Mary Jane & Joseph P Platt Jr Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $461.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 25-1815288
Organization Overview
Mary Jane & Joseph P Platt Jr Family Foundation Inc is located in Pittsburgh, PA. The organization was established in 1999. 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. Mary Jane & Joseph P Platt Jr 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 12/2021, Mary Jane & Joseph P Platt Jr Family Foundation Inc generated $461.2k in total revenue. All expenses for the organization totaled $246.0k during the year ending 12/2021.
Since 2020, Mary Jane & Joseph P Platt Jr Family Foundation Inc has awarded 151 individual grants totaling $458,660. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise M Augello Executive Director | 1 | $25,000 | |
Joseph P Platt Jr Secretary - As Needed | 0 | $0 | |
Mary Jane Platt President - As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $430,592 |
| Capital Gain Net Income | $430,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,117 |
| Total Revenue | $461,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,242 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,955 |
| Total operating and administrative expenses | $39,861 |
| Contributions, gifts, grants paid | $206,160 |
| Total expenses and disbursements | $246,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,044 |
| Savings and temporary cash investments | $39,242 |
| 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 | $2,245 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,195,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,878,336 |
| 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, Mary Jane & Joseph P Platt Jr Family Foundation Inc has awarded $206,160 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL OPERATING CONTRIBUTION | $163,750 |
MILL REEF FUND PURPOSE: ANNUAL GIVING | $8,000 |
Rochester, NY PURPOSE: GENERAL OPERATING CONTRIBUTION | $7,500 |
THE CAMPUS LABSCHOOL OF CARLOW UNIVERSITY PURPOSE: GENERAL OPERATING CONTRIBUTION | $3,110 |
ROBERT LEWIS FAMILY FOUNDATION PURPOSE: SUPPORT 38TH ANNUAL MS OUTING | $2,500 |
Pittsburgh, PA PURPOSE: 1895 SOCIETY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |