Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
- Assets
- $42.9m
- Revenue
- $5.1m
- Investments
- $26.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 02/2022
- EIN
- 13-4034562
Organization Overview
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gerald J & Dorothy R Friedman N Y Foundation For Medical Research 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 02/2022, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $4.9m during the year ending 02/2022. While expenses have increased by 8.0% 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 2015, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research has awarded 114 individual grants totaling $28,375,058. 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 |
|---|---|---|---|
Jane Friedman President | 60 | $300,000 | |
Judith Kennedy Vice President | 10 | $45,000 | |
George Serrano Secretary & Treasurer | 10 | $45,000 | |
Susan Thomases Executive Vice President | 2 | $0 | |
Mark Satlof Vice President | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman Bd Llc | 2/27/22 | $135,452 |
Citrin Cooperman & Co Llp | 2/27/22 | $48,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $365,642 |
| Interest on Savings | $0 |
| Dividends & Interest | $551,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,197,437 |
| Capital Gain Net Income | $4,197,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,114,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $390,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,643 |
| Total operating and administrative expenses | $883,877 |
| Contributions, gifts, grants paid | $4,000,000 |
| Total expenses and disbursements | $4,883,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,093,745 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $10,239,562 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,876,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $391,490 |
| Total assets | $42,948,491 |
| 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, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research has awarded $4,000,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWELL HEALTH FOUNDATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $1,590,000 |
THE ACTORS FUND OF AMERICA PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $1,105,000 |
LA MAMA EXPERIMENTAL THEATRE CLUB PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $514,000 |
New York, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $450,000 |
Abiquiu, NM PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $120,000 |
TRUSTEES OF TUFTS COLLEGE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |