Stephen A Schwarzman Foundation
- Assets
- $124.2m
- Revenue
- $61.6m
- Investments
- $92.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4634539
Organization Overview
Stephen A Schwarzman Foundation is located in New York, NY. The organization was established in 2015. 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. Stephen A Schwarzman 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, Stephen A Schwarzman Foundation generated $61.6m in total revenue.
Since 2018, Stephen A Schwarzman Foundation has awarded 32 individual grants totaling $132,936,305. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Simpson CEO & Director | 40 | $692,708 | |
Amy Stursberg Executive Director | 25 | $466,667 | |
Michelle Meyercord Deputy Director | 40 | $325,218 | |
John A Magliano Treasurer & Director | 8 | $150,000 | |
Molly Tilton Program Manager | 40 | $108,385 | |
Stephen A Schwarzman Chairman & Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/21 | $408,249 |
Arts Manager Llc | 12/30/21 | $99,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,231,893 |
| Interest on Savings | $0 |
| Dividends & Interest | $846,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,038,852 |
| Capital Gain Net Income | $789,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,518,190 |
| Total Revenue | $61,557,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,309,375 |
| Other employee salaries and wages | $433,603 |
| Pension plans, employee benefits | $53,275 |
| Interest | $0 |
| Taxes | $127,193 |
| Depreciation | $775 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $32,059 |
| Printing and publications | $0 |
| Other expenses | $133,109 |
| Total operating and administrative expenses | $2,656,137 |
| Contributions, gifts, grants paid | $67,807,032 |
| Total expenses and disbursements | $70,463,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590,151 |
| Savings and temporary cash investments | $30,799,527 |
| 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 | $2,477,734 |
| Net Land, buildings, and equipment | $2,324 |
| Other assets | $133,497 |
| Total assets | $124,156,635 |
| 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 Foundation has awarded $67,807,032 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: SUPPORT A BUILDING FOCUSED PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE | $25,759,475 |
UNIVERSITY OF OXFORD PURPOSE: SUPPORT CREATION OF A NEW CENTER OF ACADEMIC, CULTURAL AND ETHICAL INQUIRY | $14,119,500 |
New York, NY PURPOSE: TO SUPPORT THE CAPITAL CAMPAIGN TO RENOVATE AND EXPAND THE CENTER'S FACILITIES | $8,448,498 |
New York, NY PURPOSE: TO SUPPORT THE CREATION OF A STATE-OF-THE-ART AUDITORIUM | $7,576,089 |
Abington, PA PURPOSE: TO SUPPORT BUILDING OF "STEPHEN A SCHWARZMAN CENTER FOR SCIENCE AND TECHNOLOGY" | $3,487,544 |
New York, NY PURPOSE: GENERAL SUPPORT | $2,451,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |