Blackstone Charitable Foundation
- Assets
- $141.7m
- Revenue
- $22.6m
- Investments
- $128.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 26-0462996
Organization Overview
Blackstone Charitable Foundation is located in New York, NY. The organization was established in 2008. 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. Blackstone Charitable 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 06/2021, Blackstone Charitable Foundation generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.7% each year . All expenses for the organization totaled $25.7m during the year ending 06/2021. While expenses have increased by 15.0% per year over the past 4 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 2015, Blackstone Charitable Foundation has awarded 974 individual grants totaling $81,436,784. 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 |
|---|---|---|---|
Amy Stursberg Executive Director | 20 | $870,273 | |
David Wachtel Senior Vice Pres. | 40 | $362,816 | |
Erica Lock Munsky Senior Vice Pres. | 40 | $240,173 | |
Harlee Caplan Associate | 40 | $183,374 | |
Takhani Kromah Consultant | 40 | $180,000 | |
Kaitlyn Wood Director | 40 | $150,173 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiwi Partners | 6/29/21 | $99,028 |
Simpson Thacher & Bartlett Llp | 6/29/21 | $423,145 |
Eisneramper | 6/29/21 | $83,000 |
Techstars Central | 6/29/21 | $336,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,485,264 |
| Interest on Savings | $0 |
| Dividends & Interest | $849,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,806,431 |
| Capital Gain Net Income | $4,369,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,427,387 |
| Total Revenue | $22,568,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $870,273 |
| Other employee salaries and wages | $1,553,597 |
| Pension plans, employee benefits | $101,582 |
| Interest | $0 |
| Taxes | $475,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,263 |
| Printing and publications | $0 |
| Other expenses | $78,358 |
| Total operating and administrative expenses | $4,395,098 |
| Contributions, gifts, grants paid | $21,293,387 |
| Total expenses and disbursements | $25,688,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,432,654 |
| Savings and temporary cash investments | $865,243 |
| 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 | $109,507,498 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,214,748 |
| Total assets | $141,651,293 |
| Accounts payable and accrued expenses | $368,697 |
| Grants payable | $11,650,504 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,123,557 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,960,915 |
| Total liabilities | $21,103,673 |
Grants Awarded
Over the last fiscal year, Blackstone Charitable Foundation has awarded $23,144,009 in support to 210 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,001,509 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: PROGRAMMATIC SUPPORT FOR LAUNCHPAD | $3,095,934 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: PROGRAMMATIC SUPPORT FOR LAUNCHPAD | $1,879,066 |
Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Montgomery, AL PURPOSE: GENERAL OPERATING SUPPORT | $420,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phillip And Susan Ragon Foundation Cambridge, MA | $62,348,069 | $1,628,724 |
Citi Foundation New York, NY | $102,040,475 | $125,193,055 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
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 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |