William T Grant Foundation Inc
- Assets
- $386.8m
- Revenue
- $17.1m
- Investments
- $371.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 12/2022
- EIN
- 13-1624021
Organization Overview
William T Grant Foundation Inc is located in New York, NY. The organization was established in 1938. 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 T Grant 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 12/2022, William T Grant Foundation Inc generated $17.1m 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 (11.6%) each year. All expenses for the organization totaled $21.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William T Grant Foundation Inc has awarded 879 individual grants totaling $110,214,240. 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
2022
Describe the Organization's Program Activity:
SUPPORT FOR WILLIAM T. GRANT SCHOLARS - THE FOUNDATION HOSTS AN ANNUAL RETREAT TO BRING TOGETHER THE ACTIVE COHORTS OF WILLIAM T. GRANT SCHOLARS. IN 2022, THE MEETING WAS HELD IN SANTA FE, NEW MEXICO - 48 PEOPLE ATTENDED; 31 WERE SCHOLARS. THE MEETING IS DESIGNED TO FOSTER A SUPPORTIVE ENVIRONMENT IN WHICH SCHOLARS CAN IMPROVE THEIR SKILLS AND WORK. THE RETREAT CONSISTS OF WORKSHOPS CENTERED ON SCHOLARS' PROJECTS, RESEARCH DESIGN AND METHODS ISSUES, AND PROFESSIONAL DEVELOPMENT. ADDITIONALLY, THE FOUNDATION SUPPORTS MENTORS FOR EACH SCHOLAR. COMBINED WITH THOSE CHOSEN IN PREVIOUS YEARS, THE FOUNDATION SUPPORTED 41 SCHOLARS IN 2022.
MEETING PARTICIPATION AND SPONSORSHIP - IN 2022, FOUNDATION STAFF LED, PARTICIPATED IN, OR DELIVERED VIRTUAL PRESENTATIONS AT MORE THAN APPROXIMATELY 55 CONVENINGS IN AREAS OF INTEREST TO THE FOUNDATION. THESE INCLUDED FOUNDATION-SPONSORED GRANTEE MEETINGS, RESEARCH CONFERENCES, AND NETWORK BUILDING OPPORTUNITIES.
SUPPORT FOR YOUTH SERVICE IMPROVEMENT GRANTEES - THE FOUNDATION PROVIDES TECHNICAL ASSISTANCE TO RECIPIENTS OF OUR YOUTH SERVICE IMPROVEMENT GRANTS AND YOUTH SERVICE CAPACITY-BUILDING GRANTS, WHICH ARE AWARDED TO ORGANIZATIONS SEEKING TO IMPROVE THE SERVICES THEY PROVIDE TO YOUNG PEOPLE AGES 5 TO 25 IN THE FIVE BOROUGHS OF NEW YORK CITY. TECHNICAL ASSISTANCE, PROVIDED THROUGH A THIRD PARTY, CONSISTS OF: 1) ON-SITE CONSULTATION WITH INDIVIDUAL GRANTEES TO REFINE IMPROVEMENT PROJECT GOALS, INDICATORS, AND IMPLEMENTATION STRATEGIES; AND 2) LEARNING COMMUNITY MEETINGS BY COHORT FOCUSED ON AREAS OF COMMON INTEREST.
PUBLICATIONS - THE FOUNDATION SUPPORTS WRITING AND DISSEMINATION OF INFORMATION IN OUR FOCUS AREAS. THESE INCLUDE WHITE PAPERS, ESSAYS, BOOKS, AND OTHER PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Gamoran President | 50 | $607,207 | |
Scott Evans Chairperson | 1.5 | $5,000 | |
Russell Pennoyer Trustee | 1.5 | $9,500 | |
Judson Reis Trustee | 1.5 | $10,000 | |
Noah Walley Trustee | 1.5 | $9,000 | |
Prudence L Carter Trustee | 1.5 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mass General Hospital | 12/30/22 | $83,490 |
Pkf O'connor Davies | 12/30/22 | $85,000 |
Silvercrest Asset Mgmt | 12/30/22 | $139,723 |
Bank Of New York Mellon | 12/30/22 | $142,909 |
Eagle Capital Management | 12/30/22 | $219,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $650,000 |
| Interest on Savings | $3,517 |
| Dividends & Interest | $2,849,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,412,331 |
| Capital Gain Net Income | $6,499,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230,451 |
| Total Revenue | $17,145,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,343,107 |
| Other employee salaries and wages | $1,565,977 |
| Pension plans, employee benefits | $1,200,001 |
| Interest | $0 |
| Taxes | $187,112 |
| Depreciation | $0 |
| Occupancy | $864,459 |
| Travel, conferences, and meetings | $144,208 |
| Printing and publications | $12,406 |
| Other expenses | $953,436 |
| Total operating and administrative expenses | $6,844,603 |
| Contributions, gifts, grants paid | $15,071,158 |
| Total expenses and disbursements | $21,915,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,305,231 |
| Savings and temporary cash investments | $3,026,215 |
| 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 | $97,759 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $278,038,134 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,146,755 |
| Total assets | $386,751,303 |
| Accounts payable and accrued expenses | $263,642 |
| Grants payable | $16,371,575 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,051,766 |
| Total liabilities | $30,686,983 |
Grants Awarded
Over the last fiscal year, William T Grant Foundation Inc has awarded $29,407,601 in support to 226 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX HOUSE PROJECT INC PURPOSE: TRAIN-THE-TRAINER 2.0 | $30,000 |
BROWN UNIVERSITY PURPOSE: WHAT DRIVES RACIAL/ETHNIC DISPARITIES IN SCHOOL DISCIPLINE? UNDERSTANDING MECHANISMS TO INFORM POLICY SOLUTIONS | $38,069 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: A MIXED-METHOD EVALUATION OF THE IMPACT OF SOCIAL RISK SCREENING ON UPTAKE OF SOCIAL ASSISTANCE | $252,304 |
COUNCIL ON FOUNDATIONS INC PURPOSE: 2022 ANNUAL MEMBERSHIP | $20,000 |
EDUCATION WRITERS ASSOCIATION PURPOSE: HELPING JOURNALISTS FIND, UNDERSTAND, AND RESPONSIBLY USE EDUCATION RESEARCH TO INFORM THEIR NEWS COVERAGE | $50,000 |
GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES PURPOSE: GCIR ANNUAL MEMBERSHIP 2022-2023 | $10,000 |