Air Products Foundation
- Assets
- $91.9m
- Revenue
- $12.8m
- Investments
- $91.9m
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 02/1981
- Data as of
- 09/2021
- EIN
- 23-2130928
Organization Overview
Air Products Foundation is located in Allentown, PA. The organization was established in 1981. 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. Air Products 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 09/2021, Air Products Foundation generated $12.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $7.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Air Products Foundation has awarded 603 individual grants totaling $13,138,527. 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 |
|---|---|---|---|
Thuy Taitt Assistant Secretary | 1 | $0 | |
Victoria Brifo Trustee | 1 | $0 | |
Charles Stinner Vice President & Secretary | 1 | $0 | |
Scott Crocco Trustee | 1 | $0 | |
Sean Major Trustee | 1 | $0 | |
Simon Moore President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,704,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,091,335 |
| Capital Gain Net Income | $11,091,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,795,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $963 |
| Total operating and administrative expenses | $612,380 |
| Contributions, gifts, grants paid | $6,793,788 |
| Total expenses and disbursements | $7,406,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $91,933,482 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $91,933,482 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Air Products Foundation has awarded $6,793,788 in support to 330 organizations.
| Grant Recipient | Amount |
|---|---|
Allentown, PA PURPOSE: UNITED WAY CAMPAIGN MATCH | $1,914,153 |
Alexandria, VA PURPOSE: GENERAL SUPPORT - MATCHING CONTRIBUTIONS | $456,304 |
TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK PURPOSE: CENTER ON GLOBAL ENERGY POLICY - SCHOOL OF INTERNATIONAL AND PUBLIC AFFAIRS | $350,000 |
Washington, DC PURPOSE: $336,600 TO PROJECT; $2,500 PROCESSNG FEE; ONE FOUNDATION-CHINA - WATER PURIFICATION FOR SCHOOLS | $339,100 |
Bethlehem, PA PURPOSE: RE-IMAGINE CAMPAIGN (YEAR 1 OF 10) | $150,000 |
PENN STATE UNIVERSITY PURPOSE: AIR PRODUCTS - PENN STATE SUPPORT | $121,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Air Products Foundation has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Lehigh Valley Allentown, PA PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $45,000 |
United Way Of The Greater Lehigh Valley Allentown, PA PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |