Stephen A Schwarzman Foundation
- Assets
- $39.7m
- Revenue
- $27.4m
- Investments
- $36.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2022
- 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.
Since 2018, Stephen A Schwarzman Foundation has awarded 48 individual grants totaling $211,796,548. 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 |
|---|---|---|---|
Stephen A Schwarzman Chairman & Director | 1 | $0 | |
Jeffrey A Rosen As Of 452022 Vice-Chairman & Director | 1 | $0 | |
John A Magliano Treasurer & Director | 8 | $150,000 | |
Paul A White Secretary | 2 | $0 | |
Bruce Simpson To 122 CEO & Director | 40 | $0 | |
Mark E Schwarzman Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/22 | $508,215 |
Arts Manager Llc | 12/30/22 | $228,331 |
Rockefeller Philanthropy Advisors | 12/30/22 | $141,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,887,907 |
| Interest on Savings | $0 |
| Dividends & Interest | $850,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$557,087 |
| Capital Gain Net Income | $10,854,582 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$816,770 |
| Total Revenue | $27,364,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $780,000 |
| Other employee salaries and wages | $844,245 |
| Pension plans, employee benefits | $118,209 |
| Interest | $0 |
| Taxes | $356,528 |
| Depreciation | $2,414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $109,947 |
| Printing and publications | $0 |
| Other expenses | $149,354 |
| Total operating and administrative expenses | $3,264,345 |
| Contributions, gifts, grants paid | $78,860,243 |
| Total expenses and disbursements | $82,124,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,019 |
| Savings and temporary cash investments | $2,812,288 |
| 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 | $8,106 |
| Other assets | $66,748 |
| Total assets | $39,666,069 |
| 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 $78,860,243 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL MEDICAL CENTER PURPOSE: TO SUPPORT THE CAPITAL CAMPAIGN TO RENOVATE AND EXPAND THE CENTERS FACILITIES | $8,221,669 |
ASIA SOCIETY PURPOSE: GENERAL SUPPORT | $2,492,942 |
FOUNDATION FOR ABINGTON SCHOOL DISTRICT PURPOSE: TO SUPPORT THE BUILDING OF THE "STEPHEN A. SCHWARZMAN CENTER FOR SCIENCE & TECHNOLOGY" | $3,439,316 |
HARVARD BUSINESS SCHOOL PURPOSE: ESTABLISH "STEPHEN A. SCHWARZMAN RESEARCH FUND ON ARTIFICIAL INTELLIGENCE IN BUSINESS" | $983,926 |
INNER-CITY SCHOLARSHIP FUND PURPOSE: TO SUPPORT EMERGENCY TUITION ASSISTANCE | $759,969 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: TO SUPPORT A BUILDING FOCUSED ON PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE | $25,621,717 |