Towerbrook Foundation
- Assets
- $1.8m
- Revenue
- $221.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 74-3182897
Organization Overview
Towerbrook Foundation is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Towerbrook 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, Towerbrook Foundation generated $221.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Towerbrook Foundation has awarded 480 individual grants totaling $9,843,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bilzin Director | 0.5 | $0 | |
Filippo Cardini Director, Scrtry, Asst. Treas. | 1 | $0 | |
Jennifer Glassman Director, Treas., Asst. Scrtry | 1 | $0 | |
Gordon Holmes Director | 0.5 | $0 | |
Neal Moszkowski Director, Chairperson | 1 | $0 | |
Karim Saddi Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,923 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,854 |
| Capital Gain Net Income | $197,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $531 |
| Total Revenue | $221,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $43,334 |
| Contributions, gifts, grants paid | $1,118,076 |
| Total expenses and disbursements | $1,161,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,799,909 |
| 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 | $3,799 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,240 |
| Total assets | $1,847,948 |
| Accounts payable and accrued expenses | $28,880 |
| Grants payable | $270,633 |
| 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 | $299,513 |
Grants Awarded
Over the last fiscal year, Towerbrook Foundation has awarded $1,243,441 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: FOR GENERAL OPERATING SUPPORT | $3,000 |
BOOKMARK READING CHARITY PURPOSE: BOOKMARK BOX FOR UKRAINE | $12,394 |
BOYS & GIRLS CLUB OF BUFFALO PURPOSE: FOR GENERAL OPERATING SUPPORT | $2,500 |
BYRAM HILLS EDUCATION FOUNDATION PURPOSE: FOR GENERAL OPERATING SUPPORT | $1,500 |
CENTRE FOR EFFECTIVE ALTRUISM USA INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $4,500 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: RECOMMENDATION FOR NATIONAL AUTISTIC SOCIETY | $3,424 |