Price Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $4.0m
- Investments
- $1.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1997
- Data as of
- 11/2023
- EIN
- 22-3483367
Organization Overview
Price Family Foundation Inc is located in New York, NY. The organization was established in 1997. 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. Price Family Foundation Inc 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 11/2023, Price Family Foundation Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $4.1m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Price Family Foundation Inc has awarded 482 individual grants totaling $89,699,270. 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 |
|---|---|---|---|
Charles T Price Trustee | 1 | $0 | |
Claudia Forbes Trustee | 1 | $0 | |
Jennifer C Price President & Treasurer | 1 | $0 | |
Ellen Lynch Secretary | 1 | $0 | |
Timothy E Ladin General Counsel, Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,850,000 |
| Interest on Savings | $1,673 |
| Dividends & Interest | $43,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,948 |
| Capital Gain Net Income | $765,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,991,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $49 |
| Taxes | $52,301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,208 |
| Total operating and administrative expenses | $66,414 |
| Contributions, gifts, grants paid | $4,065,719 |
| Total expenses and disbursements | $4,132,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,657 |
| 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 | $1,367,430 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $75,889 |
| Total assets | $1,549,976 |
| 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 | $182,689 |
| Total liabilities | $182,689 |
Grants Awarded
Over the last fiscal year, Price Family Foundation Inc has awarded $4,065,719 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL USE | $109,950 |
EGAN MARITIME INSTITUTE PURPOSE: GENERAL USE | $4,000 |
EXALT YOUTH PURPOSE: GENERAL USE | $25,000 |
FRIENDS OF CHILDREN NEW YORK PURPOSE: GENERAL USE | $87,500 |
HOSPITAL FOR SPECIAL SURGERY INC PURPOSE: GENERAL USE | $500,000 |
HENRY STREET SETTLEMENT PURPOSE: GENERAL USE | $37,500 |