Henry M Rowan Family Foundation Inc
- Assets
- $0.0
- Revenue
- $12.5m
- Investments
- $249.9m
- Employees
- 0
- Location
- Rancocas, NJ
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 22-3655770
Organization Overview
Henry M Rowan Family Foundation Inc is located in Rancocas, NJ. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Henry M Rowan 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 12/2020, Henry M Rowan Family Foundation Inc generated $12.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $16.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Henry M Rowan Family Foundation Inc has awarded 183 individual grants totaling $58,645,000. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HENRY M. ROWAN FOUNDATION DOES NOT CONDUCT DIRECTCHARITABLE ACTIVITIES, BUT RATHER CONTRIBUTES TO OTHERCHARITABLE ORGANIZATIONS CARRYING OUT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia R Smith President, Trustee | 2 | $0 | |
Gilbert A Gehin-Scott Trustee | 2 | $0 | |
Manning J Smith III Sec/treasurer, Trustee | 2 | $0 | |
Eleanor Rowan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $891 |
| Dividends & Interest | $5,476,841 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,509,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,025,029 |
| Contributions, gifts, grants paid | $14,995,000 |
| Total expenses and disbursements | $16,020,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,432 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,000,000 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Henry M Rowan Family Foundation Inc has awarded $15,000,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, NJ PURPOSE: GENERAL SUPPORT | $3,000,000 |
Media, PA PURPOSE: GENERAL SUPPORT | $2,500,000 |
SILVER BAY ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,750,000 |
Glassboro, NJ PURPOSE: GENERAL SUPPORT | $1,000,000 |
FORT TICONDEROGA FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000,000 |
PARENT PROJECT (DMD) PURPOSE: GENERAL SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |