Porticus North America Foundation
- Assets
- $34.1m
- Revenue
- $2.7m
- Investments
- $31.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 13-3005012
Organization Overview
Porticus North America Foundation is located in New York, NY. The organization was established in 1979. 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. Porticus North America 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, Porticus North America Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 35.8% per year over the past 7 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.
Since 2015, Porticus North America Foundation has awarded 40 individual grants totaling $7,717,489. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS, GRANTS AND PROGRAM-RELATED INVESTMENTS. THE FOUNDATION DOES NOT
CONDUCT ANY DIRECT CHARITABLE ACTIVITIES HENCE THERE ARE NO EXPENSES IN CONNECTION WITH DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hayes Vice President | 0 | $0 | |
Robert Kushen President | 0 | $0 | |
Daisy A Vazquez Vice President & Secretary | 0 | $0 | |
Coleen A Waldron Vice President & Treasurer | 0 | $0 | |
Jean-Louis Brenninkmeijer Director | 0 | $0 | |
Mark Brenninkmeijer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $449,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,871,074 |
| Capital Gain Net Income | $1,871,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $340,243 |
| Total Revenue | $2,661,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $297,567 |
| Total operating and administrative expenses | $302,729 |
| Contributions, gifts, grants paid | $1,330,689 |
| Total expenses and disbursements | $1,633,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,395 |
| 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 | $31,191,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,760,831 |
| Total assets | $34,132,283 |
| 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, Porticus North America Foundation has awarded $1,330,689 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLABORATIVOPR INC PURPOSE: POSTSECONDARY ACCESS FOR LOIZA'S YOUTH | $354,689 |
THE NEWS LITERACY PROJECT INC PURPOSE: TO BE USED TOWARDS EXPANDING NEWS LITERACY EDUCATION | $250,000 |
SETON EDUCATION PARTNERS PURPOSE: TO BE USED TOWARDS THE SEAMLESS EDUCATION INITIATIVE | $217,000 |
Pine Ridge, SD PURPOSE: COMMUNITY ENGAGEMENT AND ARCHIVAL RESEARCH | $144,000 |
FADICA PURPOSE: TO BE USED TOWARDS CHILD AND VULNERABLE ADULT PROTECTION SUPPORT, GRANT AND PARTNERSHIP MANAGEMENT | $135,000 |
CHILDHOOD EDUCATION INTERNATIONAL PURPOSE: TRANSITION GRANT | $100,000 |
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 |