Starr Foundation
- Assets
- $1.2b
- Revenue
- $115.0m
- Investments
- $1.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1958
- Data as of
- 12/2019
- EIN
- 13-6151545
Organization Overview
Starr Foundation is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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, Starr Foundation generated $115.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $123.2m during the year ending 12/2019. While expenses have increased by 11.4% 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, Starr Foundation has awarded 229 individual grants totaling $251,125,054. 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 |
|---|---|---|---|
Ms Fa Davis President & Director | 35 | $506,584 | |
Ms P Lawrence Vice President | 35 | $207,258 | |
Ms M Livingston Vice President & Corporate Secretary | 35 | $188,882 | |
Ms Y Lukonen Assistant Treasurer | 35 | $170,216 | |
Abigail Opoku-Agyemang Director, Program An | 35 | $79,028 | |
Ms J Renner Assistant Corp. Secretary & Director | 35 | $79,021 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rockefeller & Co Inc | 12/30/19 | $1,352,644 |
Jackson Square Partners | 12/30/19 | $349,201 |
Wellington Global Contrarian Fund | 12/30/19 | $383,907 |
Silchester Intl Value Equity | 12/30/19 | $401,941 |
General Atlantic | 12/30/19 | $387,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,389,094 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,282,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,040,906 |
| Capital Gain Net Income | $75,139,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,323,346 |
| Total Revenue | $115,036,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,151,961 |
| Other employee salaries and wages | $300,098 |
| Pension plans, employee benefits | $466,445 |
| Interest | $0 |
| Taxes | $2,199,595 |
| Depreciation | $90,527 |
| Occupancy | $669,270 |
| Travel, conferences, and meetings | $88,873 |
| Printing and publications | $0 |
| Other expenses | $12,457,096 |
| Total operating and administrative expenses | $21,723,059 |
| Contributions, gifts, grants paid | $101,436,626 |
| Total expenses and disbursements | $123,159,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,621,162 |
| Savings and temporary cash investments | $72,377,740 |
| 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 | $530,038,709 |
| Net Land, buildings, and equipment | $1,366,096 |
| Other assets | $0 |
| Total assets | $1,224,410,899 |
| 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 | $84,038 |
| Total liabilities | $84,038 |
Grants Awarded
Over the last fiscal year, Starr Foundation has awarded $251,125,054 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
WEILL CORNELL MEDICINE PURPOSE: DEAN'S SPECIAL SCHOLARSHIP FUND | $32,000,000 |
WEILL CORNELL MEDICINE PURPOSE: AUGMENT THE C.V. STARR SCHOLARSHIP FUND | $25,000,000 |
WEILL CORNELL MEDICINE PURPOSE: TO AUGMENT MAURICE R. GREENBERG SCHOLARSHIP FUND | $25,000,000 |
New York, NY PURPOSE: TO ENDOW THE MAURICE R. AND CORINNE P. GREENBERG CENTER FOR THE STUDY OF INFLAMMATION, MICROBIOME, AND METABOLISM | $20,000,000 |
New York, NY PURPOSE: TO ESTABLISH THE STARR CENTER FOR COMPUTATIONAL AND QUANTITATIVE SCIENCE | $20,000,000 |
Cambridge, MA PURPOSE: STARR CANCER CONSORTIUM | $10,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $0 | $305,752,749 |
The Bessemer Giving Fund Woodbridge, NJ | $409,066,331 | $210,062,584 |
Starr Foundation New York, NY | $1,224,410,899 | $115,036,092 |
S & G Foundation albany, NY | $1,147,138,007 | $304,610,125 |
Robertson Foundation New York, NY | $0 | $6,750,182 |
Surdna Foundation Inc New York, NY | $997,976,972 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $70,221,503 | $91,386,230 |
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Paul E Singer Foundation New York, NY | $0 | $7,422,166 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $584,180,972 | $20,558,970 |
Foundation For A Just Society New York, NY | $669,006,896 | $96,141,739 |
The Nathan Cummings Foundation Inc New York, NY | $444,315,012 | $24,977,243 |