Genzyme Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $207.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 04-3236375
Organization Overview
Genzyme Charitable Foundation Inc is located in Bridgewater, NJ. The organization was established in 1996. 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. Genzyme Charitable 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, Genzyme Charitable Foundation Inc generated $207.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $207.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
47,003 VIALS OF CEREZYME WERE DISTRIBUTED TO PATIENTS SUFFERING FROM GAUCHER DISEASE.
5,800 VIALS OF FABRAZYME WERE DISTRIBUTED TO PATIENTS SUFFERING FROM FABRY DISEASE.
1,291 PACKS OF CERDELGA WERE DISTRIBUTED TO PATIENTS SUFFERING FROM HEMOPHILIA GAUCHER'S DISEASE.
31,219 VIALS OF MYOZYME/LUMIZYME WERE DISTRIBUTED TO PATIENTS SUFFERING FROM POMPE DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Sibold President | 0 | $0 | |
Thierry Vernier Treasurer/director | 0 | $0 | |
Stacy Ann Apgar Assistant Secretary | 0 | $0 | |
Joann Nestor Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,296,108 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,296,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,000 |
| Contributions, gifts, grants paid | $207,294,108 |
| Total expenses and disbursements | $207,296,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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, Genzyme Charitable Foundation Inc has awarded $236,880,136 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIPPA REGULATIONS PREVENT THE LISTING OF NAMES PURPOSE: PROVIDE MEDICATION TO THE ILL, NEEDY OR INFANTS. | $236,869,100 |
THE FAMILY VAN HARVARD MEDICAL SCHOOL PURPOSE: TO BRING COMPASSIONATE CARE TO BOSTONIANS WHO LACK INSURANCE OR NEED HELP IMPROVING THEIR HEALTH. | $11,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE | $2,798,959,665 | $325,311,650 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |