The Applebaum Foundation Inc
- Assets
- $229.6m
- Revenue
- $16.9m
- Investments
- $224.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1950
- Data as of
- 12/2021
- EIN
- 59-1002714
Organization Overview
The Applebaum Foundation Inc is located in New York, NY. The organization was established in 1950. 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. Applebaum Foundation Inc 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, Applebaum Foundation Inc generated $16.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Applebaum Foundation Inc has awarded 200 individual grants totaling $37,652,850. 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 |
|---|---|---|---|
Rebecca Lieberman Vp, Secretary, Executive Director | 40 | $248,080 | |
James Kaufman President | 10 | $91,667 | |
Michael Doppelt VP & Treasurer | 3 | $0 | |
Judy Feder Director | 1 | $0 | |
Jane Weiss Treasurer & Director - Term End 1/21 | 3 | $0 | |
Warren A Weiss President & Director - Term End 1/21 | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Trust Company International | 12/30/21 | $62,576 |
Jp Morgan Chase Bank | 12/30/21 | $192,474 |
Alliance Bernstein Lp | 12/30/21 | $156,960 |
Condon O'meara Mcginty & Donnelly Llp | 12/30/21 | $55,877 |
Ferguson Wellman Capital Management | 12/30/21 | $297,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,461,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,417,409 |
| Capital Gain Net Income | $12,420,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,409 |
| Total Revenue | $16,929,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $339,747 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $19,264 |
| Interest | $0 |
| Taxes | $337,355 |
| Depreciation | $0 |
| Occupancy | $15,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,772 |
| Total operating and administrative expenses | $1,583,331 |
| Contributions, gifts, grants paid | $8,042,500 |
| Total expenses and disbursements | $9,625,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,395,390 |
| Savings and temporary cash investments | $4,027,841 |
| 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 | $81,105,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $229,643,281 |
| 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, The Applebaum Foundation Inc has awarded $11,412,500 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: RESEARCH | $1,620,000 |
New York, NY PURPOSE: SPECIAL PURPOSE | $1,500,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: RESEARCH | $1,000,000 |
Miami, FL PURPOSE: RESEARCH | $500,000 |
New York, NY PURPOSE: RESEARCH | $500,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: RESEARCH | $500,000 |
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 |