Adolph & Esther Gottlieb Foundation
- Assets
- $33.8m
- Revenue
- $1.9m
- Investments
- $20.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1976
- Data as of
- 06/2021
- EIN
- 13-2853957
Organization Overview
Adolph & Esther Gottlieb Foundation is located in New York, NY. The organization was established in 1976. 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. Adolph & Esther Gottlieb 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 06/2021, Adolph & Esther Gottlieb Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 7.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanford Hirsch Executive Director/secretary/treasurer | 40 | $208,080 | |
Nancy Litwin Art Collection Manag | 40 | $104,232 | |
Melissa Joseph Grants Manager | 40 | $75,955 | |
Gordon Marsh Through 122020 Director | 1 | $0 | |
Charlotta Kotik President | 1 | $0 | |
Robert Mangold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,619 |
| Dividends & Interest | $298,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $573,506 |
| Capital Gain Net Income | $573,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,026,867 |
| Total Revenue | $1,908,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $208,080 |
| Other employee salaries and wages | $224,488 |
| Pension plans, employee benefits | $95,328 |
| Interest | $0 |
| Taxes | $67,698 |
| Depreciation | $650 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,989 |
| Total operating and administrative expenses | $816,571 |
| Contributions, gifts, grants paid | $703,400 |
| Total expenses and disbursements | $1,519,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,864 |
| 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 | $57,708 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $804 |
| Other assets | $13,330,809 |
| Total assets | $33,809,162 |
| Accounts payable and accrued expenses | $49,393 |
| 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 | $49,393 |
Grants Awarded
Over the last fiscal year, Adolph & Esther Gottlieb Foundation has awarded $703,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIVIDUAL GRANTEES UNDER LACK OF F PURPOSE: THE FOUNDATION'S GRANT-MAKING PROCEDURES FOR GRANTS TO ARTISTS WHO LACK FINANCIAL RESOURCES FOR FULL UTILIZATION OF THEIR ARTISTIC TALENT WAS APPROVED BY THE INTERNAL REVENUE SERVICE BY A LETTER DATED SEPTEMBER 21, 1976. ALL THE ARTISTS RECEIVING GRANTS DURING THE TAXABLE YEAR WERE UNRELATED TO THE FOUNDATION.EACH OF THE FOLLOWING NAMED INDIVIDUAL ARTISTS RECEIVED A GRANT OF$25,000 UNDER THIS PROGRAM. TOTAL OF ALL GRANTS WAS $500,000 JORDAN WEST JENNIFER DUBNAU TAKUJI HAMANAKAOSCAR SATIO OIWABRENDA GARAND KRISHNARAJ CHONATSARAH LEONARD SAJAL SARKAR DAVID SANDOW BIRKSAM AINSLEY FEDERICO SILVA LOMBARDOPERLA KRAUZE ANNA HEPLER DAVID NIEC KAKHABER TATISHVILIPRADEEP SUKUMARAN ELAFROUGUI MOUSTAPHANICOLAS H. LARA REHAB EL SADEK AGUSTIN POZO | $500,000 |
INDIVIDUAL GRANTEES OF EMERGENCY SU PURPOSE: EMERGENCY SUPPORT GRANT PROGRAMTHE FOUNDATION MAINTAINS RECORDS FOR EACH EMERGENCY SUPPORTGRANTEE AS THE BASIS FOR THE AWARDING OF SUCH GRANT. THESE RECORDSARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON THEIR REQUEST.GRANTS WERE MADE TO 33 INDIVIDUAL GRANTEES UNDER THIS PROGRAM. THE TOTAL OF THE GRANTS AWARDED UNDER THIS PROGRAM WAS $193,400. | $193,400 |
CHIPS PURPOSE: FOR DISTRIBUTIONS TO INDIVIDUALS WHO HAVE CURRENT NEED FOR FUNDS DUE TO THE IMPACT OF THE COVID-19 PANDEMIC | $5,000 |
Brooklyn, NY PURPOSE: FOR DISTRIBUTIONS TO INDIVIDUALS WHO HAVE CURRENT NEED FOR FUNDS DUE TO THE IMPACT OF THE COVID-19 PANDEMIC | $5,000 |
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 |