Stephen A Schwarzman Education Foundation
- Assets
- $17.1m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 45-4757735
Organization Overview
Stephen A Schwarzman Education Foundation is located in New York, NY. The organization was established in 2013. 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. Stephen A Schwarzman Education 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 12/2022, Stephen A Schwarzman Education Foundation generated $28.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $20.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stephen A Schwarzman Education Foundation has awarded 54 individual grants totaling $50,980,637. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHWARZMAN SCHOLARS AND SCHWARZMAN COLLEGE:THE PROGRAM SUPPORTS UP TO 200 SCHOLARS ANNUALLY FROM THE U.S., CHINA AND AROUND THE WORLD FOR A ONE-YEAR MASTER'S DEGREE PROGRAM AT TSINGHUA UNIVERSITY IN BEIJING, WHERE A RESIDENTIAL COLLEGE WAS CONSTRUCTED THAT WAS MODELED AFTER THE RESIDENTIAL COLLEGES AT HARVARD, YALE, OXFORD AND CAMBRIDGE. SCHOLARS CHOSEN FOR THIS HIGHLY SELECTIVE PROGRAM RESIDE IN BEIJING FOR A YEAR OF STUDY AND CULTURAL IMMERSION, ATTENDING LECTURES, TRAVELING, AND DEVELOPING A BETTER UNDERSTANDING OF CHINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Schwarzman Chairman And Director | 10 | $0 | |
John A Magliano Vice President & Treasurer | 10 | $150,000 | |
Paul White Secretary | 5 | $0 | |
Amy Stursberg CEO And Director | 13 | $284,060 | |
Jane Spencer Edwards Director | 0.25 | $25,000 | |
Michael Evans Director | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gsa Property Mgt Limited | 12/30/22 | $1,718,861 |
Ready Set Rocket | 12/30/22 | $1,689,197 |
Portland Post-production | 12/30/22 | $500,800 |
On The Road | 12/30/22 | $955,308 |
Simpson Thacher & Bartlett Llp | 12/30/22 | $1,144,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,945,000 |
| Interest on Savings | $96 |
| Dividends & Interest | $25,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,747 |
| Total Revenue | $27,983,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,709,340 |
| Other employee salaries and wages | $5,061,773 |
| Pension plans, employee benefits | $1,393,691 |
| Interest | $0 |
| Taxes | $57,617 |
| Depreciation | $80,983 |
| Occupancy | $342,509 |
| Travel, conferences, and meetings | $1,525,527 |
| Printing and publications | $0 |
| Other expenses | $4,123,693 |
| Total operating and administrative expenses | $19,419,205 |
| Contributions, gifts, grants paid | $1,191,603 |
| Total expenses and disbursements | $20,610,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,722,576 |
| Savings and temporary cash investments | $2,308,042 |
| 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 | $118,903 |
| Other assets | $0 |
| Total assets | $17,149,521 |
| 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, Stephen A Schwarzman Education Foundation has awarded $1,392,362 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE PURPOSE: ACADEMIC SUPPORT INITIATIVES | $45,437 |
ROYAL INSTITUTE FOR INTERNATIONAL AFFAIRS PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $154,555 |
WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $100,000 |
WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $100,000 |
ROYAL INSTITUTE FOR INTERNATIONAL AFFAIRS PURPOSE: SUPPORT FELLOWSHIP PROGRAM | $100,759 |
THE INSTITUTE OF INTERNATIONAL EDUCATION PURPOSE: SUPPORT FOR SCHOLARSHIP PROGRAM | $891,611 |