Carnegie Corporation Of New York
- Assets
- $4.7b
- Revenue
- $324.1m
- Investments
- $4.7b
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 09/2021
- EIN
- 13-1628151
Organization Overview
Carnegie Corporation Of New York is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie Corporation Of New York 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 09/2021, Carnegie Corporation Of New York generated $324.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $176.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carnegie Corporation Of New York has awarded 7,329 individual grants totaling $2,055,668,825. 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:
SEE STATEMENT 22
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Baumgartner Started On 12220 Chief Investment Officer | 50 | $1,027,115 | |
Vartan Gregorian See Stmt 19 21 President (until 4/15/21) | 60 | $613,375 | |
Jon-Michael Consalvo Managing Dir, Invest | 50 | $505,000 | |
Robert Seman VP & Chief Financial Officer | 50 | $499,685 | |
Laverne Srinivasan Vp, Nat'l Program & Program Dir. Edu | 50 | $387,500 | |
Deana Arsenian VP Int'l Program Dir, Russia & Eurasia | 50 | $387,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bank Of New York Mellon | 9/29/21 | $515,606 |
Oakview Capital Management | 9/29/21 | $402,105 |
Rsm Us Llp | 9/29/21 | $368,945 |
Holdco Asset Management | 9/29/21 | $182,003 |
Simpson Thacher & Bartlett | 9/29/21 | $167,511 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,831 |
| Dividends & Interest | $751,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $298,567,430 |
| Capital Gain Net Income | $236,361,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,803,040 |
| Total Revenue | $324,137,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,329,064 |
| Other employee salaries and wages | $9,929,913 |
| Pension plans, employee benefits | $6,358,283 |
| Interest | $475,791 |
| Taxes | $3,869,314 |
| Depreciation | $826,903 |
| Occupancy | $3,058,362 |
| Travel, conferences, and meetings | $221,555 |
| Printing and publications | $765,233 |
| Other expenses | $2,612,050 |
| Total operating and administrative expenses | $45,793,410 |
| Contributions, gifts, grants paid | $130,326,254 |
| Total expenses and disbursements | $176,119,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,471 |
| Savings and temporary cash investments | $128,571 |
| 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 | $2,430,984 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,299,547,016 |
| Net Land, buildings, and equipment | $5,144,923 |
| Other assets | $97,180 |
| Total assets | $4,684,968,837 |
| Accounts payable and accrued expenses | $5,948,216 |
| Grants payable | $100,949,083 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $29,132,077 |
| Total liabilities | $136,029,376 |
Grants Awarded
Over the last fiscal year, Carnegie Corporation Of New York has awarded $223,740,548 in support to 945 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: FOR SUPPORT OF THE AFRICAN PEACEBUILDING NETWORK AND NEXT GENERATION SOCIAL SCIENCES IN AFRICA PROGRAM | $3,652,000 |
New York, NY PURPOSE: FOR CORE SUPPORT OF THE FOUR FREEDOMS FUND, A DONOR COLLABORATIVE ON IMMIGRANT CIVIC INTEGRATION AT THE STATE LEVEL | $3,400,000 |
New York, NY PURPOSE: FOR THE CARNEGIE AFRICAN DIASPORA FELLOWSHIP PROGRAM | $2,600,000 |
New York, NY PURPOSE: FOR CORE SUPPORT OF THE STATE INFRASTRUCTURE FUND, A DONOR COLLABORATIVE FOCUSED ON NONPARTISAN VOTER ENGAGEMENT | $2,000,000 |
New York, NY PURPOSE: FOR A PROJECT TO EXPAND THE OPENSCIED SCIENCE CURRICULUM INTO ELEMENTARY AND HIGH SCHOOL | $1,900,000 |
New York, NY PURPOSE: AS A FINAL GRANT FOR FELLOWSHIPS IN THE HUMANITIES IN AFRICA | $1,855,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Carnegie Corporation Of New York has recieved totaling $1,610,659.
| Awarding Organization | Amount |
|---|---|
Carnegie Corporation Of New York New York, NY PURPOSE: MATCHING GIFT PROGRAM | $676,880 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR THE DISSEMINATION OF THE CORPORATION'S WORK | $500,079 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR CORPORATION-WIDE NONPROFIT AND PHILANTHROPY SUPPORTING MEMBERSHIPS PROVIDING RESOURCES INCLUDING CURRENT LEGAL AND COMPLIANCE INFORMATION, BEST PRACTICES, NETWORKING, AND PROFESSIONAL DEVELOPMENT IN FISCAL YEAR 2021 | $413,700 |
Carnegie Corporation Of New York New York, NY PURPOSE: FOR A CORPORATION-SPONSORED STAFF VOLUNTEER DAY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Corporation Of New York New York, NY | $4,684,968,837 | $324,137,499 |
Donorschoose Org New York, NY | $131,250,039 | $187,317,028 |
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |