Jerome L Greene Foundation Inc
- Assets
- $761.2m
- Revenue
- $44.1m
- Investments
- $726.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 13-2960852
Organization Overview
Jerome L Greene Foundation Inc is located in New York, NY. The organization was established in 1978. 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. Jerome L Greene Foundation Inc 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, Jerome L Greene Foundation Inc generated $44.1m 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 (31.8%) each year. All expenses for the organization totaled $39.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerome L Greene Foundation Inc has awarded 140 individual grants totaling $80,634,407. 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 |
|---|---|---|---|
Christina Mcinerney President And CEO | 40 | $436,144 | |
Patricia Tweedley Managing Director | 40 | $156,250 | |
Jennifer Strikowsky Senior Administrator | 40 | $143,333 | |
Barbara Prawdzik Secretary | 40 | $75,000 | |
Jennifer Goodale Program Director | 40 | $68,979 | |
Hildy Simmons Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackstone | 12/30/21 | $1,934,211 |
Robert Weissenstein | 12/30/21 | $600,000 |
Ubs Financial Services Inc | 12/30/21 | $586,533 |
Us Trust Bank Of America Pwm | 12/30/21 | $575,818 |
Merrill Lynch | 12/30/21 | $215,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,738,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,152,374 |
| Capital Gain Net Income | $20,152,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170,012 |
| Total Revenue | $44,061,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $511,144 |
| Other employee salaries and wages | $375,973 |
| Pension plans, employee benefits | $42,495 |
| Interest | $33,760 |
| Taxes | $192,345 |
| Depreciation | $64,403 |
| Occupancy | $149,789 |
| Travel, conferences, and meetings | $5,448 |
| Printing and publications | $1,650 |
| Other expenses | $52,184 |
| Total operating and administrative expenses | $5,546,847 |
| Contributions, gifts, grants paid | $33,659,000 |
| Total expenses and disbursements | $39,205,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,920 |
| Savings and temporary cash investments | $32,428,985 |
| 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 | $99,657,393 |
| Net Land, buildings, and equipment | $1,980,399 |
| Other assets | $0 |
| Total assets | $761,173,462 |
| Accounts payable and accrued expenses | $2,184 |
| 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 | $2,184 |
Grants Awarded
Over the last fiscal year, Jerome L Greene Foundation Inc has awarded $33,659,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $5,500,000 |
New York, NY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $2,515,000 |
New York, NY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $2,500,000 |
New York, NY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $2,500,000 |
New York, NY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $2,075,000 |
New York, NY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $2,000,000 |
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 |