The Zegar Family Foundation
- Assets
- $255.8m
- Revenue
- $35.4m
- Investments
- $243.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 13-7548507
Organization Overview
The Zegar Family Foundation is located in New York, NY. The organization was established in 2007. 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. Zegar 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 12/2021, Zegar Family Foundation generated $35.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $19.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zegar Family Foundation has awarded 273 individual grants totaling $63,488,975. 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 |
|---|---|---|---|
Charles M Zegar Trustee/financial Director | 10 | $0 | |
Merryl Snow Zegar Trustee/managing Director | 30 | $0 | |
Lan Thi Pham Chief Operating Officer | 40 | $230,764 | |
Bruce Dennis Program Director & C | 40 | $248,282 | |
Carlos Delos Reyes Fin. Dir. Of Grants | 40 | $203,227 | |
Steven Kelly Staff Attorney | 40 | $192,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geller Advisors Llc | 12/30/22 | $448,164 |
Charles Schwab & Co Inc | 12/30/22 | $117,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,083,209 |
| Interest on Savings | $419 |
| Dividends & Interest | $5,300,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,656,161 |
| Capital Gain Net Income | $14,323,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $390,282 |
| Total Revenue | $35,430,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $201,746 |
| Other employee salaries and wages | $715,517 |
| Pension plans, employee benefits | $325,224 |
| Interest | $0 |
| Taxes | $207,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,372 |
| Printing and publications | $0 |
| Other expenses | $1,062,604 |
| Total operating and administrative expenses | $3,071,943 |
| Contributions, gifts, grants paid | $16,308,245 |
| Total expenses and disbursements | $19,380,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,889 |
| Savings and temporary cash investments | $12,280,193 |
| 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 | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $7,335,921 |
| Investments—other | $22,253,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,794,688 |
| 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, The Zegar Family Foundation has awarded $20,016,440 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN WOMEN RISING PURPOSE: GENERAL PURPOSE CONTRIBUTION | $170,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: GENERAL PURPOSE CONTRIBUTION | $350,000 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: GENERAL PURPOSE CONTRIBUTION | $75,000 |
ARBOR BROTHERS INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $150,000 |
BARD COLLEGE PURPOSE: GENERAL PURPOSE CONTRIBUTION | $50,000 |
CAMPAIGN LEGAL CENTER INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $100,000 |