The Edna Mcconnell Clark Foundation
- Assets
- $0.0
- Revenue
- $79.8m
- Investments
- $320.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 09/2021
- EIN
- 23-7047034
Organization Overview
The Edna Mcconnell Clark Foundation is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Edna Mcconnell Clark 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, Edna Mcconnell Clark Foundation generated $79.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $158.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edna Mcconnell Clark Foundation has awarded 58 individual grants totaling $899,171,937. 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
EXPENSES FOR GRANTEE TECHNICAL ASSISTANCE IN THE AREAS OF PROGRAM MANAGEMENT, PROGRAM EVALUATION, AND COMMUNICATIONS ($3,605).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Roob President & Trustee | 5 | $57,091 | |
Ralph Stefano Cfo/asst Treasurer/secretary | 5 | $33,248 | |
Mr H Lawrence Clark Chair | 4 | $0 | |
Mr James M Clark Jr Trustee, Treasurer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Investment Management Co | 6/29/22 | $455,856 |
Patterson Belknap Webb & Tyler Llp | 6/29/22 | $57,532 |
Eric Brown Brownbridge Strategies | 6/29/22 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,387,285 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,750,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,178 |
| Pension plans, employee benefits | $268,090 |
| Depreciation | $0 |
| Occupancy | $101,106 |
| Travel, conferences, and meetings | $14,361 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $6,100,708 |
| Contributions, gifts, grants paid | $152,724,999 |
| Total expenses and disbursements | $158,825,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,778,089 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $46,620 |
Grants Awarded
Over the last fiscal year, The Edna Mcconnell Clark Foundation has awarded $293,638,566 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE MERIDIAN PARTNERS INC PURPOSE: GRANT PAYMENTS TO BMP FOR GENERAL OPERATIONS AND DISBURSEMENTS TO GRANTEES | $201,538,566 |
CHARLES AND LYNN SCHUSTERMAN FAMILY FOUNDATION PURPOSE: TO SUPPORT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES | $25,000,000 |
BROOKLYN MUSEUM PURPOSE: TO SUPPORT THE 2022 BROOKLYN ARTISTS BALL | $100,000 |
CENTER FOR CREATIVE LEADERSHIP PURPOSE: PROPELNEXT 2.0 | $8,500,000 |
HARLEM CHILDREN'S ZONE PURPOSE: STRATEGIC PLAN SUPPORT | $30,000,000 |
HARLEM CHILDREN'S ZONE PURPOSE: TO SUPPORT ITS ONGOING WORK WITH DISADVANTAGED CHILDREN, YOUTH AND FAMILIES | $1,000,000 |