Druckenmiller Foundation
- Assets
- $1.6b
- Revenue
- $402.8m
- Investments
- $1.5b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1993
- Data as of
- 11/2021
- EIN
- 13-3735187
Organization Overview
Druckenmiller Foundation is located in New York, NY. The organization was established in 1993. 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. Druckenmiller 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 11/2021, Druckenmiller Foundation generated $402.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $96.9m during the year ending 11/2021. While expenses have increased by 23.1% per year over the past 3 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, Druckenmiller Foundation has awarded 161 individual grants totaling $315,902,000. 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
19 SCHOLARSHIPS GRANTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley F Druckenmiller Trustee | 0 | $0 | |
Fiona Druckenmiller Trustee | 0 | $0 | |
Gerald Kerner Admin. Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,929,169 |
| Interest on Savings | $4,827 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $221,752,749 |
| Capital Gain Net Income | $343,968,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$24,858,287 |
| Total Revenue | $402,828,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,643,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $369,016 |
| Total operating and administrative expenses | $6,029,930 |
| Contributions, gifts, grants paid | $90,912,000 |
| Total expenses and disbursements | $96,941,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,864,492 |
| 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 | $1,519,941,875 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,579,806,367 |
| 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, Druckenmiller Foundation has awarded $90,912,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE MERIDIAN PARTNERS INC PURPOSE: GENERAL USE | $50,762,000 |
NYU LANGONE MEDICAL CENTER PURPOSE: GENERAL USE | $20,000,000 |
HARLEM CHILDREN'S ZONE PURPOSE: GENERAL USE | $6,000,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL USE | $5,000,000 |
THE NEW YORK STEM CELL FOUNDATION PURPOSE: GENERAL USE | $4,000,000 |
New York, NY PURPOSE: GENERAL USE | $1,550,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |