William Caspar Graustein Memorial Fund
- Assets
- $149.7m
- Revenue
- $16.9m
- Investments
- $141.3m
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 04-6037391
Organization Overview
William Caspar Graustein Memorial Fund is located in Hamden, CT. The organization was established in 1994. 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. William Caspar Graustein Memorial Fund 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, William Caspar Graustein Memorial Fund generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 6 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 2016, William Caspar Graustein Memorial Fund has awarded 1,399 individual grants totaling $41,615,312. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROGRAMS TO:BUILD ASSETS WITHIN CHILDREN'S HOMES, SCHOOLS, NEIGHBORHOODS, AND SOCIETY TO REVERSE THE EFFECTS OF STRUCTURAL RACISM AND POVERTY.INVEST IN A SMALL NUMBER OF HIGHLY DISTRESSED NEIGHBORHOODS AS THE CENTER OF OUR WORK AGAINST POVERTY AND RACISM.SUPPORT PEOPLE MOST AFFECTED, ESPECIALLY PARENTS, TO NAVIGATE AND CHANGE THE BARRIERS THEY SEE.PROMOTE GREATER AWARENESS AND UNDERSTANDING OF THE DISPARITIES RESULTING FROM STRUCTURAL RACISM, THE EFFECTS OF POVERTY AND THE INTERSECTION OF THE TWO.ENCOURAGE HEALING IN OUR SOCIETY BY SUPPORTING DIALOGUE, ACTION, POLICIES AND PRACTICES THAT ADVANCE RACIAL AND ECONOMIC EQUITY.
COMMUNITY LEADERSHIP PROGRAMSTHE COMMUNITY LEADERSHIP PROGRAMS OFFER NONPROFIT STAFF, VOLUNTEERS, BOARD MEMBERS AND MEMBERS OF THE GREATER NEW HAVEN COMMUNITY OPPORTUNITIES TO LEARN ABOUT AND DISCUSS IMPORTANT ISSUES. THROUGH MEETINGS, FULL DAY SEMINARS, AND YEAR-LONG LEADERSHIP TRAINING, PARTICIPANTS BUILD SKILLS AND DEVELOP A NETWORK OF LEADERS WITHIN THE COMMUNITY, WORKING ON CRITICAL SOCIAL ISSUES.
NO-COST MEETING SPACE FOR CONNECTICUT NONPROFITSTHE MEMORIAL FUND PROVIDES MEETING SPACE FOR NONPROFIT ORGANIZATIONS, AT NO OR LOW COST TO THEM, IN ORDER TO BRING PEOPLE TOGETHER FOR TRAINING, CONSULTATION, PLANNING, PROGRAM OVERSIGHT, EVALUATION AND OTHER ACTIVITIES THAT IMPROVE THE STATUS OF CHILDREN AND FAMILIES IN CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R David Addams Executive Director | 50 | $284,359 | |
Carmen Siberon Senior Program Offic | 40 | $179,468 | |
William Johnson Dir. Of Education St | 40 | $167,092 | |
Raquel Santiago-Martinez Director Of Finance | 40 | $132,637 | |
Priscilla Faustini Dir Of Operations | 40 | $111,847 | |
Malwin Davila Program Officer | 40 | $109,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Launch Consulting Llc | 12/30/21 | $193,000 |
Cambridge Associates | 12/30/21 | $191,055 |
T M Byxbee Company Pc | 12/30/21 | $111,536 |
Reap Unlimited | 12/30/21 | $92,000 |
La Rama Records | 12/30/21 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,975,697 |
| Interest on Savings | $210,462 |
| Dividends & Interest | $344,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,358,403 |
| Capital Gain Net Income | $3,358,403 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,962,762 |
| Total Revenue | $16,851,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $504,106 |
| Other employee salaries and wages | $1,132,518 |
| Pension plans, employee benefits | $540,384 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $52,466 |
| Occupancy | $210,126 |
| Travel, conferences, and meetings | $16,400 |
| Printing and publications | $5,862 |
| Other expenses | $761,654 |
| Total operating and administrative expenses | $3,832,874 |
| Contributions, gifts, grants paid | $4,189,787 |
| Total expenses and disbursements | $8,022,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502 |
| Savings and temporary cash investments | $5,365,965 |
| 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 | $9,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $93,529,846 |
| Net Land, buildings, and equipment | $100,767 |
| Other assets | $2,964,573 |
| Total assets | $149,728,820 |
| 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 | $585,906 |
| Total liabilities | $585,906 |
Grants Awarded
Over the last fiscal year, William Caspar Graustein Memorial Fund has awarded $7,662,137 in support to 202 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: MOVEMENT FOR BLACK LIVES (M4BL) | $200,000 |
Oakland, CA PURPOSE: MOVEMENT FOR BLACK LIVES (M4BL) | $200,000 |
RELAY GRADUATE SCHOOL OF EDUCATION PURPOSE: LIBERATED: AN ANTI-RACIST APPROACH TO SOCIAL AND EMOTIONAL LEARNING | $155,000 |
Hartford, CT PURPOSE: OPERATIONALIZING RACIAL EQUITY ACROSS SYSTEMS | $150,000 |
Hartford, CT PURPOSE: RE CENTER RACE & EQUITY IN EDUCATION | $150,000 |
Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT FOR HEARING YOUTH VOICES | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William Caspar Graustein Memorial Fund has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT THE GRADE-LEVEL READING CAMPAIGN IN CONNECTICUT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
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 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |