Plm Foundation
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $1.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 13-7105558
Organization Overview
Plm Foundation is located in New York, NY. The organization was established in 1997. 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 itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Plm 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 12/2023, Plm Foundation generated $2.4m 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 (11.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Plm Foundation has awarded 249 individual grants totaling $29,251,864. 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 |
|---|---|---|---|
Cheryl Milstein Trustee | 0 | $0 | |
Philip Milstein Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,152,923 |
| Interest on Savings | $34,817 |
| Dividends & Interest | $34,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $157,512 |
| Capital Gain Net Income | $157,512 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,330 |
| Total Revenue | $2,382,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,025 |
| Taxes | $2,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,214 |
| Total operating and administrative expenses | $31,835 |
| Contributions, gifts, grants paid | $2,189,539 |
| Total expenses and disbursements | $2,221,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,308 |
| Savings and temporary cash investments | $0 |
| 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 | $11,713 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,034,689 |
| 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, Plm Foundation has awarded $2,189,539 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC PURPOSE: PUBLIC CHARITY | $10,000 |
NEW YORK UNIVERSITY PURPOSE: PUBLIC CHARITY | $25,000 |
LINCOLN CENTER FOR THE PERFORMING ARTS INC PURPOSE: PUBLIC CHARITY | $250,000 |
THE JED FOUNDATION PURPOSE: PUBLIC CHARITY | $10,000 |
BARNARD COLLEGE PURPOSE: PUBLIC CHARITY | $1,000,000 |
TOWN OF PALM BEACH UNITED WAY INC PURPOSE: PUBLIC CHARITY | $1,500 |