Van Ameringen Foundation Inc
- Assets
- $100.6m
- Revenue
- $7.0m
- Investments
- $93.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1953
- Data as of
- 12/2020
- EIN
- 13-6125699
Organization Overview
Van Ameringen Foundation Inc is located in New York, NY. The organization was established in 1953. 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. Van Ameringen 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 12/2020, Van Ameringen Foundation Inc generated $7.0m 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 (4.8%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Van Ameringen Foundation Inc has awarded 591 individual grants totaling $46,409,000. 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 |
|---|---|---|---|
Hugh Hogan Executive Director | 40 | $266,000 | |
Alexandra Herzan Director | 1 | $0 | |
Valerie Kind-Rubin Director | 1 | $0 | |
Christina Kind Director | 1 | $0 | |
Andrew Kindfuller Director | 1 | $0 | |
Clarence J Sundram Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,719,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,285,619 |
| Capital Gain Net Income | $5,286,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,134 |
| Total Revenue | $7,016,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,369 |
| Other employee salaries and wages | $77,308 |
| Pension plans, employee benefits | $87,115 |
| Interest | $5,792 |
| Taxes | $121,648 |
| Depreciation | $13,364 |
| Occupancy | $120,007 |
| Travel, conferences, and meetings | $4,196 |
| Printing and publications | $0 |
| Other expenses | $65,855 |
| Total operating and administrative expenses | $1,312,160 |
| Contributions, gifts, grants paid | $5,033,987 |
| Total expenses and disbursements | $6,346,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,192 |
| Savings and temporary cash investments | $6,835,232 |
| 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 | $10,798 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,302,138 |
| Net Land, buildings, and equipment | $8,708 |
| Other assets | $310,265 |
| Total assets | $100,593,165 |
| Accounts payable and accrued expenses | $51,852 |
| Grants payable | $4,593,650 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $375,188 |
| Total liabilities | $5,020,690 |
Grants Awarded
Over the last fiscal year, Van Ameringen Foundation Inc has awarded $19,078,000 in support to 210 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: RENEWED SUPPORT FOR A CAMPAIGN TO DIVERT PEOPLE WITH MENTAL ILLNESS FROM THE CRIMINAL JUSTICE SYSTEM, AND TO END NEW YORK STATE HOLDING MENTALLY ILL PEOPLE IN PRISON PAST THEIR SENTENCES. | $300,000 |
Brooklyn, NY PURPOSE: SUPPORT FOR A MENTAL HEALTH CHART REVIEW PROJECT AND ADVOCACY CAMPAIGN TO REFORM PROFOUND FLAWS IN THE NY STATE PRISON SYSTEMS APPROACH TO MENTAL HEALTH. | $300,000 |
New York, NY PURPOSE: FOR RENEWED SUPPORT OF THE ACLUS NATIONAL PRISON PROJECT AND EFFORTS TO ADVANCE THE RIGHTS OF PRISONERS WITH MENTAL ILLNESS. | $300,000 |
LEGAL ACTION CENTER PURPOSE: RENEWED SUPPORT FOR MENTAL HEALTH PARITY IN NEW YORK STATE, ALONG WITH ENHANCED COMMUNITY-BASED CARE FOR PEOPLE WITH MENTAL ILLNESS AND SUBSTANCE USE DISORDERS. | $300,000 |
STEP UP TO THE PLATE PURPOSE: COVID-19 RELIEF | $250,000 |
UNITED WAY OF GREATER PHILADELPHIA PURPOSE: THE PROMISE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |