Druckenmiller Foundation
- Assets
- $1.8b
- Revenue
- $258.9m
- Investments
- $1.7b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1993
- Data as of
- 11/2023
- 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 11/2023, Druckenmiller Foundation generated $258.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $106.4m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Druckenmiller Foundation has awarded 235 individual grants totaling $480,487,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
18 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 | $13,500,000 |
| Interest on Savings | $3,757 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $198,800,351 |
| Capital Gain Net Income | $198,800,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,582,077 |
| Total Revenue | $258,886,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,572,451 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $646,305 |
| Total operating and administrative expenses | $4,261,789 |
| Contributions, gifts, grants paid | $102,138,000 |
| Total expenses and disbursements | $106,399,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,911,981 |
| 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 | $1,699,180,909 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,761,092,890 |
| 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 $102,138,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
HARLEM CHILDREN'S ZONE PURPOSE: GENERAL USE | $16,500,000 |
THE SPENCE SCHOOL PURPOSE: GENERAL USE | $1,550,000 |
CALIFORNIA COMMUNITY FOUNDATION PURPOSE: GENERAL USE | $325,000 |
NYU LANGONE MEDICAL CENTER PURPOSE: GENERAL USE | $10,145,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL USE | $20,200,000 |
SOUTHAMPTON BATH AND TENNIS CHARITABLE FUND PURPOSE: GENERAL USE | $100,000 |