Altman Foundation
- Assets
- $283.3m
- Revenue
- $12.2m
- Investments
- $274.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1919
- Data as of
- 12/2023
- EIN
- 13-1623879
Organization Overview
Altman Foundation is located in New York, NY. The organization was established in 1919. 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. Altman 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 12/2023, Altman Foundation generated $12.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $18.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Altman Foundation has awarded 1,330 individual grants totaling $78,394,559. 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 |
|---|---|---|---|
Jane B O'connell Chair, Trustee | 1.5 | $0 | |
John W Townsend Vice President, Treasurer, Trustee | 1.5 | $0 | |
Beverly F Chase Secretary, Trustee | 1.5 | $0 | |
Deborah T Velazquez President, Trustee | 35 | $378,047 | |
James M Burke Trustee | 1.5 | $0 | |
Wilfred A Finnegan Assistant Treasurer, Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Two Sigma Absolute Return Cayman | 12/30/23 | $511,587 |
Carlyle Credit Opportunities Fund Ii Lp | 12/30/23 | $198,695 |
Davidson Kempner International Ltd | 12/30/23 | $192,213 |
Wilshire Advisors Llc | 12/30/23 | $187,830 |
Carlyle Credit Opportunities Fund Lp | 12/30/23 | $167,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,955 |
| Dividends & Interest | $3,989,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,661,750 |
| Capital Gain Net Income | $7,186,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,466,361 |
| Total Revenue | $12,171,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $378,047 |
| Other employee salaries and wages | $1,086,030 |
| Pension plans, employee benefits | $443,818 |
| Interest | $0 |
| Taxes | $265,396 |
| Depreciation | $101,392 |
| Occupancy | $438,409 |
| Travel, conferences, and meetings | $17,252 |
| Printing and publications | $0 |
| Other expenses | $220,201 |
| Total operating and administrative expenses | $6,480,606 |
| Contributions, gifts, grants paid | $11,916,230 |
| Total expenses and disbursements | $18,396,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,060 |
| Savings and temporary cash investments | $4,825,608 |
| 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 | $65,911 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $274,670,066 |
| Net Land, buildings, and equipment | $491,709 |
| Other assets | $3,191,353 |
| Total assets | $283,326,707 |
| Accounts payable and accrued expenses | $187,398 |
| Grants payable | $3,946,285 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,328,586 |
| Total liabilities | $7,462,269 |
Grants Awarded
Over the last fiscal year, Altman Foundation has awarded $16,496,850 in support to 279 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF MEDICAL & PUBLIC HEALTH SERVICES PURPOSE: TO SUPPORT MENTAL HEALTH THERAPY AND WELLNESS ACTIVITIES FOR LOW-INCOME LATINO AND CHINESE IMMIGRANTS | $50,000 |
ADVOCATES FOR CHILDREN OF NEW YORK INC PURPOSE: TO ASSIST CHILDREN OF LOW-INCOME, VULNERABLE NYC FAMILIES TO SUCCEED IN SCHOOL | $50,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE-MONTEFIORE MEDICAL CENTER PURPOSE: TO EMPLOY COMMUNITY HEALTH WORKERS TO INTEGRATE SOCIAL CARE INTO OBSTETRIC PRACTICE IN THE BRONX | $150,000 |
ALL OUR KIN PURPOSE: TO DEEPEN AND EXPAND ITS WORK WITH FAMILY CHILD CARE EDUCATORS IN NYC | $75,000 |
ALLIANCE OF RESIDENT THEATRES NEW YORK INC (ARTSPOOL) PURPOSE: TO PROVIDE CAPACITY BUILDING SUPPORT FOR ARTSPOOL | $50,000 |
ALLIANCE OF RESIDENT THEATRES NEW YORK INC PURPOSE: TO BUILD A BLUEPRINT FOR ESTABLISHING AND MAINTAINING A HEALTHY TECHNICAL THEATRE AND PRODUCTION WORKFORCE | $50,000 |