Rita Allen Foundation
- Assets
- $183.1m
- Revenue
- $6.7m
- Investments
- $174.1m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1956
- Data as of
- 12/2019
- EIN
- 13-6116429
Organization Overview
Rita Allen Foundation is located in Princeton, NJ. The organization was established in 1956. 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.
For the year ending 12/2019, Rita Allen Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $9.4m during the year ending 12/2019. While expenses have increased by 1.6% per year over the past 2 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 2019, Rita Allen Foundation has awarded 134 individual grants totaling $6,389,935. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RITA ALLEN FOUNDATION INVESTS IN EMERGING IDEAS IN SCIENCE, SOCIAL INNOVATION, AND INFORMED CIVIC ENGAGEMENT. THE FOUNDATION WORKS WITH GRANT RECIPIENTS TO BUILD CAPACITY BEYOND FINANCIAL SUPPORT, INCLUDING PROVIDING VALUE-ADDED ACTIVITIES THROUGH CONFERENCES, PUBLISHING, AND CONTRIBUTING TO RESEARCH TO HELP GUIDE THE WORK OF EMERGING LEADERS AND ORGANIZATIONS, AS WELL AS OFFERING TECHNICAL ASSISTANCE FOR GRANT RECIPIENTS. IN 2019, THE FOUNDATION HOSTED A CONFERENCE OF CURRENT RITA ALLEN FOUNDATION SCHOLARS FOCUSING ON SHARING THEIR SCIENTIFIC RESEARCH IN CANCER, IMMUNOLOGY, NEUROSCIENCE, AND PAIN, AS WELL AS LEARNING ABOUT NEW DEVELOPMENTS IN THE BROADER FIELD OF BIOMEDICAL RESEARCH. WE ALSO BEGAN PREPARATIONS FOR ADDITIONAL CAPACITY-BUILDING ACTIVITIES FOR CURRENT SCHOLARS IN 2020, FOCUSING ON TOPICS IDENTIFIED BY THE SCHOLARS AS BEING INFLUENTIAL IN SUPPORTING THEIR DEVELOPMENT AS LEADERS IN THEIR FIELDS.
THE RITA ALLEN FOUNDATION IS COMMITTED TO DEVELOPING THE KNOWLEDGE AND COLLABORATION OF THE PHILANTHROPIC SECTOR AND THE FIELDS IN WHICH IT WORKS IN ORDER TO BETTER ADDRESS COMPLEX PROBLEMS. IN 2019, THE FOUNDATION CONDUCTED RESEARCH ON THE INTERACTION BETWEEN SCIENCE, TECHNOLOGY, MEDIA, PHILANTHROPY, AND CIVIL SOCIETY. THIS RESEARCH WAS SHARED VIA A FIELD NEWSLETTER, AN ARTICLE PUBLISHED IN THE CHRONICLE OF PHILANTHROPY, A REPORT FOR PHILANTHROPIC PEERS, AND PARTICIPATION IN MEETINGS CONVENED WITH THE NATIONAL ACADEMY OF SCIENCES AND OTHER PARTNERS. IN 2019, THE FOUNDATION ALSO INITIATED A COHORT OF FELLOWS TO SUPPORT EFFECTIVE SCIENCE COMMUNICATION, AND DEVELOPED WEBINARS, BRIEFING PAPERS, RESOURCE COLLECTIONS, AND CONVENINGS FOR THE FELLOWS. IN ADDITION, THE FOUNDATION PARTICIPATED IN COLLABORATIVE EFFORTS AMONG FUNDERS TO DEVELOP COORDINATION IN PHILANTHROPY SUPPORTING SCIENCE, INFORMED CIVIC PARTICIPATION, AND A SOCIAL SECTOR RESPONSIVE TO PEOPLE ON THE GROUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth G Christopherson Director, President, CEO | 40 | $455,134 | |
Jonathan A Kartt Program And Evaluati | 40 | $194,785 | |
Kari A Williams Finance, Treasurer | 25 | $151,822 | |
Barbara J Natalizio Science Programs Adm | 40 | $112,757 | |
Katherine Belyi Communications, Knowledge, Secretary | 25 | $101,500 | |
Fatu J Badiane Markey Communications | 40 | $77,247 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Advisory Management Llc | 12/30/19 | $226,239 |
New Providence Asset Management Lp | 12/30/19 | $477,770 |
Reinhart Partners Inc | 12/30/19 | $87,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100,525 |
| Dividends & Interest | $2,188,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,894,190 |
| Capital Gain Net Income | $3,548,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $504,760 |
| Total Revenue | $6,688,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $726,456 |
| Other employee salaries and wages | $535,153 |
| Pension plans, employee benefits | $312,055 |
| Interest | $0 |
| Taxes | $190,873 |
| Depreciation | $0 |
| Occupancy | $106,419 |
| Travel, conferences, and meetings | $49,572 |
| Printing and publications | $0 |
| Other expenses | $462,608 |
| Total operating and administrative expenses | $3,557,984 |
| Contributions, gifts, grants paid | $5,864,935 |
| Total expenses and disbursements | $9,422,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,337 |
| Savings and temporary cash investments | $9,011,768 |
| 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 | $70,968,319 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,053 |
| Total assets | $183,115,178 |
| 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, Rita Allen Foundation has awarded $6,389,935 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FUND FOR SHARED INSIGHT | $250,000 |
Waltham, MA PURPOSE: GENERAL OPERATING PURPOSES | $170,000 |
THE CONVERSATION US INC PURPOSE: STRENGHTENING SCIENCE JOURNALISM AND PARTNERSHIPS | $125,000 |
New York, NY PURPOSE: INCREASING THE DIVERSITY OF SOLUTIONS JOURNALISM NETWORK'S NEWSROOM BASE(PYMT 2 OF 2) | $125,000 |
UT SOUTHWESTERN MEDICAL CENTER PURPOSE: SCHOGGINS, JOHN 2015 SCHOLAR | $110,000 |
Pasadena, CA PURPOSE: JOSEPH PARKER 2018 MILTON CASSEL SCHOLAR | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Margaret And Daniel Loeb Foundation New York, NY | $63,231,197 | $9,342,387 |
Sue & Edgar Wachenheim Foundation Purchase, NY | $0 | $25,553,033 |
New York Life Foundation New York, NY | $194,121,298 | $9,264,381 |
Vital Projects Fund Inc New York, NY | $357,141,423 | $10,695,571 |
Beth And Ravenel Curry Foundation New York, NY | $461,460,133 | $44,744,046 |
Russell Berrie Foundation Teaneck, NJ | $197,426,949 | $5,105,287 |
John R Oishei Foundation Buffalo, NY | $284,851,844 | $23,654,216 |
Mt Cuba Center Inc Hockessin, DE | $339,722,007 | $15,326,196 |
John Simon Guggenhein Memorial Foundation New York, NY | $316,705,094 | $57,372,802 |
Jack Buncher Foundation Pittsburgh, PA | $0 | $17,331,940 |
Moore Charitable Foundation Inc New York, NY | $354,672,426 | $57,420,372 |
Altman Foundation New York, NY | $269,531,252 | $22,594,992 |