Novartis Us Foundation
- Assets
- $11.0m
- Revenue
- $6.8m
- Investments
- $8.5m
- Employees
- 0
- Location
- East Hanover, NJ
- Founding
- 01/1966
- Data as of
- 12/2021
- EIN
- 13-6193034
Organization Overview
Novartis Us Foundation is located in East Hanover, NJ. The organization was established in 1966. 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. Novartis Us 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 12/2021, Novartis Us Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $11.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Novartis Us Foundation has awarded 28 individual grants totaling $28,044,803. 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 |
|---|---|---|---|
Tracy Furey President/trustee | 0 | $0 | |
David Hellmuth Secretary | 0 | $0 | |
Katherine Vazquez Treasurer/trustee | 0 | $0 | |
Ashley Atkins Manager | 0 | $0 | |
Stephen Petty Assistant Treasurer | 0 | $0 | |
Dorothy Stenrud Assistant Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,250,221 |
| Interest on Savings | $245 |
| Dividends & Interest | $380,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,149,039 |
| Capital Gain Net Income | $5,149,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,780,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $219,739 |
| Total operating and administrative expenses | $317,889 |
| Contributions, gifts, grants paid | $11,604,941 |
| Total expenses and disbursements | $11,922,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,494,692 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,343 |
| Total assets | $11,019,681 |
| Accounts payable and accrued expenses | $494,553 |
| Grants payable | $8,303,323 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,709 |
| Total liabilities | $8,809,585 |
Grants Awarded
Over the last fiscal year, Novartis Us Foundation has awarded $11,604,941 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THURGOOD MARSHALL COLLEGE FUND PURPOSE: GENERAL OPERATING - SCHOLARSHIP PROGRAM FOR STEM STUDENTS | $6,423,278 |
MATCHING GIFTS PURPOSE: MATCHING GIFT PROGRAMS ARE TO SUPPORT EDUCATIONAL TAX EXEMPT 501(C)(3) ORGANIZATIONS OR SCHOOLS WITH AVALID NCES CODE. AREAS OF ELIGIBLE ORGANIZATIONS INCLUDE BUT ARE NOT LIMITED TO HEALTH AND HUMAN SERVICES,EDUCATION, ARTS AND CULTURE, ENVIRONMENT, ANIMAL WELFARE, AND CIVIC AND COMMUNITY. | $2,752,029 |
Atlanta, GA PURPOSE: GENERAL OPERATING - SCHOLARSHIP PROGRAM FOR IMPROVEMENT OF HEALTH AND WELL-BEING OF INDIVIDUALS AND COMMUNITITES, INCREASE THE DIVERSITY OF THE HEALTH PROFESSIONAL AND SCIENTIFIC WORKFORCE AND ADDRESS PRIMARY HEALTH CARE THROUGH PROGRAMS IN EDUCATION, RESEARCH AND SERVICE. | $1,218,000 |
Alexandria, VA PURPOSE: GENERAL PURPOSE | $818,900 |
Evanston, IL PURPOSE: 2020-2021 ACADEMIC YEAR SCHOLARSHIP | $165,234 |
AMERICARES PURPOSE: GENERAL PURPOSE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |