Rockefeller Brothers Fund Inc
- Assets
- $1.7b
- Revenue
- $94.7m
- Investments
- $1.6b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 13-1760106
Organization Overview
Rockefeller Brothers Fund Inc is located in New York, NY. The organization was established in 1997. 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. Rockefeller Brothers Fund 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, Rockefeller Brothers Fund Inc generated $94.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $90.4m during the year ending 12/2021. While expenses have increased by 13.4% per year over the past 4 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 2020, Rockefeller Brothers Fund Inc has awarded 1,455 individual grants totaling $137,962,753. 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 POCANTICO CENTER IS MANAGED BY THE ROCKEFELLER BROTHERS FUND AS PART OF ITS AGREEMENT WITH THE NATIONAL TRUST FOR HISTORIC PRESERVATION, ENTERED INTO IN 1991, UNDER WHICH THE FUND IS RESPONSIBLE FOR THE RENOVATION, MAINTENANCE, AND OPERATION OF THIS HISTORIC SITE. IT ALSO SERVES AS A COMMUNITY RESOURCE, AND OFFERS PUBLIC ACCESS THROUGH A VISITATION PROGRAM, LECTURES AND CULTURAL EVENTS. IN 2021, DUE TO COVID-19, THE VISITATION PROGRAM CONTINUED TO BE CEASED. DURING 2021, 23 PUBLIC PROGRAMS WERE HELD, INCLUDING 2 FORUM/LECTURE/SYMPOSIUMS, 5 RESIDENCIES, 4 SUMMER PERFORMANCES, 3 SMALL PERFORMANCES, 1 COMMUNITY OUTREACH AND EDUCATION PROGRAM, AND 8 OTHER EDUCATIONAL PROGRAMS. THE PUBLIC PROGRAMS HELD IN 2021 INCLUDE BOTH IN-PERSON AND VIRTUAL PROGRAMS.
A CONSTRUCTION PROJECT CENTERED AROUND THE REUSE OF THE ORANGERIE, BUILT BY JOHN D. ROCKEFELLER IN 1908 ON THE HISTORIC ROCKEFELLER FAMILY ESTATE AND BEQUEATHED TO THE NATIONAL TRUST FOR HISTORIC PRESERVATION IN 1979 BY NELSON ROCKEFELLER, CONTINUED THROUGHOUT 2021. THE PROJECT WILL TRANSFORM THE LONG-DORMANT BUILDING INTO WHAT WILL BE ESTABLISHED AS THE DAVID ROCKEFELLER CREATIVE ARTS CENTER, A VIBRANT PUBLIC VENUE THAT WILL NURTURE THE ARTS BOTH LOCALLY AND GLOBALLY, WITH WORLD CLASS PERFORMANCES AND EXHIBITS, RESIDENCIES FOR ARTISTS WORKING ACROSS DISCIPLINES, AND SPACE FOR SCHOOL AND COMMUNITY CULTURAL PROGRAMS. THE VENUE IS EXPECTED TO OPEN IN FALL 2022.
DURING 2021, 11 MEMBERS OF THE STAFF OF ROCKEFELLER BROTHERS FUND PROVIDED TECHNICAL ASSISTANCE TO CHARITABLE ORGANIZATIONS, GOVERNMENTAL BODIES AND COMMITTEES, AND 17 MEMBERS OF THE STAFF SERVED ON 59 CHARITABLE ORGANIZATIONS' BOARDS, COMMITTEES, PUBLIC COMMISSIONS, OR TASK FORCES.
