Timothy And Michele Barakett Foundation
- Assets
- $0.0
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2008
- Data as of
- 12/2020
- EIN
- 26-6140904
Organization Overview
Timothy And Michele Barakett Foundation is located in New York, NY. The organization was established in 2008. 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. Timothy And Michele Barakett 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 12/2020, Timothy And Michele Barakett Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $16.1m during the year ending 12/2020. While expenses have increased by 20.8% 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 2014, Timothy And Michele Barakett Foundation has awarded 301 individual grants totaling $52,553,437. 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 |
|---|---|---|---|
Timothy Barakett Trustee | 1 | $0 | |
Michele Barakett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,026,557 |
| Interest on Savings | $94,978 |
| Dividends & Interest | $4,270,969 |
| Profit on Inventory Sales | $0 |
| Other Income | $130,323 |
| Total Revenue | $9,384,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $411,137 |
| Contributions, gifts, grants paid | $15,730,772 |
| Total expenses and disbursements | $16,141,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200,175 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $28,589,713 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Timothy And Michele Barakett Foundation has awarded $10,632,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
RETHINK FOOD NYC INC PURPOSE: 2ND INSTALLMENT OF PLEDGE | $2,000,000 |
HARVARD COLLEGE PURPOSE: DONATION TO THE FACULTY OF ARTS & SCIENCE DEANS DISCRETIONARY FUND | $2,000,000 |
HARVARD COLLEGE PURPOSE: DONATION TO THE TIMOTHY & MICHELE BARAKETT UNDERGRADUATE SCHOLARSHIP FUND | $1,800,000 |
WORLD CENTRAL KITCHEN PURPOSE: DONATION TO COMMON TABLE PROGRAM | $675,000 |
New York, NY PURPOSE: DONATION TO THE FUND FOR PROFESSIONAL CHILDREN'S SCHOOL | $500,000 |
New York, NY PURPOSE: MOUNT SINAI MEN'S HEALTH PORTAL, UNDER THE DIRECTION OF STEVEN A. KAPLAN | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
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 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
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 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |