Abby S And Howard P Milstein Foundation
- Assets
- $1.4m
- Revenue
- $3.2m
- Investments
- $406.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 13-3921824
Organization Overview
Abby S And Howard P Milstein Foundation is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Abby S And Howard P Milstein 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, Abby S And Howard P Milstein Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Abby S And Howard P Milstein Foundation has awarded 96 individual grants totaling $37,819,558. 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 |
|---|---|---|---|
Howard P Milstein Trustee | 0 | $0 | |
Abby S Milstein Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,217,052 |
| Interest on Savings | $108 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$424 |
| Total Revenue | $3,216,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $498 |
| Total operating and administrative expenses | $498 |
| Contributions, gifts, grants paid | $3,551,945 |
| Total expenses and disbursements | $3,552,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $996,722 |
| Net Accounts receivable | $997 |
| 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 | $2,363 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $106,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,406,311 |
| 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, Abby S And Howard P Milstein Foundation has awarded $3,551,945 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: IRC SEC. 501(C)(3) ORG. | $2,117,802 |
THE NEW YORK PUBLIC LIBRARY PURPOSE: IRC SEC. 501(C)(3) ORG. | $800,000 |
WEILL CORNELL MEDICAL COLLEGE PURPOSE: IRC SEC. 501(C)(3) ORG. | $355,730 |
New York, NY PURPOSE: IRC SEC. 501(C)(3) ORG. | $140,000 |
WETA PURPOSE: IRC SEC. 501(C)(3) ORG. | $100,000 |
HARVARD LAW SCHOOL PURPOSE: IRC SEC. 501(C)(3) ORG. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |