The Keith Haring Foundation Inc
- Assets
- $74.6m
- Revenue
- $15.9m
- Investments
- $65.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1991
- Data as of
- 09/2023
- EIN
- 11-0249024
Organization Overview
The Keith Haring Foundation Inc is located in New York, NY. The organization was established in 1991. 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. Keith Haring 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 09/2023, Keith Haring Foundation Inc generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $6.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Keith Haring Foundation Inc has awarded 241 individual grants totaling $20,956,371. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKS OF ART FROM THE CORE COLLECTION ARE LOANED ON A TEMPORARY BASIS TO MUSEUMS AND GALLERIES AROUND THE WORLD.
THE FOUNDATION WEBSITE IS UPDATED WITH INFORMATION ABOUT ALL SHOWS FEATURING WORKS FROM THE COLLECTION, AS WELL AS ALL CHARITIES BENEFITING FROM FOUNDATION PHILANTHROPIC GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Vazquez Pres./exec. Director | 40 | $236,450 | |
Julia Gruen Vp/chairman (from 7/22/23) | 1 | $15,000 | |
Allen Haring Chairman/treasurer (until 7/22/23) | 1 | $15,000 | |
Tom Eccles Director/co-Treasurer (from 7/22/23) | 1 | $15,000 | |
Judith Cox Director/co-Treasurer (from 7/22/23) | 1 | $15,000 | |
Kristen Haring Secretary | 1 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ladas & Parry Llp | 9/29/23 | $839,858 |
Stout Thomas & Johnson | 9/29/23 | $482,390 |
Bank Of America Private Wealth Management | 9/29/23 | $176,939 |
Morgan Stanley | 9/29/23 | $303,015 |
Daniel Wiener | 9/29/23 | $74,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,438 |
| Dividends & Interest | $1,690,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,353,488 |
| Capital Gain Net Income | $5,444,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,819,095 |
| Total Revenue | $15,916,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $326,450 |
| Other employee salaries and wages | $668,512 |
| Pension plans, employee benefits | $287,914 |
| Interest | $0 |
| Taxes | $295,424 |
| Depreciation | $5,837 |
| Occupancy | $474,450 |
| Travel, conferences, and meetings | $26,710 |
| Printing and publications | $0 |
| Other expenses | $262,707 |
| Total operating and administrative expenses | $4,388,151 |
| Contributions, gifts, grants paid | $2,387,486 |
| Total expenses and disbursements | $6,775,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,623,055 |
| 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 | $3,783,276 |
| Net Land, buildings, and equipment | $11,669 |
| Other assets | $3,986,450 |
| Total assets | $74,604,327 |
| 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, The Keith Haring Foundation Inc has awarded $2,387,486 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR POSITIVE CHANGE PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $40,000 |
AMERICAN MUSEUM OF THE MOVING IMAGE PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $20,000 |
ART START PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $10,000 |
BROOKLYN COMMUNITY PRIDE CENTER PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $15,000 |
CALLEN-LORDE COMMUNITY HEALTH CENTER PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $1,030 |
CONVERGE 45 PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $624 |