Weill Family Foundation
- Assets
- $375.5m
- Revenue
- $8.3m
- Investments
- $262.1m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 09/1967
- Data as of
- 12/2022
- EIN
- 13-6223609
Organization Overview
Weill Family Foundation is located in Albany, NY. The organization was established in 1967. 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. Weill Family 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 12/2022, Weill Family Foundation generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $18.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weill Family Foundation has awarded 111 individual grants totaling $86,852,662. 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 |
|---|---|---|---|
Sanford Weill Chairman, Treas, Dir | 5 | $0 | |
Joan Weill President, Director | 5 | $0 | |
Michael Masin Secretary, Director | 1 | $0 | |
Jessica Bibliowicz Director | 1 | $0 | |
Arthur Mahon Asst Sec, Asst Treas, Director | 1 | $0 | |
Tommy Bibliowicz Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Independent Family Office Llc | 12/30/22 | $106,959 |
Eagle Capital Management | 12/30/22 | $197,120 |
Eagle Capital Management | 12/30/22 | $0 |
Independent Family Office Llc | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $674,819 |
| Dividends & Interest | $3,553,645 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,996,085 |
| Capital Gain Net Income | $6,541,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $110,524 |
| Total Revenue | $8,335,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,838 |
| Taxes | $206,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $330 |
| Other expenses | $402,807 |
| Total operating and administrative expenses | $728,343 |
| Contributions, gifts, grants paid | $18,100,000 |
| Total expenses and disbursements | $18,828,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,443 |
| Savings and temporary cash investments | $84,557,062 |
| 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 | $28,373,831 |
| Total assets | $375,545,398 |
| 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, Weill Family Foundation has awarded $18,100,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: GENERAL CHARITABLE NEEDS | $100,000 |
THE CARNEGIE HALL CORPORATION PURPOSE: GENERAL CHARITABLE NEEDS | $10,000 |
COUNCIL ON FOREIGN RELATIONS PURPOSE: GENERAL CHARITABLE NEEDS | $25,000 |
POINTS OF LIGHT FOUNDATION PURPOSE: GENERAL CHARITABLE NEEDS | $20,000 |
ALVIN AILEY DANCE FOUNDATION INC PURPOSE: GENERAL CHARITABLE NEEDS | $125,000 |
LANG LANG INTERNATIONAL MUSIC FOUNDATION INC PURPOSE: GENERAL CHARITABLE NEEDS | $50,000 |