W P Carey Foundation
- Assets
- $607.6m
- Revenue
- $30.7m
- Investments
- $605.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1991
- Data as of
- 12/2021
- 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 12/2021, W P Carey Foundation generated $30.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $30.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W P Carey Foundation has awarded 228 individual grants totaling $317,018,860. 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 |
|---|---|---|---|
Juliana K Harris Secretary/exec Director/assi Treasurer | 35 | $130,000 | |
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 | |
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 | $21,876,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,774,497 |
| Capital Gain Net Income | $8,774,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,081 |
| Total Revenue | $30,678,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $632 |
| Interest | $0 |
| Taxes | $606,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,963 |
| Printing and publications | $0 |
| Other expenses | $1,374,640 |
| Total operating and administrative expenses | $2,151,209 |
| Contributions, gifts, grants paid | $28,267,059 |
| Total expenses and disbursements | $30,418,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,486 |
| Savings and temporary cash investments | $1,851,356 |
| 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 | $112,425,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,596,566 |
| 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 $146,869,059 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
UOP PURPOSE: CHARITABLE | $87,500,000 |
JHU PURPOSE: CHARITABLE | $15,000,000 |
UOP PURPOSE: CHARITABLE | $13,502,500 |
ASU PURPOSE: CHARITABLE | $11,935,000 |
ASU PURPOSE: CHARITABLE | $6,632,983 |
JHU PURPOSE: CHARITABLE | $5,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that W P Carey Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Irene Ritter Foundation New York, NY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR THE ORGANIZATION'S CHARITABLE PURPOSES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |