W P Carey Foundation
- Assets
- $541.0m
- Revenue
- $21.0m
- Investments
- $539.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 13-3597510
Organization Overview
W P Carey Foundation is located in New York, NY. The organization was established in 1991. 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. W P Carey 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 12/2022, W P Carey Foundation generated $21.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $29.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W P Carey Foundation has awarded 376 individual grants totaling $344,544,621. 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 |
|---|---|---|---|
William P Carey II President/chairman/trustee | 6.5 | $0 | |
Zachary J Pack Chief Operating Officer | 1 | $0 | |
John D Miller Chief Investment Officer | 2 | $0 | |
Juliana K Harris Secretary/exec Director/assi Treasurer | 35 | $155,000 | |
Ryan Willsmore Treasurer | 10 | $0 | |
John Samuel Armstrong IV Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,817,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,645 |
| Capital Gain Net Income | $25,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $179,659 |
| Total Revenue | $21,024,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,000 |
| Other employee salaries and wages | $14,000 |
| Pension plans, employee benefits | $6,949 |
| Interest | $0 |
| Taxes | $361,138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,969 |
| Printing and publications | $0 |
| Other expenses | $1,284,122 |
| Total operating and administrative expenses | $2,085,413 |
| Contributions, gifts, grants paid | $27,525,761 |
| Total expenses and disbursements | $29,611,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,579 |
| Savings and temporary cash investments | $1,409,527 |
| 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 | $88,166,216 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $541,039,202 |
| 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, W P Carey Foundation has awarded $27,525,761 in support to 148 organizations.
| Grant Recipient | Amount |
|---|---|
ADAPTIVE SPORTS FOUNDATION PURPOSE: CHARITABLE | $750 |
ADVENTURES IN LEARNING PURPOSE: CHARITABLE | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $100 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: CHARITABLE | $22,000 |
AMERICAN FOUNDATION SUICIDE PREVENTION PURPOSE: CHARITABLE | $250 |
AMERICAN PARKINSON DISEASE ASSOCIATION PURPOSE: CHARITABLE | $500 |