Susan S & Kenneth Wallach Foundation
- Assets
- $72.9m
- Revenue
- $2.0m
- Investments
- $60.0m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 13-7147899
Organization Overview
Susan S & Kenneth Wallach Foundation is located in Purchase, NY. The organization was established in 1998. 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. Susan S & Kenneth Wallach 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, Susan S & Kenneth Wallach Foundation generated $2.0m 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 (38.7%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Susan S & Kenneth Wallach Foundation has awarded 142 individual grants totaling $9,879,192. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth L Wallach Trustee | 5 | $0 | |
Susan S Wallach Trustee | 5 | $0 | |
Steven Eigen Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenhaven Associates | 12/30/22 | $645,869 |
Brave Warrior | 12/30/22 | $165,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143,226 |
| Dividends & Interest | $1,288,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $554,399 |
| Capital Gain Net Income | $554,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $1,986,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,009 |
| Total operating and administrative expenses | $857,866 |
| Contributions, gifts, grants paid | $3,537,800 |
| Total expenses and disbursements | $4,395,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,894,999 |
| 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 | $72,872,266 |
| 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, Susan S & Kenneth Wallach Foundation has awarded $3,537,800 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: GENERAL PURPOSE | $75,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL PURPOSE | $175,000 |
APERTURE FOUNDATION INC PURPOSE: GENERAL PURPOSE | $3,000 |
BOATHOUSE FOUNDATION INC PURPOSE: GENERAL PURPOSE | $300 |
CARAMOOR CENTER FOR MUSIC AND THE ARTS PURPOSE: GENERAL PURPOSE | $5,000 |
CARNEGIE HILL NEIGHBORS INC PURPOSE: GENERAL PURPOSE | $2,500 |