I T Hirschl Charitable Tr
- Assets
- $31.6m
- Revenue
- $1.1m
- Investments
- $31.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1972
- Data as of
- 12/2022
- EIN
- 13-6356381
Organization Overview
I T Hirschl Charitable Tr is located in New York, NY. The organization was established in 1972. 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. I T Hirschl Charitable Tr 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, I T Hirschl Charitable Tr generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, I T Hirschl Charitable Tr has awarded 12 individual grants totaling $4,610,000. 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 |
|---|---|---|---|
Leo L Schmolka Trustee | 1 | $50,802 | |
Stephen E Jacobs Trustee | 1 | $50,802 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mclaughlin & Stern Llp | 12/30/22 | $44,942 |
Cannell & Co | 12/30/22 | $285,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $73,397 |
| Dividends & Interest | $733,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $337,785 |
| Capital Gain Net Income | $337,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,144,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,604 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $472,821 |
| Contributions, gifts, grants paid | $2,420,000 |
| Total expenses and disbursements | $2,892,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,009 |
| 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 | $0 |
| Total assets | $31,576,398 |
| 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, I T Hirschl Charitable Tr has awarded $2,420,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: CHARITABLE | $450,000 |
TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: CHARITABLE | $450,000 |
WEILL MEDICAL COLLEGE-CORNELL UNIV PURPOSE: CHARITABLE | $450,000 |
ICAHN SCHOOL OF MEDICINE - MT SINAI PURPOSE: CHARITABLE | $450,000 |
NYU SCHOOL OF MEDICINE PURPOSE: CHARITABLE | $450,000 |
ROCKEFELLER UNIVERSITY PURPOSE: CHARITABLE | $170,000 |