The Caroline And Sigmund Schott Fund
- Assets
- $49.4m
- Revenue
- $4.2m
- Investments
- $47.8m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 11-2856561
Organization Overview
The Caroline And Sigmund Schott Fund is located in Cambridge, MA. The organization was established in 1987. 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. Caroline And Sigmund Schott 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 06/2021, Caroline And Sigmund Schott Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 22.6% per year over the past 5 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, Caroline And Sigmund Schott Fund has awarded 62 individual grants totaling $11,174,693. 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 |
|---|---|---|---|
Greg Jobin-Leeds Chair/president/treasurer | 6 | $0 | |
Maria Jobin-Leeds Vice-Chair/secretary | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 6/29/20 | $60,731 |
A & B Consulting Llc | 6/29/20 | $52,420 |
Cambridge Associates Llc | 6/29/20 | $60,731 |
A & B Consulting Llc | 6/29/20 | $52,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $313 |
| Dividends & Interest | $649,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,275,109 |
| Capital Gain Net Income | $2,275,109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,236,708 |
| Total Revenue | $4,162,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $39,172 |
| Pension plans, employee benefits | $5,849 |
| Interest | $0 |
| Taxes | $68,875 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,174 |
| Printing and publications | $11,711 |
| Other expenses | $30,833 |
| Total operating and administrative expenses | $700,627 |
| Contributions, gifts, grants paid | $5,027,996 |
| Total expenses and disbursements | $5,728,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,546,580 |
| Savings and temporary cash investments | $29,184 |
| 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 | $1,696 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,362,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,000 |
| Total assets | $49,395,839 |
| Accounts payable and accrued expenses | $132,484 |
| Grants payable | $3,649,574 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $52,900 |
| Total liabilities | $3,834,958 |
Grants Awarded
Over the last fiscal year, The Caroline And Sigmund Schott Fund has awarded $5,027,996 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: EDUCATION EXCELLENCE | $3,250,000 |
Cambridge, MA PURPOSE: EDUCATION EXCELLENCE | $800,000 |
Cambridge, MA PURPOSE: NURTURE SOCIALLY CONSCIOUS ARTISTS | $535,422 |
COMMON GOOD PURPOSE: TO CREATE DEMOCRATIC, COMMUNITY-BASED ECONOMIC SOLUTIONS FOR SUSTAINABILITY, ECONOMIC JUSTICE, AND THE GOOD OF ALL. | $250,000 |
Cambridge, MA PURPOSE: NURTURE SOCIALLY CONSCIOUS ARTISTS | $119,574 |
New Market, TN PURPOSE: TO WORK WITH PEOPLE FIGHTING FOR JUSTICE, EQUALITY AND SUSTAINABILITY, SUPPORTING THIER EFFORTS TO TAKE COLLECTIVE ACTION TO SHAPE THEIR OWN DESTINY. | $20,000 |
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 |