Albert & Mary Lasker Foundation Inc
- Assets
- $103.4m
- Revenue
- $9.0m
- Investments
- $96.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1944
- Data as of
- 12/2021
- EIN
- 13-1680062
Organization Overview
Albert & Mary Lasker Foundation Inc is located in New York, NY. The organization was established in 1944. 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. Albert & Mary Lasker 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 12/2021, Albert & Mary Lasker Foundation Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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 2015, Albert & Mary Lasker Foundation Inc has awarded 53 individual grants totaling $5,621,998. 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:
THE ALBERT AND MARY LASKER MEDICAL RESEARCH AWARDS RECOGNIZE AND HONOR INDIVIDUALS OR GROUPS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS IN BASIC OR CLINICAL RESEARCH AND IN SPECIAL ACHIEVEMENT OR PUBLIC SERVICE ON BEHALF OF HEALTH AND MEDICAL RESEARCH IN THE DISEASES THAT ARE THE MAIN CAUSES OF DEATH AND DISABILITY.
OTHER PROGRAMS SUPPORT NEW INITIATIVES THAT FURTHER THE FOUNDATION'S MISSION. THESE INITIATIVES INCLUDE EDUCATIONAL FORUMS, SCHOLARLY STUDY, AND STUDY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Pomeroy MD MBA President | 40 | $420,137 | |
David N Keegan Senior Program Dir | 40 | $155,304 | |
Beatrice Renault Strategy Officer | 22 | $130,356 | |
Lucy J Rinaldi Chief Investment | 25 | $101,146 | |
Courtney Nandagiri Project Manager | 40 | $99,223 | |
Marshall W Fordyce MD Sec & Treas/dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Venture Fund | 12/30/21 | $100,000 |
Crewcial Partners Llc | 12/30/21 | $160,207 |
R&s Chrysler Llc | 12/30/21 | $298,174 |
Counterpoint Media | 12/30/21 | $57,075 |
Bencivenga Ward & Company Cpas Pc | 12/30/21 | $151,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $262,232 |
| Interest on Savings | $201 |
| Dividends & Interest | $1,347,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,314,469 |
| Capital Gain Net Income | $6,493,086 |
| Net ST Capital Gain | $1,241,331 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,123 |
| Total Revenue | $9,011,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $451,760 |
| Other employee salaries and wages | $491,612 |
| Pension plans, employee benefits | $210,174 |
| Interest | $0 |
| Taxes | $334,263 |
| Depreciation | $5,079 |
| Occupancy | $282,808 |
| Travel, conferences, and meetings | $341 |
| Printing and publications | $20,074 |
| Other expenses | $861,485 |
| Total operating and administrative expenses | $3,993,353 |
| Contributions, gifts, grants paid | $850,500 |
| Total expenses and disbursements | $4,843,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,582 |
| Savings and temporary cash investments | $4,038,349 |
| Net Accounts receivable | $2,469,657 |
| Net Pledges Receivable | $2,000 |
| 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 | $285,915 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $87,830,126 |
| Net Land, buildings, and equipment | $12,257 |
| Other assets | $61,877 |
| Total assets | $103,375,040 |
| Accounts payable and accrued expenses | $308,113 |
| 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 | $410,000 |
| Total liabilities | $718,113 |
Grants Awarded
Over the last fiscal year, Albert & Mary Lasker Foundation Inc has awarded $850,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID BALTIMORE PURPOSE: GENERAL AWARD | $250,000 |
KATALIN KARIKO PURPOSE: GENERAL AWARD | $125,000 |
DREW WEISSMAN PURPOSE: GENERAL AWARD | $125,000 |
PETER HEGEMANN PURPOSE: GENERAL AWARD | $100,000 |
KARL DEISSEROTH PURPOSE: GENERAL AWARD | $100,000 |
DIETER OESTERHELT PURPOSE: GENERAL AWARD | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert & Mary Lasker Foundation Inc has recieved totaling $10,583.
| Awarding Organization | Amount |
|---|---|
Pew Charitable Trusts Washington, DC PURPOSE: Matching Gift | $10,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
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 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |