Randolph Foundation
- Assets
- $63.5m
- Revenue
- $5.6m
- Investments
- $56.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 47-0892971
Organization Overview
Randolph Foundation is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Randolph 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 12/2021, Randolph Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Randolph Foundation has awarded 209 individual grants totaling $2,326,150. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROVIDING ADVICE TO NOT-FOR-PROFIT ORGANIZATIONS THAT ARE RANDOLPH FOUNDATION GRANTEES REGARDING THEIR CHARITABLE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather R Higgins Trustee/president | 40 | $340,000 | |
James E Higgins Trustee/treasurer | 10 | $135,000 | |
Joann Beyer Trustee | 1 | $0 | |
Polly Jackson Friess Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Essex Capital Management | 12/30/21 | $195,057 |
Harding Loevner | 12/30/21 | $189,660 |
New Vernon Matrix | 12/30/21 | $62,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $381 |
| Dividends & Interest | $385,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,293,149 |
| Capital Gain Net Income | $4,823,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$36,536 |
| Total Revenue | $5,642,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $475,000 |
| Other employee salaries and wages | $145,524 |
| Pension plans, employee benefits | $226,757 |
| Interest | $117,137 |
| Taxes | $816,877 |
| Depreciation | $29,731 |
| Occupancy | $85,637 |
| Travel, conferences, and meetings | $42,121 |
| Printing and publications | $5,033 |
| Other expenses | $243,642 |
| Total operating and administrative expenses | $2,834,065 |
| Contributions, gifts, grants paid | $1,087,400 |
| Total expenses and disbursements | $3,921,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,633 |
| Savings and temporary cash investments | $6,354,961 |
| 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 | $43,345,377 |
| Net Land, buildings, and equipment | $356,607 |
| Other assets | $77,672 |
| Total assets | $63,522,871 |
| 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, Randolph Foundation has awarded $1,087,400 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
Winchester, VA PURPOSE: PRESIDENTIAL | $200,000 |
Washington, DC PURPOSE: PRESIDENTIAL | $50,000 |
Washington, DC PURPOSE: REGULAR GRANT - BOARD APPROVED 1ST INSTALLMENT OF A 2-YEAR PLEDGE | $50,000 |
HOOVER INSTITUTION PURPOSE: NIALL FERGUSON; PAYMENT #3 OF 3 | $50,000 |
Washington, DC PURPOSE: REGULAR GRANT - BOARD APPROVED 1ST INSTALLMENT OF A 2-YEAR PLEDGE | $50,000 |
CLAREMONT INSTITUTE PURPOSE: AMERICAN MIND PODCAST PROJECT | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |