Unbound Philanthropy
- Assets
- $190.1m
- Revenue
- $11.8m
- Investments
- $175.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 83-0411606
Organization Overview
Unbound Philanthropy is located in New York, NY. The organization was established in 2014. 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. Unbound Philanthropy 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 12/2020, Unbound Philanthropy generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $14.3m during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Unbound Philanthropy has awarded 487 individual grants totaling $39,829,066. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED KINGDOM PROGRAM SUPPORT OF CONVENINGS, RESEARCH, COLLABORATIONS, AND LEARNING EXCHANGES - SEE STATEMENT 15
UNITED STATES PROGRAM SUPPORT FOR RESEARCH, CONVENINGS AND CONNECTING GRANTEES - SEE STATEMENT 15
EXECUTIVE DIRECTOR DISCRETIONARY FUND - SEE STATEMENT 15
MONITORING, EVALUATION AND LEARNING - SEE STATEMENT 15
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taryn Higashi Executive Director | 40 | $335,000 | |
Ingrid Rasmussen Chief Operating Offi | 40 | $278,347 | |
Theodore Wang Program Director | 40 | $181,882 | |
William Somerville Program Director | 40 | $172,487 | |
Olena Kosheva Controller And Senio | 40 | $127,027 | |
Adey Fisseha Sr Program Officer | 40 | $115,440 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Na Manu Eha Capital Management Llc | 12/30/21 | $297,354 |
Pkf O Connor Davies Llp | 12/30/21 | $82,800 |
Learning For Action | 12/30/21 | $178,906 |
Hidden Depths Research Ltd | 12/30/21 | $69,099 |
Bitstein Llc | 12/30/21 | $70,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200,000 |
| Interest on Savings | $5,196 |
| Dividends & Interest | $498,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,365,643 |
| Capital Gain Net Income | $2,990,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,682,219 |
| Total Revenue | $11,751,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $354,800 |
| Other employee salaries and wages | $1,578,669 |
| Pension plans, employee benefits | $694,927 |
| Interest | $0 |
| Taxes | $104,690 |
| Depreciation | $0 |
| Occupancy | $212,565 |
| Travel, conferences, and meetings | $92,415 |
| Printing and publications | $0 |
| Other expenses | $225,698 |
| Total operating and administrative expenses | $5,111,638 |
| Contributions, gifts, grants paid | $9,187,780 |
| Total expenses and disbursements | $14,299,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,308 |
| Savings and temporary cash investments | $6,282,434 |
| 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 | $109,542 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $175,346,823 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,085,757 |
| Total assets | $190,055,864 |
| Accounts payable and accrued expenses | $265,217 |
| Grants payable | $3,051,142 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $709,305 |
| Total liabilities | $4,025,664 |
Grants Awarded
Over the last fiscal year, Unbound Philanthropy has awarded $14,436,238 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CORE SUPPORT OF THE FOUR FREEDOMS FUND (FFF) TO STRENGTHEN THE IMMIGRANT JUSTICE MOVEMENT | $600,000 |
POP CULTURE COLLABORATIVE FUND A PROJECT OF ROCKEFELLER PHILANTHROPY ADVISO PURPOSE: FOR CORE SUPPORT OF THE POP CULTURE COLLABORATIVE TO INCREASE AUTHENTIC AND NUANCED PORTRAYALS OF PEOPLE OF COLOR, IMMIGRANTS AND REFUGEES, MUSLIMS AND INDIGENOUS PEOPLE | $500,000 |
Washington, DC PURPOSE: FOR GENERAL SUPPORT OF AN IMMIGRANT YOUTH-LED ORGANIZATION COMMITTED TO ACHIEVING DIGNITY AND FAIR TREATMENT FOR ALL IMMIGRANTS AND PEOPLE OF COLOR | $450,000 |
POP CULTURE COLLABORATIVE FUND A PROJECT OF ROCKEFELLER PHILANTHROPY ADVISO PURPOSE: FOR CORE SUPPORT OF THE POP CULTURE COLLABORATIVE TO INCREASE AUTHENTIC AND NUANCED PORTRAYALS OF PEOPLE OF COLOR, IMMIGRANTS AND REFUGEES, MUSLIMS AND INDIGENOUS PEOPLE | $400,000 |
CITIZENS UK CHARITY PURPOSE: FOR GENERAL SUPPORT OF AN ORGANIZATION COMMITTED TO ORGANIZING MIGRANT AND REFUGEE COMMUNITIES TO PARTICIPATE MORE EFFECTIVELY IN PUBLIC LIFE | $341,300 |
Washington, DC PURPOSE: FOR GENERAL SUPPORT OF AN IMMIGRANT YOUTH-LED ORGANIZATION COMMITTED TO ACHIEVING DIGNITY AND FAIR TREATMENT FOR ALL IMMIGRANTS AND PEOPLE OF COLOR | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unbound Philanthropy has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Center For Cultural Power Oakland, CA PURPOSE: SPIN-OFF OF PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |