Pershing Square Foundation
- Assets
- $346.2m
- Revenue
- $346.6m
- Investments
- $345.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2009
- Data as of
- 12/2021
- 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 12/2021, Pershing Square Foundation generated $346.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $66.4m during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 4 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 2020, Pershing Square Foundation has awarded 340 individual grants totaling $143,518,289. 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 |
|---|---|---|---|
Olivia Tournay Flatto President | 40 | $378,012 | |
Christy Barrow Program Manager | 40 | $133,223 | |
Diana Won Program Manager | 40 | $128,868 | |
Glenn Ellington Executive Assistant | 40 | $93,134 | |
Neri Oxman Trustee | 1 | $0 | |
Andrea Markezin Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,729 |
| Dividends & Interest | $481,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $346,155,759 |
| Capital Gain Net Income | $346,155,759 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$46,478 |
| Total Revenue | $346,633,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $376,300 |
| Other employee salaries and wages | $387,592 |
| Pension plans, employee benefits | $156,045 |
| Interest | $14,793 |
| Taxes | $2,879,581 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,870 |
| Printing and publications | $0 |
| Other expenses | $1,476,683 |
| Total operating and administrative expenses | $7,524,640 |
| Contributions, gifts, grants paid | $58,919,441 |
| Total expenses and disbursements | $66,444,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,612 |
| 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 | $344,587,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $346,223,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $500,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500,000 |
Grants Awarded
Over the last fiscal year, Pershing Square Foundation has awarded $76,535,899 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT/ COVID-19 RESEARCH | $20,000,000 |
ROW NEW YORK PURPOSE: TO SUPPORT CONSTRUCTION OF ROW NEW YORK BOATHOUSE AND COMMUNITY LEARNING CENTER | $10,000,000 |
Washington, DC PURPOSE: TO SUPPORT THEDREAM.US SCHOLARSHIPS | $7,500,000 |
THE SHED PURPOSE: PERSHING SQUARE CHALLENGE | $6,000,000 |
Cambridge, MA PURPOSE: PERSHING SQUARE PROFESSORSHIP FOUNDATIONS OF HUMAN BEHAVIOR | $4,000,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pershing Square Foundation New York, NY | $346,223,156 | $346,633,563 |
Venture Michigan Fund New York, NY | $423,885,343 | $78,875,591 |
Community Loan Fund Of New Jersey New Brunswick, NJ | $216,841,059 | $22,047,293 |
Resolution Project Inc New York, NY | $959,499 | $1,878,975 |
Masonic Education And Charity Trust Boston, MA | $82,618,373 | $2,222,498 |
One Hundred Black Men New York, NY | $1,621,629 | $1,558,078 |
Transgender Emergency Fund Of Massachusetts Dorchester, MA | $108,792 | $726,756 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
Arden Local Development Corporation Middletown, NY | $5,083,817 | $416,959 |
Blueprint Org Inc New York, NY | $0 | $540,000 |
Management Information Exchange Boston, MA | $1,180,476 | $575,527 |
Raise A Glass Foundation Inc Webster, NY | $40,667 | $336,657 |