Pershing Square Foundation
- Assets
- $414.7m
- Revenue
- $106.3m
- Investments
- $378.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 20-8068401
Organization Overview
Pershing Square Foundation is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pershing Square 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, Pershing Square Foundation generated $106.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.6% each year . All expenses for the organization totaled $28.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pershing Square Foundation has awarded 266 individual grants totaling $128,241,202. 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 |
|---|---|---|---|
William A Ackman Trustee | 1 | $0 | |
Neri Oxman Trustee | 1 | $0 | |
Andrea Markezin Treasurer | 4 | $0 | |
Olivia Tournay Flatto President | 40 | $392,723 | |
Diana Won Program Director | 40 | $138,248 | |
Christy Hudson Program Director | 40 | $138,985 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Table Management Lp | 12/30/22 | $5,361,543 |
Stonehaven Llc | 12/30/22 | $300,000 |
Sullivan & Cromwell Llp | 12/30/22 | $200,441 |
David M Sabatini | 12/30/22 | $200,000 |
Point Studio Inc | 12/30/22 | $68,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,147,000 |
| Interest on Savings | $576,972 |
| Dividends & Interest | $1,292,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,284,695 |
| Capital Gain Net Income | $92,284,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,984,858 |
| Total Revenue | $106,285,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $390,000 |
| Other employee salaries and wages | $540,483 |
| Pension plans, employee benefits | $211,261 |
| Interest | $38,543 |
| Taxes | $3,186,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $52,931 |
| Printing and publications | $0 |
| Other expenses | $2,340,814 |
| Total operating and administrative expenses | $12,946,930 |
| Contributions, gifts, grants paid | $15,209,389 |
| Total expenses and disbursements | $28,156,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,836,294 |
| 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 | $378,890,368 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $414,726,662 |
| 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, Pershing Square Foundation has awarded $18,214,108 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: PERSHING SQUARE SOHN PRIZE FOR YOUNG INVESTIGATORS IN CANCER RESEARCH | $180,000 |
AMERICAN ALUMNI OF GLASGOW UNIVERSITY INC PURPOSE: SUPPORT FOR THE "BUILDING A NEW GENERATION OF CANCER THERAPIES" PROGRAM | $200,000 |
UNIVERSITY OF OXFORD PURPOSE: SUPPORT FOR THE OXFORD GLOBAL LEADERSHIP CENTRE | $2,354,108 |
CORNELL UNIVERSITY PURPOSE: PERSHING SQUARE SOHN PRIZE FOR YOUNG INVESTIGATORS IN CANCER RESEARCH | $20,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND - FIDELITY DAF PURPOSE: EMERGENCY ASSISTANCE PROGRAMS | $4,000,000 |
FEDERATION OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY PURPOSE: SUPPORT OF THE 2022 CONFERENCE ON CELL SIGNALING IN CANCER FROM MECHANISMS TO THERAPY | $5,000 |