Knott Family Foundation
- Assets
- $4.2m
- Revenue
- $3.1m
- Investments
- $1.1m
- Employees
- 0
- Location
- Syosset, NY
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-0495479
Organization Overview
Knott Family Foundation is located in Syosset, NY. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. Knott 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, Knott Family Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.6% each year . All expenses for the organization totaled $367.9k during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Knott Family Foundation has awarded 109 individual grants totaling $3,329,950. 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 |
|---|---|---|---|
David M Knott Jr President And Director | 3 | $0 | |
Virginia Knott Treasurer And Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,644,950 |
| Interest on Savings | $884 |
| Dividends & Interest | $26,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $458,926 |
| Capital Gain Net Income | $458,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,131 |
| Total Revenue | $3,140,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,140 |
| Taxes | $6,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $397 |
| Total operating and administrative expenses | $9,911 |
| Contributions, gifts, grants paid | $358,000 |
| Total expenses and disbursements | $367,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,124,753 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $4,213,020 |
| 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, Knott Family Foundation has awarded $358,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COLD SPRING HARBOR LAB PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
NYAME PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
ST ANDREWS SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
CARON TREATMENT CENTERS PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
FIRST PRESBYERIAN CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Locust Valley, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |