Winston Foundation Inc
- Assets
- $87.1m
- Revenue
- $3.3m
- Investments
- $87.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1959
- Data as of
- 06/2023
- EIN
- 13-6161672
Organization Overview
Winston Foundation Inc is located in New York, NY. The organization was established in 1959. 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. Winston 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 06/2023, Winston Foundation Inc generated $3.3m 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 (28.9%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Winston Foundation Inc has awarded 454 individual grants totaling $22,434,000. 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 |
|---|---|---|---|
Lauri Levitt Friedland President | 4 | $35,000 | |
Jan Krukowski Treasurer (thru 12/31/22) | 4 | $35,000 | |
Nancy Harrow Treasurer (as Of 01/01/23) | 4 | $0 | |
Barbara Rifkind Secretary | 4 | $26,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Weiss Et Al | 6/29/22 | $180,885 |
Clearbrook Investment Consulting Llc | 6/29/22 | $84,466 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,913 |
| Dividends & Interest | $1,704,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,478,443 |
| Capital Gain Net Income | $1,487,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,055 |
| Total Revenue | $3,254,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $257,638 |
| Total operating and administrative expenses | $918,686 |
| Contributions, gifts, grants paid | $4,800,000 |
| Total expenses and disbursements | $5,718,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,777 |
| 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 | $86,973,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $87,129,879 |
| Accounts payable and accrued expenses | $70,060 |
| 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 | $35,269 |
| Total liabilities | $105,329 |
Grants Awarded
Over the last fiscal year, Winston Foundation Inc has awarded $4,800,000 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER CHANCE AT WESTPORT PURPOSE: GENERAL PURPOSES | $5,000 |
ACLU FOUNDATION PURPOSE: CIVIL RIGHTS ADVOCACY AND DEFENSE FOR IMMIGRANTS | $130,000 |
ADAPTIVE TRAINING FOUNDATION PURPOSE: GENERAL PURPOSES | $9,000 |
ALLIANCE FOR JUSTICE PURPOSE: GENERAL PURPOSES | $70,000 |
AMERICAN BALLET THEATRE PURPOSE: GENERAL PURPOSES | $25,000 |
AMERICAN FOUNDATION FOR THE BLIND PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |