David Berg Foundation Inc
- Assets
- $0.0
- Revenue
- $5.7m
- Investments
- $109.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1994
- Data as of
- 12/2020
- EIN
- 13-3753217
Organization Overview
David Berg Foundation Inc is located in New York, NY. The organization was established in 1994. 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. David Berg 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 12/2020, David Berg Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, David Berg Foundation Inc has awarded 877 individual grants totaling $45,370,364. 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 |
|---|---|---|---|
Michele C Tocci President/director | 40 | $670,390 | |
Theresa May V.P. Administration | 32 | $170,902 | |
Sarah Kukin Grant Manager | 32 | $115,000 | |
William D Zabel Treasurer/director | 0.5 | $0 | |
H Jerome Zoffer Secretary/director | 0.5 | $0 | |
Valerie Tocci Longobardi Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Private Wealth Management | 12/30/21 | $186,301 |
Seven Bridges Advisors Llc | 12/30/21 | $114,558 |
Muse-on Llc | 12/30/21 | $168,000 |
Schulte Roth & Zabel | 12/30/21 | $64,283 |
Pkf O'connor Davies Llp | 12/30/21 | $71,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,000 |
| Interest on Savings | $2,379 |
| Dividends & Interest | $978,342 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,679,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $625,390 |
| Pension plans, employee benefits | $502,091 |
| Depreciation | $0 |
| Occupancy | $87,559 |
| Travel, conferences, and meetings | $7,967 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,304,135 |
| Contributions, gifts, grants paid | $3,109,485 |
| Total expenses and disbursements | $5,413,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,722 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,682,011 |
| Other assets | $14,400 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $498,241 |
Grants Awarded
Over the last fiscal year, David Berg Foundation Inc has awarded $4,289,200 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EXHIBITIONS/PUBLIC PROGRAMS | $500,000 |
HARVARD LAW SCHOOL PURPOSE: EDUCATION | $200,000 |
New York, NY PURPOSE: LEGAL SERVICES/ GENERAL OPERATING | $180,000 |
BENJAMIN N CARDOZO SCHOOL OF LAW PURPOSE: LEGAL EDUCATION | $150,000 |
UNIVERSITY OF PITTSBURGH - KATZ GRADUATE SCHOOL OF BUSINESS PURPOSE: EDUCATION | $125,000 |
HEBREW HOME AT RIVERDALE PURPOSE: LEGAL SERVICES | $125,000 |
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 |