S & G Foundation
- Assets
- $1.1b
- Revenue
- $304.6m
- Investments
- $1.1b
- Employees
- 0
- Location
- albany, NY
- Founding
- 01/1998
- Data as of
- 06/2020
- EIN
- 36-4193183
Organization Overview
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).
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Philip O Geier | 6/29/20 | $100,000 |
Capital Ideas Inc | 6/29/20 | $1,862,748 |
Financial Statements
| 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 |
Grants Awarded
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 |
Peer Organizations
| 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 |