Walther Family Foundation
- Assets
- $2.9m
- Revenue
- $666.9k
- Investments
- $15.7k
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2010
- Data as of
- 04/2023
- EIN
- 27-1125212
Organization Overview
Walther Family Foundation is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Walther Family 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 04/2023, Walther Family Foundation generated $666.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $555.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Walther Family Foundation has awarded 18 individual grants totaling $935,840. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALTHER FAMILY FOUNDATION IS DEDICATED TO COLLECTING AND PROMOTING CONTEMPORARY PHOTOGRAPHIC ART ACROSS RECENT HISTORICAL PERIODS AND DIVERSE GEOGRAPHIC REGIONS. ITS MISSION IS TO RESENT TO THE PUBLIC - THROUGH IN-DEPTH ANNUAL EXHIBITIONS AND A PROGRAM OF PUBLISHING - WORKS OF HISTORICAL AND CONTEMPORARY SIGNIFICANCE FROM ARTISTS WORKING IN AFRICA, ASIA, AND OTHER PARTS OF THE WORLD WHOSE ENDURING CONTRIBUTIONS TO PHOTOGRAPHY SIGNIFICANTLY EXPAND THE UNDERSTANDING, CONCEPTION, AND HISTORY OF THE MEDIUM. THE FOUNDATION IS EXPECTED TO COLLECT AND EXHIBIT A SEGMENT OF MODEM AND CONTEMPORARY EUROPEAN AND AMERICAN PHOTOGRAPHY, UNITING THE VARIOUS FOCUSES OF THE COLLECTION IN LIVELY, RIGOROUS CURATORIAL DIALOGUE THROUGH THEMATIC AND CONCEPTUAL RELATIONSHIPS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,166 |
| Interest on Savings | $13,734 |
| Dividends & Interest | $3,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $598,567 |
| Capital Gain Net Income | $598,567 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$806 |
| Total Revenue | $666,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $111,364 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $725 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $83,040 |
| Printing and publications | $0 |
| Other expenses | $84,473 |
| Total operating and administrative expenses | $311,602 |
| Contributions, gifts, grants paid | $243,620 |
| Total expenses and disbursements | $555,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,785 |
| Savings and temporary cash investments | $378,265 |
| 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 | $15,673 |
| Net Land, buildings, and equipment | $129 |
| Other assets | $2,479,857 |
| Total assets | $2,908,709 |
| 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 | $25,498 |
| Total liabilities | $25,498 |
Grants Awarded
Over the last fiscal year, Walther Family Foundation has awarded $243,620 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL CENTER OF PHOTOGRAPH MUSEUM PURPOSE: TO SUPPORT MUSEUM OPERATIONS AND ACTIVITIES | $750 |
GUGGENHEIMN MUSEUM PURPOSE: TO SUPPORT MUSEUM OPERATIONS AND ACTIVITIES | $1,750 |
THE WHITNEY MUSEUM OF ART PURPOSE: TO SUPPORT MUSEUM OPERATIONS AND ACTIVITIES | $2,500 |
STOREFRONT ART & ARCHITECTURE PURPOSE: TO FURTHER DONOR'S PURPOSE | $10,000 |
APERTURE FOUNDATION PURPOSE: TO FURTHER DONOR'S PURPOSE | $5,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: TO FURTHER DONOR'S PURPOSE | $10,000 |