Posner Foundation Of Pittsburgh
- Assets
- $0.0
- Revenue
- $20.2m
- Investments
- $130.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1965
- Data as of
- 12/2020
- EIN
- 25-6055022
Organization Overview
Posner Foundation Of Pittsburgh is located in Pittsburgh, PA. The organization was established in 1965. 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. Posner Foundation Of Pittsburgh 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 12/2020, Posner Foundation Of Pittsburgh generated $20.2m in total revenue. All expenses for the organization totaled $16.0m during the year ending 12/2020. While expenses have increased by 89.0% per year over the past 3 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 2020, Posner Foundation Of Pittsburgh has awarded 153 individual grants totaling $41,363,716. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul M Posner Trustee | 1 | $0 | |
Anne M Molloy Trustee | 1 | $0 | |
John F Hensler Trustee | 1 | $0 | |
Henry Posner III Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 12/30/21 | $120,772 |
Provident Trust Co | 12/30/21 | $1,234,731 |
The Hawthorne Group Inc | 12/30/21 | $998,569 |
Eagle Capital Management Llc | 12/30/21 | $291,675 |
Gamco Investors Inc | 12/30/21 | $107,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $211,717 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,824,288 |
| Profit on Inventory Sales | $0 |
| Other Income | $498,943 |
| Total Revenue | $20,216,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $4,228 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,482 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,926,987 |
| Contributions, gifts, grants paid | $13,070,536 |
| Total expenses and disbursements | $15,997,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,839,779 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,661,822 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Posner Foundation Of Pittsburgh has awarded $27,208,180 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $8,000,000 |
Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $4,525,000 |
Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $4,000,000 |
SPLASH PURPOSE: UNRESTRICTED/ GENERAL USE | $1,000,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: UNRESTRICTED/ GENERAL USE | $750,000 |
AMERICARES PURPOSE: UNRESTRICTED/ GENERAL USE | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |