Candace King Weir Foundation
- Assets
- $48.5m
- Revenue
- $12.0m
- Investments
- $47.6m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 13-3797919
Organization Overview
Candace King Weir Foundation is located in Albany, 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. Candace King Weir 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, Candace King Weir Foundation generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 6 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 2016, Candace King Weir Foundation has awarded 552 individual grants totaling $9,340,110. 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 |
|---|---|---|---|
Meredith Prime Trustee | 1 | $0 | |
Candace K Weir Trustee | 1 | $0 | |
Amelia F Weir Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,108,996 |
| Interest on Savings | $251 |
| Dividends & Interest | $140,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,201,501 |
| Capital Gain Net Income | $4,104,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,597,381 |
| Total Revenue | $12,048,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24,648 |
| Taxes | $30,297 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,141 |
| Total operating and administrative expenses | $78,466 |
| Contributions, gifts, grants paid | $2,395,900 |
| Total expenses and disbursements | $2,474,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $916,255 |
| 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 | $23,060,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,000 |
| Total assets | $48,538,119 |
| Accounts payable and accrued expenses | $15,633 |
| 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 | $15,633 |
Grants Awarded
Over the last fiscal year, Candace King Weir Foundation has awarded $2,395,900 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000,000 |
New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $250,000 |
WETA PURPOSE: GENERAL CHARITABLE PURPOSES | $250,000 |
MOMA PURPOSE: GENERAL CHARITABLE PURPOSES | $60,000 |
Keene, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
ADIRONDACK CHAPTER OF THE NATURE CONSERVATION PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
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 |