Wellspring Philantropic Fund Inc
- Assets
- $117.6m
- Revenue
- $175.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2000
- Data as of
- 11/2021
- EIN
- 22-3692921
Organization Overview
Wellspring Philantropic Fund Inc is located in New York, NY. The organization was established in 2000. 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. Wellspring Philantropic Fund 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 11/2021, Wellspring Philantropic Fund Inc generated $175.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $309.4m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wellspring Philantropic Fund Inc has awarded 4,332 individual grants totaling $1,375,376,971. 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
SUPPORT FOR STRATEGIC COMMUNICATIONS.
CAPACITY BUILDING IN EAST AFRICA.
REGIONAL EDUCATION LEARNING INITIATIVE IN EAST AFRICA.
GRANTEE COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Taylor President/trustee | 40 | $640,000 | |
W Myles Taylor Vice President/trustee | 40 | $547,970 | |
Jeanne Haws Chief Operating Offi | 40 | $539,967 | |
Jennifer Reynoso Secretary/general Counsel | 40 | $499,219 | |
Jacqueline Kaye Chief Learning & Eva | 40 | $404,454 | |
Lucille Renwick Chief Communications | 40 | $320,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solutions For Igniting Social Transformation | 11/29/21 | $262,800 |
Civsource | 11/29/21 | $1,457,090 |
Koya Leadership Partners Llc | 11/29/21 | $235,710 |
Well Made Strategy | 11/29/21 | $400,000 |
Constructomics Llc | 11/29/21 | $509,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000,000 |
| Interest on Savings | $206,148 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,005 |
| Total Revenue | $175,211,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,959,091 |
| Other employee salaries and wages | $15,465,535 |
| Pension plans, employee benefits | $4,933,504 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $655,720 |
| Occupancy | $1,541,822 |
| Travel, conferences, and meetings | $151,341 |
| Printing and publications | $0 |
| Other expenses | $2,406,026 |
| Total operating and administrative expenses | $36,057,250 |
| Contributions, gifts, grants paid | $273,312,703 |
| Total expenses and disbursements | $309,369,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,660,984 |
| Savings and temporary cash investments | $93,631,421 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,012,162 |
| Other assets | $285,343 |
| Total assets | $117,589,910 |
| Accounts payable and accrued expenses | $376,620 |
| 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 | $1,792,412 |
| Total liabilities | $2,169,032 |
Grants Awarded
Over the last fiscal year, Wellspring Philantropic Fund Inc has awarded $273,312,703 in support to 1,067 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH WORLD SERVICE INC PURPOSE: PROGRAMMATIC AND INSTITUTIONAL SUPPORT FOR 2021 | $11,100,000 |
New York, NY PURPOSE: OPERATING SUPPORT AND PROGRAM SUPPORT | $5,450,000 |
NEO PHILANTHROPY INC PURPOSE: STATE INFRASTRUCTURE FUND | $4,600,000 |
Washington, DC PURPOSE: OPERATING SUPPORT | $4,500,000 |
Washington, DC PURPOSE: SUPPORT FOR REGRANTING | $3,300,000 |
Washington, DC PURPOSE: OPERATING SUPPORT, LATIN AMERICA JUSTICE AND CHILDREN'S RIGHTS PROGRAM AND GLOBAL INITIATIVE | $2,890,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $117,589,910 | $175,211,153 |
Pew Memorial Trust Philadelphia, PA | $3,258,905,531 | $312,519,832 |
Barr Foundation Boston, MA | $1,838,977,066 | $449,148,867 |
The Bessemer Giving Fund Woodbridge, NJ | $757,899,558 | $291,598,256 |
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |