Mertz Gilmore Foundation
- Assets
- $107.6m
- Revenue
- $10.4m
- Investments
- $98.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1963
- Data as of
- 12/2020
- EIN
- 13-2872722
Organization Overview
Mertz Gilmore Foundation is located in New York, NY. The organization was established in 1963. 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 the central organization for a national or regional group of organizations. Mertz Gilmore 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, Mertz Gilmore Foundation generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mertz Gilmore Foundation has awarded 922 individual grants totaling $33,410,300. 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 |
|---|---|---|---|
Golden Beckner Jr President | 35 | $332,052 | |
Marion Cappiello Chief Financial & Admin. Officer | 35 | $201,936 | |
Leah Krauss Senior Program Offic | 35 | $148,560 | |
Trellis Stepter Senior Program Offic | 35 | $138,252 | |
Vanessa Llana Executive Assistant | 35 | $97,056 | |
Mary Piccione Grants/systems Manag | 30 | $89,964 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management | 12/30/21 | $176,288 |
Silchester International Investors | 12/30/21 | $117,942 |
Eurostruct Inc | 12/30/21 | $156,719 |
Monticello Associates | 12/30/21 | $100,000 |
The Raine Group Llc | 12/30/21 | $78,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,910,148 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,433,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,142,820 |
| Capital Gain Net Income | $5,142,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$125,578 |
| Total Revenue | $10,360,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $591,556 |
| Other employee salaries and wages | $731,455 |
| Pension plans, employee benefits | $499,597 |
| Interest | $0 |
| Taxes | $100,000 |
| Depreciation | $552,354 |
| Occupancy | $126,653 |
| Travel, conferences, and meetings | $28,195 |
| Printing and publications | $0 |
| Other expenses | $113,964 |
| Total operating and administrative expenses | $3,598,714 |
| Contributions, gifts, grants paid | $10,801,650 |
| Total expenses and disbursements | $14,400,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,277 |
| Savings and temporary cash investments | $3,143,731 |
| 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 | $92,087,244 |
| Net Land, buildings, and equipment | $5,484,614 |
| Other assets | $444,901 |
| Total assets | $107,613,616 |
| 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, Mertz Gilmore Foundation has awarded $18,982,650 in support to 485 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT SOUTH PURPOSE: GULF SOUTH GREEN NEW DEAL NETWORK (GULF COAST CENTER FOR LAW AND POLICY) | $500,000 |
PROJECT SOUTH PURPOSE: GULF SOUTH GREEN NEW DEAL NETWORK (GULF COAST CENTER FOR LAW AND POLICY) | $500,000 |
PROJECT SOUTH PURPOSE: GULF SOUTH GREEN NEW DEAL NETWORK (GULF COAST CENTER FOR LAW AND POLICY) | $500,000 |
Amherst, MA PURPOSE: GENERAL SUPPORT OF THE PIPER FUND | $300,000 |
Washington, DC PURPOSE: GENERAL SUPPORT (OPENSECRETS) | $200,000 |
Washington, DC PURPOSE: GENERAL SUPPORT (OPENSECRETS) | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |