Greentree Foundation
- Assets
- $350.9m
- Revenue
- $21.3m
- Investments
- $279.9m
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 11/1982
- Data as of
- 12/2021
- EIN
- 13-3132117
Organization Overview
Greentree Foundation is located in Manhasset, NY. The organization was established in 1982. 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. Greentree 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, Greentree Foundation generated $21.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $9.4m 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
1. INTERNATIONAL MEETINGSGREENTREE, THE FORMER WHITNEY FAMILY HOME IN MANHASSET, NEW YORK, IS BEING PRESERVED AND ACTIVELY MANAGED IN AN ENVIRONMENTALLY RESPONSIBLE MANNER TO SERVE AS A PLACE FOR PROGRAMS AND HIGH-LEVEL INTERNATIONAL MEETINGS DEVOTED TO THE ADVANCEMENT OF PEACE, HUMAN RIGHTS, AND COOPERATION AMONG NATIONS. SINCE 2000, THE UNITED NATIONS, PUBLIC CHARITIES, GOVERNMENTAL ENTITIES AND OTHER INTERNATIONAL, PHILANTHROPIC ORGANIZATIONS DEVOTED TO THESE ISSUES HAVE BEEN MEETING AT GREENTREE. IN ADDITION, THE FOUNDATION HAS DESIGNED AND HELD MEETINGS REGARDING SUCH ISSUES AS MATERNAL AND CHILD HEALTH AND THE U.N.'S SUSTAINABLE DEVELOPMENT GOALS.
2. LONG ISLAND MEETINGS THE FOUNDATION HOSTS MEETINGS AT GREENTREE FOR SEVERAL LONG ISLAND PHILANTHROPIES. MANY OF THE MEETINGS BRING DONORS TOGETHER TO COLLABORATE ON ISSUES OF CONCERN IN THE COMMUNITY.
3. SUSTAINABLE LAND AND WILDLIFE MANAGEMENTTHE FOUNDATION PRACTICES ENVIRONMENTALLY SENSITIVE LAND MANAGEMENT, CONSERVING 80 PERCENT OF GREENTREE IN ITS NATURAL STATE. WITH 400 ACRES OF ROLLING HILLS, GARDENS AND WOODLANDS, GREENTREE IS ONE OF NASSAU COUNTY'S LARGEST OPEN SPACES, AND IT HELPS SUSTAIN THE AQUIFER THAT PROVIDES FRESH WATER FOR MUCH OF THE REGION. THE FOUNDATION RUNS SEVERAL ENVIRONMENTAL RESEARCH AND EDUCATION PROGRAMS, INCLUDING PROGRAMS TO STUDY AND PROMOTE ANIMAL AND PLANT LIFE AT GREENTREE, AS WELL AS THE TEACHERS' ECOLOGY WORKSHOP, AN INTENSIVE, IMMERSIVE EXPERIENCE THAT PROVIDES ELEMENTARY, MIDDLE AND HIGH SCHOOL TEACHERS WITH THE KNOWLEDGE AND SKILLS TO TEACH AND INCORPORATE SCIENCE INTO THEIR CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Gabriel Treasurer & President | 40 | $407,936 | |
Ahmad Dawwas Director, Conference | 40 | $225,701 | |
Stephen Chumas Dir. For Land, Build | 40 | $169,118 | |
Ramandip Kaur Director Of Finance | 40 | $168,171 | |
Jorge Clemente Associate Executive | 40 | $139,740 | |
Manuel Afonso Asst. Super For Land | 40 | $137,027 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S&j Landscaping & Construction Inc | 12/30/21 | $921,760 |
Allied Universal | 12/30/21 | $609,285 |
Amport Design & Construction Inc | 12/30/21 | $349,846 |
Tlc Outsource Services Llc | 12/30/21 | $252,160 |
Vanguard Institutional | 12/30/21 | $240,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,548,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,648,565 |
| Capital Gain Net Income | $16,648,565 |
| Net ST Capital Gain | $2,210,325 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92,385 |
| Total Revenue | $21,289,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $407,936 |
| Other employee salaries and wages | $1,981,604 |
| Pension plans, employee benefits | $926,258 |
| Interest | $0 |
| Taxes | $165,265 |
| Depreciation | $1,986,671 |
| Occupancy | $282,975 |
| Travel, conferences, and meetings | $1,715 |
| Printing and publications | $7,270 |
| Other expenses | $1,785,123 |
| Total operating and administrative expenses | $8,972,485 |
| Contributions, gifts, grants paid | $435,000 |
| Total expenses and disbursements | $9,407,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,677 |
| Savings and temporary cash investments | $234,735 |
| 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 | $105,870,510 |
| Net Land, buildings, and equipment | $68,428,105 |
| Other assets | $1,872,392 |
| Total assets | $350,933,851 |
| Accounts payable and accrued expenses | $21,179 |
| 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 | $21,179 |
Grants Awarded
Over the last fiscal year, Greentree Foundation has awarded $435,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MANHASSET COMMUNITY FUND PURPOSE: CONTINUED SUPPORT FOR THE CHARITIES AND ORGANIZATIONS THAT BENEFIT THE COMMUNITIES OF THE TOWN OF NORTH HEMPSTEAD. | $200,000 |
LONG ISLAND COMMUNITY FOUNDATION PURPOSE: CONTINUED SUPPORT FOR THE CHARITIES AND ORGANIZATIONS THAT RESPOND TO THE NEEDS OF COMMUNITIES IN NASSAU AND SUFFOLK COUNTIES. | $200,000 |
Boston, MA PURPOSE: SUPPORT FOR CHARITABLE GRANTMAKING | $25,000 |
Bronxville, NY PURPOSE: GENERAL SUPPORT | $10,000 |
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 |