THE POCANTICO CENTER OF THE ROCKEFELLER BROTHERS FUND, LOCATED WITHIN THE POCANTICO HISTORIC AREA (SEE ACTIVITY 1, ABOVE), BEGAN OPERATIONS IN APRIL OF 1994. THE POCANTICO CENTER IS A VENUE FOR CONFERENCES AND MEETINGS ON CRITICAL ISSUES RELATED TO THE ROCKEFELLER BROTHERS FUND'S MISSION. THE POCANTICO CENTER ALSO HOSTS ARTIST RESIDENCIES AND PROVIDES PERFORMANCE SPACE FOR ARTISTS SELECTED BY RBF GRANTEES AND NEW YORK CITY ARTS ORGANIZATIONS. DUE TO THE COVID-19 PANDEMIC, THE POCANTICO CENTER REMAINED CLOSED FOR MOST OF 2021, AND RESUMED IN-PERSON CONVENINGS IN OCTOBER 2021.THE POCANTICO CENTER HELD 8 CONFERENCES AND MEETINGS IN 2021, INCLUDING SOME WHICH WERE HELD VIRTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen B Heintz Trustee, President & CEO | 45 | $726,900 | |
Elizabeth C Campbell Executive Vp, Programs& Communications | 45 | $426,214 | |
Geraldine F Watson Executive Vp, Finance & Operations | 45 | $426,214 | |
Mark Adiedo - Vp People Culture/chief Diversity Officer | 45 | $305,086 | |
Judy A Clark Executive Director - Pocantico Center | 45 | $291,181 | |
Nancy L Muirhead Counsel & Corporate Secretary | 45 | $291,181 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yorke Construction Corporation | 12/30/21 | $11,783,349 |
Greenrock Corporation | 12/30/21 | $3,064,377 |
Investure Llc | 12/30/21 | $617,872 |
All-bright Electric | 12/30/21 | $722,334 |
Agility | 12/30/21 | $8,390,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,581,618 |
| Interest on Savings | $1,313 |
| Dividends & Interest | $4,707,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,620,335 |
| Capital Gain Net Income | $149,247,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $754,587 |
| Total Revenue | $94,665,303 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,466,776 |
| Other employee salaries and wages | $4,576,502 |
| Pension plans, employee benefits | $3,534,766 |
| Interest | $0 |
| Taxes | $5,948,235 |
| Depreciation | $1,144,136 |
| Occupancy | $940,105 |
| Travel, conferences, and meetings | $336,101 |
| Printing and publications | $96,050 |
| Other expenses | $1,608,552 |
| Total operating and administrative expenses | $36,770,103 |
| Contributions, gifts, grants paid | $53,593,013 |
| Total expenses and disbursements | $90,363,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,898,821 |
| Savings and temporary cash investments | $51,396,866 |
| Net Accounts receivable | $2,887,340 |
| Net Pledges Receivable | $1,935,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $468,698 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $652,388 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $2,177,265 |
| Investments—other | $1,372,670,476 |
| Net Land, buildings, and equipment | $8,632,140 |
| Other assets | $19,714,484 |
| Total assets | $1,654,004,790 |
| Accounts payable and accrued expenses | $18,190,244 |
| Grants payable | $17,141,885 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,402,796 |
| Total liabilities | $47,734,925 |
Grants Awarded
Over the last fiscal year, Rockefeller Brothers Fund Inc has awarded $71,365,052 in support to 728 organizations.
| Grant Recipient | Amount |
|---|---|
TIDES FOUNDATION PURPOSE: FOR ITS PROJECT, THE GREEN NEW DEAL NETWORK | $2,000,000 |
Washington, DC PURPOSE: FOR ITS DEMOCRACY FRONTLINES FUND | $1,980,000 |
New York, NY PURPOSE: FOR THE PARTNERSHIP FOR AMERICAN DEMOCRACY, AN INITIATIVE OF ITS PROJECT, OFFICE OF AMERICAN POSSIBILITIES | $1,000,000 |
FRONTLINE AIDS PURPOSE: FOR ITS PROJECT, THE PEOPLE'S VACCINE ALLIANCE | $750,000 |
New York, NY PURPOSE: FOR ITS ENERGY TRANSITION FUND | $700,000 |
SHENZHEN GOALBLUE LOW CARBON DEVELOPMENT PROMOTING CENTER PURPOSE: FOR EMPOWERING YOUTH INFLUENCERS IN SUSTAINABLE CONSUMPTION AND LOW-CARBON LIFESTYLE | $550,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rockefeller Brothers Fund Inc has recieved totaling $2,316,000.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR MULTI-STAKEHOLDER CARBON NEUTRALITY STRATEGY DEVELOPMENT AND IMPLEMENTATION IN CHINA | $1,500,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $536,000 |
Ford Foundation New York, NY PURPOSE: TO DEVELOP PUBLIC ENGAGEMENT, ACCESS, AND DIVERSITY STRATEGIES FOR THE DAVID ROCKEFELLER CREATIVE ARTS CENTER AT THE POCANTICO CENTER | $250,000 |
Climateworks Foundation San Francisco, CA PURPOSE: PROJECT SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |