Wellspring Philantropic Fund Inc
- Assets
- $0.0
- Revenue
- $305.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2000
- Data as of
- 11/2019
- 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.
For the year ending 11/2019, Wellspring Philantropic Fund Inc generated $305.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $281.5m during the year ending 11/2019. While expenses have increased by 6.7% per year over the past 5 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 2017, Wellspring Philantropic Fund Inc has awarded 2,174 individual grants totaling $673,873,858. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONAL EDUCATION LEARNING INITIATIVES IN EAST AFRICA.
CAPACITY BUILDING IN EAST AFRICA.
SUPPORT FOR WOMEN'S LAND AND PROPERTY RIGHTS.
SUPPORT FOR STRATEGIC COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Taylor President/trustee | 40 | $503,333 | |
W Myles Taylor Vice President/trustee | 40 | $445,250 | |
Jeanne Haws Chief Operating Offi | 40 | $435,826 | |
Jennifer Reynoso Secretary And General Coun | 40 | $357,250 | |
Jacqueline Kaye Chief Learning & Eva | 40 | $330,449 | |
Manisha Mehta Program Director | 40 | $238,333 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Switzer Group | 11/29/19 | $370,291 |
Constructomics Llc | 11/29/19 | $3,584,139 |
African Population Health And Research Center | 11/29/19 | $930,000 |
Civsource | 11/29/19 | $1,239,752 |
Cbli Centre | 11/29/19 | $360,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,745,741 |
| Interest on Savings | $4,001,822 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,186 |
| Total Revenue | $305,752,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,511,961 |
| Pension plans, employee benefits | $2,770,737 |
| Depreciation | $330,245 |
| Occupancy | $1,597,825 |
| Travel, conferences, and meetings | $1,800,257 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $27,928,938 |
| Contributions, gifts, grants paid | $253,591,986 |
| Total expenses and disbursements | $281,520,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $260,440 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wellspring Philantropic Fund Inc has awarded $253,571,986 in support to 935 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: SUPPORT FOR DONOR ADVISED GRANT MAKING | $22,650,000 |
New York, NY PURPOSE: PROGRAMMATIC AND INSTITUTIONAL SUPPORT FOR 2019 | $11,100,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT AND PROGRAM SUPPORT | $5,000,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS, LATIN AMERICA JUSTICE AND CHILDREN'S RIGHTS PROGRAM | $2,800,000 |
Washington, DC PURPOSE: SUPPORT FOR REGRANTING | $2,725,000 |
New York, NY PURPOSE: STATE INFRASTRUCTURE FUND | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $0 | $305,752,749 |
The Bessemer Giving Fund Woodbridge, NJ | $409,066,331 | $210,062,584 |
Starr Foundation New York, NY | $1,224,410,899 | $115,036,092 |
S & G Foundation albany, NY | $1,147,138,007 | $304,610,125 |
Robertson Foundation New York, NY | $0 | $6,750,182 |
Surdna Foundation Inc New York, NY | $997,976,972 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $70,221,503 | $91,386,230 |
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Paul E Singer Foundation New York, NY | $0 | $7,422,166 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $584,180,972 | $20,558,970 |
Foundation For A Just Society New York, NY | $669,006,896 | $96,141,739 |
The Nathan Cummings Foundation Inc New York, NY | $444,315,012 | $24,977,243 |