Luesther T Mertz Charitable Tr
- Assets
- $6.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1995
- Data as of
- 11/2021
- EIN
- 13-7049014
Organization Overview
Luesther T Mertz Charitable Tr is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Luesther T Mertz 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 11/2021, Luesther T Mertz Charitable Tr generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $116.1m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Luesther T Mertz Charitable Tr has awarded 103 individual grants totaling $222,462,769. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE MISSION STATEMENT ON PAGE 2, PART III, LINE 1
Describe the Organization's Program Activity:
$114,249,566 IN DISTRIBUTIONS WERE PAID TO 11 OF THE 14 ORGANIZATIONS NAMED IN THE TRUST'S GOVERNING INSTRUMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry E Condon Trustee | Trustee | 40 | $503,020 |
Golden Beckner Trustee | Trustee | 40 | $503,019 |
John J Hoffee Trustee (through 4/20/20) | 40 | $101,510 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blank Rome Llp Legal Services | 11/29/21 | $184,482 |
Mertz Gilmore Foundation Program And Admin Support | 11/29/21 | $143,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,128,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,179,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,249,566 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,006,039 |
| Compensation of current officers, directors, key employees. | $503,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $191,600 |
| Fees for services: Accounting | $43,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,159 |
| Fees for services: Other | $90,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,070,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,082,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $917,328 |
| Total assets | $5,999,424 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,999,424 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,999,424 |
Grants Awarded
Over the last fiscal year, Luesther T Mertz Charitable Tr has awarded $114,249,566 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE NEW YORK BOTANICAL GARDEN, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE NEW YORK BOTANICAL GARDEN. | $31,405,269 |
New York, NY PURPOSE: DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE NEW YORK SHAKESPEARE FESTIVAL, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE NEW YORK SHAKESPEARE FESTIVAL. | $31,405,269 |
Bronx, NY PURPOSE: RENOVATION AND RESTORATION OF THE TULIP TREE ALLEE. LUESTHER T. MERTZ SPECIAL LIBRARY ENDOWMENT; UNRESTRICTED OPERATING EXPENSES DURING FISCAL YEAR 2021 OR THEREAFTER; CAPITAL EXPENSES DURING FISCAL YEAR 2021 OR THEREAFTER FOR THE RENOVATION OF THE EVERETT CHILDREN'S ADVENTURE GARDEN AND/OR THE WORKER'S OPERATIONS CENTER. DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE NEW YORK BOTANICAL GARDEN, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE NEW YORK BOTANICAL GARDEN. HVAC CHILLER EQUIPMENT ENERGY REDUCTION (HCEER) PLAN. | $13,700,000 |
New York, NY PURPOSE: LUESTHER T. MERTZ LEGACY ENDOWMENT; UNRESTRICTED OPERATING EXPENSES DURING FISCAL YEARS 2021-22. SUPPORT FOR FISCAL YEAR 2020-21 SEASON; FREELANCE THEATER MAKER RELIEF PAYMENTS.DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE NEW YORK SHAKESPEARE FESTIVAL, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE NEW YORK SHAKESPEARE FESTIVAL. GENERAL OPERATING SUPPORT DURING FISCAL YEAR 2023. | $13,700,000 |
New York, NY PURPOSE: DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE JOYCE THEATER FOUNDATION, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE JOYCE THEATER FOUNDATION. | $13,260,028 |
New York, NY PURPOSE: THE JOYCE THEATER'S ENDOWMENT; SUPPORT FOR REAL ESTATE OPPORTUNITIES OR UNEXPECTED BUILDING AND OPERATING NEEDS.DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE JOYCE THEATER FOUNDATION, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE JOYCE THEATER FOUNDATION.SUPPORT FOR REAL ESTATE OPPORTUNITIES OR UNEXPECTED BUILDING AND OPERATING NEEDS. | $6,085,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr Roseland, NJ | $109,947,654 | $402,369,249 |
Luesther T Mertz Charitable Tr New York, NY | $5,999,424 | $2,179,114 |
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |