Daftuar Family Foundation
- Assets
- $52.5m
- Revenue
- $1.2m
- Investments
- $37.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4685449
Organization Overview
Daftuar Family Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daftuar Family 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, Daftuar Family Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Daftuar Family Foundation has awarded 112 individual grants totaling $17,024,296. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suhas Daftuar Trustee | 1 | $0 | |
Felicitie Daftuar Trustee | 32 | $0 | |
Jonathan Kartt CEO | 40 | $329,750 | |
Baldo Fodera Manager | 1 | $0 | |
Guy Eakin Chief Science Office | 40 | $262,893 | |
Stephanie Peterson Grants Manager | 40 | $112,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pine Ridge Advisers Llc | 12/30/22 | $330,053 |
The Kellyn Group Llc | 12/30/22 | $53,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $4,129 |
| Dividends & Interest | $679,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,707 |
| Capital Gain Net Income | $2,852,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,408 |
| Total Revenue | $1,195,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $329,750 |
| Other employee salaries and wages | $583,072 |
| Pension plans, employee benefits | $74,091 |
| Interest | $0 |
| Taxes | $226,839 |
| Depreciation | $0 |
| Occupancy | $83,077 |
| Travel, conferences, and meetings | $45,675 |
| Printing and publications | $0 |
| Other expenses | $991,599 |
| Total operating and administrative expenses | $2,352,716 |
| Contributions, gifts, grants paid | $1,504,646 |
| Total expenses and disbursements | $3,857,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $998,856 |
| Savings and temporary cash investments | $4,889,756 |
| 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 | $9,021,440 |
| Total assets | $52,479,417 |
| 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, Daftuar Family Foundation has awarded $2,059,474 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GREENWICH ACADEMY INC PURPOSE: CENTER FOR MATH EXCELLENCE AS PART OF LEAD THE WAY CAMPAIGN | $600,000 |
KLINIKUM ERNST VON BERGMANN GEMEINNUTZIGE GMBH PURPOSE: RESEARCH PROPOSAL - "MORPHOLOGICAL MRI INVESTIGATION OF SUBCUTANEOUS ADIPOSE TISSUE IN LIPEDEMA PATIENTS" | $156,474 |
TEXAS A & M UNIVERSITY COLLEGE OF MEDICINE PURPOSE: RESEARCH PROPOSAL - "IMPACT OF COMBINATION THERAPY ON LIPEDEMA PATIENT TISSUE STRESS" | $133,617 |
THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA PURPOSE: RESEARCH PROPOSAL | $96,831 |
UNIVERSITE LIBRE DE BRUXELLES PURPOSE: RESEARCH PROPOSAL - "BASIC TOOLBOX FOR LIPEDEMA SYNDROME ASSESSMENT" | $124,921 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: RESEARCH PROPOSAL - "MESENCHYMAL PROGENITOR CELLS IN LIPEDEMA" | $125,000 |