The Rita And Alex Hillman Foundation
- Assets
- $0.0
- Revenue
- $2.6m
- Investments
- $75.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1966
- Data as of
- 12/2020
- EIN
- 13-2560546
Organization Overview
The Rita And Alex Hillman Foundation is located in New York, NY. The organization was established in 1966. 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. Rita And Alex Hillman 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 12/2020, Rita And Alex Hillman Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rita And Alex Hillman Foundation has awarded 218 individual grants totaling $21,487,679. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahrin Mishan Vp/sec/ex Dir | 40 | $375,250 | |
Dori Jaffe Asst Secretary | 20 | $92,400 | |
Linda Le Asst Sec/vp Ops | 40 | $70,000 | |
Takouhi Mosoian Director Ops | 40 | $45,388 | |
Lizanne Fontaine Director | 1 | $0 | |
Kristen Choi Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Ward & Hochman Llp | 12/30/21 | $67,500 |
Morgan Stanley | 12/30/21 | $70,394 |
Offit Capital Advisers | 12/30/21 | $417,678 |
Make Believe Works Llc | 12/30/21 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,197 |
| Dividends & Interest | $1,569,696 |
| Profit on Inventory Sales | $0 |
| Other Income | $187,135 |
| Total Revenue | $2,614,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $574,750 |
| Pension plans, employee benefits | $96,600 |
| Depreciation | $1,956 |
| Occupancy | $156,101 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,065,179 |
| Contributions, gifts, grants paid | $4,565,985 |
| Total expenses and disbursements | $6,631,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,510 |
| Investments—mortgage loans | $0 |
| Investments—other | $58,798,534 |
| Other assets | $17,260,900 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $96,597 |
Grants Awarded
Over the last fiscal year, The Rita And Alex Hillman Foundation has awarded $4,375,811 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
UNC CHAPEL HILL PURPOSE: SUPPORT NURSING EDUCATION | $538,346 |
JOHNS HOPKINS UNIV - CAPABLE PURPOSE: SUPPORT NURSINGEDUCATION | $505,421 |
UNIVERSITY OF PENN SCHOOL OF NURSIN PURPOSE: SUPPORT NURSING EDUCATION | $409,747 |
Brooklyn, NY PURPOSE: ADVANCE ARTS & SOCIAL WELL BEING | $266,500 |
UNIVERSITY OF UTAH PURPOSE: EDUCATION | $201,441 |
Philadelphia, PA PURPOSE: SUPPORT NURSING EDUCATION | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Rita And Alex Hillman Foundation has recieved totaling $650,000.
| Awarding Organization | Amount |
|---|---|
Arthur Vining Davis Foundation 2 Pittsburgh, PA PURPOSE: PALLIATIVE CARE | $400,000 |
Arthur Vining Davis Foundation 2 Pittsburgh, PA PURPOSE: PALLIATIVE CARE | $250,000 |
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 |