Hollyhock Foundation Inc
- Assets
- $744.1m
- Revenue
- -$413.0k
- Investments
- $735.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2003
- Data as of
- 12/2019
- EIN
- 54-2091336
Organization Overview
Hollyhock Foundation Inc 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.
Since 2014, Hollyhock Foundation Inc has awarded 94 individual grants totaling $136,996,500. 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 |
|---|---|---|---|
Lauren Zane Program Director | 50 | $390,000 | |
Katherine Waggoner Associate Program | 50 | $166,499 | |
Suzanne Karr Vice President | 20 | $0 | |
Timothy K Mcmanus Sec/treas | 20 | $0 | |
Robert Karr President | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joho Capital Llc (A Disqualified Person) | 12/30/18 | $180,000 |
Susan Engel | 12/30/18 | $7,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,394 |
| Dividends & Interest | $1,448,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,925,082 |
| Capital Gain Net Income | $280,097 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$412,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $556,500 |
| Pension plans, employee benefits | $89,507 |
| Interest | $0 |
| Taxes | $990,000 |
| Depreciation | $371 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,071 |
| Printing and publications | $0 |
| Other expenses | $10,694 |
| Total operating and administrative expenses | $1,678,767 |
| Contributions, gifts, grants paid | $27,785,270 |
| Total expenses and disbursements | $29,464,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,568,244 |
| 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 | $735,014,422 |
| Net Land, buildings, and equipment | $4,085 |
| Other assets | $3,535,344 |
| Total assets | $744,122,095 |
| Accounts payable and accrued expenses | $273 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $23,366 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $62,372 |
| Total liabilities | $86,011 |
Grants Awarded
Over the last fiscal year, Hollyhock Foundation Inc has awarded $27,785,270 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE PURPOSE: DONOR ADVISED FUND FUTURE DISTRIBUTIONS TO PUBLIC CHARITIES | $17,532,000 |
UNCOMMON SCHOOLS PURPOSE: SUPPORT FOR HIGH SCHOOL 2.0 AND MUSIC EDUCATION | $2,545,250 |
PENN GRADUATE SCHOOL OF EDUCATION PURPOSE: PROGRAM SUPPORT AND SCHOLARSHIPS FOR THE URBAN TEACHERS APPRENTICESHIP PROGRAM | $1,433,020 |
STANFORD PURPOSE: HOLLYHOCK FELLOWSHIP PROGRAM | $1,250,000 |
ZEARN PURPOSE: GENERAL OPERATING SUPPORT AND SUPPORT FOR RESEARCH PROJECT WITH JOHNS HOPKINS | $750,000 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: GENERAL OPERATING SUPPORT FOR CLIMATE CHANGE INITIATIVES | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Prudential Foundation Inc Newark, NJ | $0 | $15,805,071 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |