Schooner Foundation
- Assets
- $234.1m
- Revenue
- $101.8m
- Investments
- $173.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 04-3347626
Organization Overview
Schooner Foundation is located in Boston, MA. The organization was established in 1997. 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. Schooner 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 12/2021, Schooner Foundation generated $101.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $13.2m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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 2014, Schooner Foundation has awarded 784 individual grants totaling $61,468,463. 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 |
|---|---|---|---|
Julia B Pettengill Executive Director | 40 | $128,553 | |
Vincent J Ryan Trustee | 5 | $0 | |
Carla E Meyer Trustee | 1 | $0 | |
Jennifer Ryan Trustee | 1 | $0 | |
Cynthia A Ryan Trustee/director | 1 | $0 | |
Kimberly R Dano Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schooner Capital Llc | 12/30/18 | $450,261 |
Softchoice Professionals | 12/30/18 | $51,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,583,751 |
| Interest on Savings | $30,228 |
| Dividends & Interest | $2,374,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,857,748 |
| Capital Gain Net Income | $53,857,748 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,845,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,867 |
| Other employee salaries and wages | $22,939 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,001,088 |
| Depreciation | $3,094 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,986 |
| Printing and publications | $0 |
| Other expenses | $4,376,627 |
| Total operating and administrative expenses | $5,555,249 |
| Contributions, gifts, grants paid | $7,677,901 |
| Total expenses and disbursements | $13,233,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,029,603 |
| 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 | $173,705,020 |
| Net Land, buildings, and equipment | $2,422 |
| Other assets | $349,906 |
| Total assets | $234,086,951 |
| Accounts payable and accrued expenses | $5,751,519 |
| 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 | $5,751,519 |
Grants Awarded
Over the last fiscal year, Schooner Foundation has awarded $7,677,901 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: HKS - CARR CENTER FOR HUMAN RIGHTS POLICY | $600,005 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: HIATT RESIDENCY IN GLOBAL HEALTH EQUITY | $500,010 |
NYAYA HEALTH PURPOSE: GENERAL SUPPORT | $400,024 |
New York, NY PURPOSE: AFRICAN VISIONARY FUND | $251,000 |
PROTECT DEMOCRACY PROJECT PURPOSE: GENERAL SUPPORT | $250,021 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: RURAL HEALTH FELLOWSHIP PROGRAM | $250,021 |
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 |
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 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |