Story Garschina Foundation
- Assets
- $65.4m
- Revenue
- $985.7k
- Investments
- $62.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 45-4039101
Organization Overview
Story Garschina Foundation is located in New York, NY. The organization was established in 2012. 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. Story Garschina 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 12/2023, Story Garschina Foundation generated $985.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Story Garschina Foundation has awarded 170 individual grants totaling $23,087,341. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $704 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $985,028 |
| Capital Gain Net Income | $985,028 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $985,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,106 |
| Total operating and administrative expenses | $25,950 |
| Contributions, gifts, grants paid | $4,126,000 |
| Total expenses and disbursements | $4,151,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,616 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,723,753 |
| Total assets | $65,406,611 |
| 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, Story Garschina Foundation has awarded $4,126,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
MISES INSTITUTE PURPOSE: CHARITABLE | $125,000 |
MANHATTAN SOCCER CLUB INC PURPOSE: CHARITABLE | $125,000 |
HOSPITAL FOR SPECIAL SURGERY FUND INC PURPOSE: CHARITABLE | $20,000 |
PHILLIPS EXETER ACADEMY PURPOSE: CHARITABLE | $600,000 |
MANHATTAN INSTITUTE PURPOSE: CHARITABLE | $150,000 |
EVERY MOTHER COUNTS PURPOSE: CHARITABLE | $100,000 |