND OF PENNSYLVANIA PURPOSE: GENERAL OPERATIONS | $30,000 |
ACADEMY OF VOCAL ARTS PURPOSE: GENERAL OPERATIONS | $25,000 |
ALL WE CAN SAVE PROJECT (FS MULTIPLIER) PURPOSE: GENERAL OPERATIONS | $10,000 |