Starr Foundation
- Assets
- $1.3b
- Revenue
- $76.8m
- Investments
- $1.2b
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1958
- Data as of
- 12/2023
- 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. Starr 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, Starr Foundation generated $76.8m 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 (7.8%) each year. All expenses for the organization totaled $125.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Starr Foundation has awarded 687 individual grants totaling $817,555,164. 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 |
|---|---|---|---|
Mr Mr Greenberg Board Chairman And Director | 5 | $0 | |
Mrs Cp Greenberg Director | 1 | $0 | |
Ms Fa Davis President & Director Thru 05/21/23 | 35 | $237,793 | |
Ms Courtney O'malley President & Director As Of 08/08/23 | 35 | $144,652 | |
Mr Ee Matthews Director | 1 | $0 | |
Mr Hi Smith Treasurer & Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rfs Opco Llc | 12/30/23 | $1,714,064 |
General Atlantic | 12/30/23 | $698,538 |
Kayne Anderson Capital Advisors Lp | 12/30/23 | $675,695 |
Lazard Asset Management Llc | 12/30/23 | $352,047 |
Neuberger Bergman Investment Advisers Llc | 12/30/23 | $263,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,704,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,111,917 |
| Capital Gain Net Income | $22,690,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,896,486 |
| Total Revenue | $76,763,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,059,059 |
| Other employee salaries and wages | $343,458 |
| Pension plans, employee benefits | $540,192 |
| Interest | $0 |
| Taxes | $2,645,360 |
| Depreciation | $93,021 |
| Occupancy | $681,097 |
| Travel, conferences, and meetings | $42,112 |
| Printing and publications | $0 |
| Other expenses | $18,942,634 |
| Total operating and administrative expenses | $30,282,043 |
| Contributions, gifts, grants paid | $94,991,490 |
| Total expenses and disbursements | $125,273,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,058,442 |
| 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 | $541,257,693 |
| Net Land, buildings, and equipment | $1,348,583 |
| Other assets | $1,076 |
| Total assets | $1,251,907,083 |
| 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, Starr Foundation has awarded $104,815,990 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
ALFRED E SMITH MEMORIAL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ALBERT H SMALL NORMANDY INSTITUTE INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AMERICAN HOSPITAL OF PARIS PURPOSE: CAPITAL CAMPAIGN | $5,000,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: MCCAIN INSTITUTE'S IMPACT FUND | $1,000,000 |
APPEAL OF CONSCIENCE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: MCCAIN INSTITUTE'S GLOBAL LEADERS PROGRAM | $200,000 |