S & G Foundation is located in albany, NY. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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.
For the year ending 06/2020, S & G Foundation generated $304.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $98.4m during the year ending 06/2020. While expenses have increased by 34.9% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER
INTERNAL REVENUE CODE SECTION 501(C)(3).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shelby Mc Davis President - 5 Hours | 0 | $0 | |
Lansing A Davis Treasurer - 5 Hours | 0 | $0 | |
Gale L Davis Vice President - 5 Hours | 0 | $0 | |
Jacob Mnookin Vice President - <1 Hour | 0 | $0 | |
Mary Ann Mcgrath Secretary - <1 Hour | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Philip O Geier | 6/29/20 | $100,000 |
Capital Ideas Inc | 6/29/20 | $1,862,748 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $76,448 |
Dividends & Interest | $37,865,815 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $265,373,067 |
Capital Gain Net Income | $265,373,067 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,294,795 |
Total Revenue | $304,610,125 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $1,552,703 |
Taxes | $250,260 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $125 |
Other expenses | $5,258,594 |
Total operating and administrative expenses | $9,074,430 |
Contributions, gifts, grants paid | $89,335,980 |
Total expenses and disbursements | $98,410,410 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $82,728,199 |
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 | $650,986,846 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,147,138,007 |
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 |
Over the last fiscal year, S & G Foundation has awarded $89,335,980 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
VARIOUS STOCK (SEE ATTACHMENT) PURPOSE: GENERAL CHARITABLE PURPOSES | $45,138,480 |
VARIOUS CASH (SEE ATTACHMENT) PURPOSE: GENERAL CHARITABLE PURPOSES | $44,197,500 |
Organization Name | Assets | Revenue |
---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $0 | $305,752,749 |
The Bessemer Giving Fund Woodbridge, NJ | $409,066,331 | $210,062,584 |
Starr Foundation New York, NY | $1,224,410,899 | $115,036,092 |
S & G Foundation albany, NY | $1,147,138,007 | $304,610,125 |
Robertson Foundation New York, NY | $0 | $6,750,182 |
Surdna Foundation Inc New York, NY | $997,976,972 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $70,221,503 | $91,386,230 |
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Paul E Singer Foundation New York, NY | $0 | $7,422,166 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $584,180,972 | $20,558,970 |
Foundation For A Just Society New York, NY | $669,006,896 | $96,141,739 |
The Nathan Cummings Foundation Inc New York, NY | $444,315,012 | $24,977,243 |