Angelo Donghia Foundation Inc
- Assets
- $17.3m
- Revenue
- $1.9m
- Investments
- $15.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 13-3523056
Organization Overview
Angelo Donghia Foundation Inc is located in New York, NY. The organization was established in 2001. 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. Angelo Donghia 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, Angelo Donghia Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 4 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 2020, Angelo Donghia Foundation Inc has awarded 30 individual grants totaling $1,717,656. 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
DUE TO THE COVID-19 PANDEMIC, THE FOUNDATION WAS UNABLE TO CONDUCT ITS SENIOR INTERIOR DESIGN STUDENT SCHOLARSHIP COMPETITION PROGRAM.IN LIEU OF THE COMPETITION PROGRAM, THE FOUNDATION INVITED OVER FIFTY NATIONALLY ACCREDITED SCHOOLS, COLLEGES AND UNIVERSITIES OF INTERIOR DESIGN LOCATED THROUGHOUT THE UNITED STATES ("ID SCHOOLS") TO SUBMIT GRANT REQUESTS FOR PROGRAMS THAT SEEK TO ADVANCE INTERIOR DESIGN EDUCATION OR OTHERWISE MEET THE FOUNDATION'S STATED PURPOSES. THE FOUNDATION FUNDED GRANT REQUEST PROPOSALS MADE BY NINE OF THE ID SCHOOLS, AMOUNTING TO $449,403 AWARDED (IN LIEU OF THE COMPETITION PROGRAM).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven G Sonet ESQ President & Trustee | 5 | $60,000 | |
James T Nerangis ESQ Secretary & Trustee | 5 | $50,000 | |
Alan M Siegel Treasurer & Trustee | 3 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $268 |
| Dividends & Interest | $591,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,306,733 |
| Capital Gain Net Income | $1,306,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,665 |
| Total Revenue | $1,905,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,636 |
| Total operating and administrative expenses | $341,825 |
| Contributions, gifts, grants paid | $914,403 |
| Total expenses and disbursements | $1,256,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,879 |
| Savings and temporary cash investments | $1,543,558 |
| 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 | $7,429,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,259,587 |
| 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, Angelo Donghia Foundation Inc has awarded $914,403 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PARSON'S SCHOOL OF DESIGN PURPOSE: GRANT TO SUPPORT THE DONGHIA (HEALTHIER) MATERIALS LIBRARY | $100,000 |
NEW YORK-WEILL CORNELL MEDICAL CENTER PURPOSE: UNRESTRICTED GIFT TO LABORATORY FOR AIDS RESEARCH | $100,000 |
Concord, CA PURPOSE: GRANT TO SUPPORT RESEARCH RELATED TO DESIGN OF HEALTHCARE INTERIOR ENVIRONMENTS | $90,000 |
Boone, NC PURPOSE: GRANT TO SUPPORT THE INTERIOR DESIGN [S 4 ] LABS PROGRAM | $83,103 |
Manhattan, KS PURPOSE: GRANT TO SUPPORT THE DIGITAL TECHNOLOGIES LAB FOR INTERIOR DESIGN PROGRAM | $75,592 |
New York, NY PURPOSE: GRANT TO SUPPORT ADVANCED DESIGN TRAINING PROGRAMS FOR HIV POSITIVE INDIVIDUALS | $75,000 |
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 |