Glenn Greenbeg And Linda Vester Foundation Inc
- Assets
- $172.7m
- Revenue
- $53.2m
- Investments
- $131.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-0405627
The information for the Glenn Greenberg and Linda Vester Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 17 years, following its founding in 2004.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Glenn Greenberg and Linda Vester Foundation Inc's NTEE code is T22. The "T" tells us that the organization is classified as part of Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. Private Independent Foundations are private foundations that make grants based on charitable endowments. They are primarily focused on grantmaking and typically do not actively raise funds or seek public financial support. These foundations are usually endowed by a single individual or family and are considered family foundations if relatives or the original donor are still involved in the foundation's operations. The Glenn Greenberg and Linda Vester Foundation Inc is also classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work according to the IRS.
Grant History
Our dataset includes two years of grant history for the Glenn Greenberg and Linda Vester Foundation Inc. Over these two years, they have awarded a total of 52 grants, with an average check size of $323,846. The organization has a strong focus on education, as they have awarded 13 grants in this sector. They have also made significant contributions to the Mental Health & Crisis Intervention sector with 6 grants, and the Health Care sector with 3 grants. In terms of geographic distribution, the foundation has awarded the highest number of grants in New York (30), followed by Washington (3), Washington D.C. (6), Illinois (3), New Jersey (3), Delaware (3), Connecticut (2), California (1), and Virginia (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Greenberg Dir | 0 | $0 | |
Glenn H Greenberg Secy/treas/dir | 3 | $0 | |
Linda J Vester Pres/dir | 3 | $0 | |
Spencer Greenberg Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,630,669 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,245,259 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,330,278 |
| Capital Gain Net Income | $46,892,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,206,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $791,976 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $791,976 |
| Contributions, gifts, grants paid | $10,680,000 |
| Total expenses and disbursements | $11,471,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,436,037 |
| 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 | $371,133 |
| Total assets | $172,749,179 |
| 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, Glenn Greenbeg And Linda Vester Foundation Inc has awarded $10,680,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Tarrytown, NY PURPOSE: CHARITABLE | $8,000,000 |
WARRIOR SCHOLAR PROJECT PURPOSE: CHARITABLE | $500,000 |
Oakland, CA PURPOSE: CHARITABLE | $300,000 |
Seattle, WA PURPOSE: CHARITABLE | $250,000 |
FREEDOM READS PURPOSE: CHARITABLE | $250,000 |
New York, NY PURPOSE: CHARITABLE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |