The Carol A Ammon Foundation
- Assets
- $10.1m
- Revenue
- $6.1m
- Investments
- $1.2m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-2029151
Organization Overview
The Carol A Ammon Foundation is located in Albany, NY. The organization was established in 2005. 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. Carol A Ammon 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, Carol A Ammon Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $17.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carol A Ammon Foundation has awarded 43 individual grants totaling $25,315,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie E Pinizzotto Ceo/exec. Director | 1 | $82,036 | |
Ashley DE Simone Director | 1 | $0 | |
Carol A Ammon President/dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $762 |
| Dividends & Interest | $287,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,805,656 |
| Capital Gain Net Income | $5,805,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,916 |
| Total Revenue | $6,097,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,036 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,164 |
| Total operating and administrative expenses | $284,372 |
| Contributions, gifts, grants paid | $16,835,000 |
| Total expenses and disbursements | $17,119,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,921,625 |
| 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 | $1,166,844 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,088,469 |
| 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 Carol A Ammon Foundation has awarded $16,835,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: GENERAL PURPOSE | $14,200,000 |
Philadelphia, PA PURPOSE: GENERAL PURPOSE | $1,200,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: GENERAL PURPOSE | $575,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: GENERAL PURPOSE | $450,000 |
NYU LANGONE HEATH PURPOSE: GENERAL PURPOSE | $200,000 |
ST JOHN'S UNIVERSITY PURPOSE: GENERAL PURPOSE | $100,000 |
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 |