The Graduate Center Foundation Inc
- Assets
- $73.0m
- Revenue
- $16.0m
- Investments
- $5.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1984
- Data as of
- 06/2021
- EIN
- 13-3219419
Organization Overview
The Graduate Center Foundation Inc is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graduate Center 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 06/2021, Graduate Center Foundation Inc generated $16.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 7.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:A. THE GRADUATE CENTER RECEIVED A $9.5 MILLION GIFT FROM THE JAMES AND CATHLEEN STONE FOUNDATION. THE MULTI YEAR GIFT WILL SUPPORT THE STONE CENTERS WORK, WITH A SIGNIFICANT PORTION DESIGNATED FOR THE CENTERFS GC WEALTH PROJECT, AIMED AT EXPANDING ACCESS TO RESEARCH AND DATA ON THE INCREASING WEALTH ACCUMULATION THAT IS OF GROWING CONCERN IN THE UNITED STATES AND IN OTHER COUNTRIES. THE GIFT WILL ALSO ALLOW THE STONE CENTER TO EXPAND ITS POSTDOCTORAL SCHOLARS PROGRAM BY RECRUITING TWO NEW POSTDOCS EACH YEAR DURING THE NEXT FIVE YEARS, FOR A TOTAL OF 10 ADDITIONAL POSTDOCTORAL SCHOLARS.B. THE ANDREW W. MELLON FOUNDATION AWARDED $530,000 GRANT FOR THE SOCIAL PRACTICE PROJECT AT CUNY. PROJECT. THIS PROJECT WILL CREATE A NEW GENERATION OF CULTURAL LEADERS IN NYC WHO ARE DIVERSE AND COMMITTED TO BRINGING SOCIAL CHANGE THROUGH ART, DRAWING ON THE STRENGTHS OF CUNY'S INTERDISCIPLINARY MFA PROGRAMS BASED AT THE GRADUATE CENTER.C. THE GRADUATE CENTER RECEIVED A $300,000 GRANT FROM THE JAMES FAMILYCHARITABLE FOUNDATION TO CONTINUE THE ART AND SCIENCE CONNECT PROJECT. THE ART AND SCIENCE PROJECT IS AN INITIATIVE THAT COMBINES PUBLIC PROGRAMS EDUCATION, CROSS DISCIPLINARY RESEARCH AND TEACHING AND STUDENT FELLOWSHIPS TO EXPLORE THE OVERLAP BETWEEN ART AND BRAIN SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Darrow ESQ Board Chair | OfficerTrustee | 10 | $0 |
Lin I Bildner Vice Chair | OfficerTrustee | 1 | $0 |
Dwight E Lee Vice Chair | OfficerTrustee | 5 | $0 |
Myron S Glucksman Treasurer | OfficerTrustee | 3 | $0 |
James P Blanco Secretary | OfficerTrustee | 1 | $0 |
Dr Robin Garrell Ex-Officio President (voting - Beg 8-3-20) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kramer Levin Naftails And Frankel Ll Legal Services | 6/29/21 | $277,789 |
Cuny Research Foundation Administration | 6/29/21 | $502,662 |
Hirtle Callaghan & Co Investment Management | 6/29/21 | $140,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,306,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,306,261 |
| Total Program Service Revenue | $0 |
| Investment income | $815,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $899,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,026,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,392 |
| Grants and other assistance to domestic individuals. | $2,985,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $204,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,975,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,765 |
| Fees for services: Accounting | $23,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $172,423 |
| Fees for services: Other | $1,193,206 |
| Advertising and promotion | $57,771 |
| Office expenses | $205,637 |
| Information technology | $61,025 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,046 |
| All other expenses | $2,008 |
| Total functional expenses | $8,066,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,083 |
| Savings and temporary cash investments | $5,236,121 |
| Pledges and grants receivable | $11,145,795 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $514,307 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,382,079 |
| Investments—other securities | $5,342,947 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $709,037 |
| Total assets | $72,994,369 |
| Accounts payable and accrued expenses | $285,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,231 |
| Total liabilities | $315,262 |
| Net assets without donor restrictions | $4,225,034 |
| Net assets with donor restrictions | $68,454,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $72,994,369 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that The Graduate Center Foundation Inc has recieved totaling $2,804,213.
| Awarding Organization | Amount |
|---|---|
James M And Cathleen D Stone Foundation Boston, MA PURPOSE: PROFESSORSHIP/STONE CENTER SUPPORT | $2,230,000 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO SUPPORT AN ANNUAL SCIENTIFIC BIOGRAPHY FELLOWSHIP AT THE LEON LEVY CENTER FOR BIOGRAPHY THAT WILL RESULT IN THREE NEW MAJOR BIOGRAPHIES OF SCIENTISTS AND/OR TECHNOLOGISTS | $220,000 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO SUPPORT AN ANNUAL SCIENTIFIC BIOGRAPHY FELLOWSHIP AT THE LEON LEVY CENTER FOR BIOGRAPHY THAT WILL RESULT IN THREE NEW MAJOR BIOGRAPHIES OF SCIENTISTS AND/OR TECHNOLOGISTS | $110,000 |
The Carroll And Milton Petrie Foundation Inc New York, NY PURPOSE: EDUCATIONAL | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $30,100 |
Endowment Analysis
| Beg. Balance | $28,841,395 |
| Earnings | $7,373,381 |
| Net Contributions | $943,801 |
| Other Expense | $1,128,836 |
| Ending Balance | $36,029,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |