Ambrose Monell Foundation
- Assets
- $93.3m
- Revenue
- $21.2m
- Investments
- $87.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 13-1982683
Organization Overview
Ambrose Monell Foundation is located in New York, NY. The organization was established in 1953. 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. Ambrose Monell 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, Ambrose Monell Foundation generated $21.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $21.1m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 5 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, Ambrose Monell Foundation has awarded 523 individual grants totaling $94,705,000. 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 |
|---|---|---|---|
Ambrose K Monell President/treasurer | 10 | $0 | |
Dr Gary K Beauchamp Director | 2 | $0 | |
Maurizio J Morello Executive VP & Assist. Treasurer | 10 | $330,000 | |
Maia Monell Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearbridge Investments | 12/30/23 | $330,177 |
The Northern Trust Company | 12/30/23 | $373,196 |
Mai Capital Management Llc | 12/30/23 | $140,504 |
Covington Associates | 12/30/23 | $117,775 |
Grant Thornton Llp | 12/30/23 | $87,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,831 |
| Dividends & Interest | $8,004,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,233,122 |
| Capital Gain Net Income | $13,233,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,539 |
| Total Revenue | $21,245,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $330,000 |
| Other employee salaries and wages | $25,708 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $277,827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $269 |
| Printing and publications | $273 |
| Other expenses | $150,887 |
| Total operating and administrative expenses | $2,010,481 |
| Contributions, gifts, grants paid | $19,048,333 |
| Total expenses and disbursements | $21,058,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,376 |
| Savings and temporary cash investments | $6,121,248 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,423,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $93,328,074 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ambrose Monell Foundation has awarded $22,540,000 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
ALVIN AILEY AMERICAN DANCE THEATER PURPOSE: GENERAL PURPOSES | $25,000 |
AMERICAN ENTERPRISE INSTITUTE OF PUBLIC POLICY RESEARCH PURPOSE: GENERAL PURPOSES | $100,000 |
BASCOM PALMER EYE INSTITUTE OF THE UNIVERSITY OF MIAMI PURPOSE: GENERAL PURPOSES | $250,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: $300,000 FOR GENERAL PURPOSES AND $200,000 FOR THE INSTITUTE FOR COMPARATIVE GENOMICS | $500,000 |
BLAINE COUNTY HUNGER COALITION PURPOSE: GENERAL PURPOSES | $25,000 |
BOY SCOUTS OF AMERICAGREATER NEW YORK COUNCILS PURPOSE: GENERAL PURPOSES | $25,000 |