Metlife Foundation
- Assets
- $165.6m
- Revenue
- $68.2m
- Investments
- $127.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 13-2878224
Organization Overview
Metlife Foundation is located in New York, NY. The organization was established in 1986. 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. Metlife 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 12/2021, Metlife Foundation generated $68.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $30.1m during the year ending 12/2021. 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 - NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Dennis White Director, President & CEO | 0 | $0 | |
Michael Zarcone Director, Chair | 0.8 | $0 | |
Ramy Tadros Director | 0.4 | $0 | |
Theresa Baker Counsel & Secretary (officer) | 1.2 | $0 | |
Susan Podlogar Director | 0.4 | $0 | |
John Calise Controller (officer) | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Odyssey Teams Inc | 12/30/20 | $886,529 |
Gp Strategies Corporation | 12/30/20 | $85,444 |
Odyssey Teams Inc | 12/30/20 | $0 |
Gp Strategies Corporation | 12/30/20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,748,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,499,397 |
| Capital Gain Net Income | $14,687,330 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,250 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,248,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213,717 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,299 |
| Total operating and administrative expenses | $361,929 |
| Contributions, gifts, grants paid | $29,702,928 |
| Total expenses and disbursements | $30,064,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,514,329 |
| Savings and temporary cash investments | $0 |
| 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 | $12,556,040 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $173,193 |
| Total assets | $165,642,745 |
| Accounts payable and accrued expenses | $18,358,957 |
| 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 | $5,840 |
| Total liabilities | $18,364,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |