Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
- Assets
- $39.8m
- Revenue
- $3.9m
- Investments
- $24.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 02/2024
- 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 02/2024, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $5.2m during the year ending 02/2024. While expenses have increased by 6.8% per year over the past 8 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 110 individual grants totaling $32,995,615. 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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman Bd Llc | 2/28/24 | $106,519 |
Jp Morgan | 2/28/24 | $96,784 |
Morgan Stanley | 2/28/24 | $60,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $792,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,135,675 |
| Capital Gain Net Income | $3,135,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,390 |
| Total Revenue | $3,940,202 |
| 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 | $44,318 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,151 |
| Total operating and administrative expenses | $788,456 |
| Contributions, gifts, grants paid | $4,435,000 |
| Total expenses and disbursements | $5,223,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,697,272 |
| 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 | $10,239,562 |
| Investments—mortgage loans | $0 |
| Investments—other | $934,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $391,490 |
| Total assets | $39,779,370 |
| 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 $4,435,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIEDMAN TRANSGENDER HEALTH AND WELLNESS PROGRAM AT LENOX HILL PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $300,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $3,035,000 |
SOME SERIOUS BUSINESS PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $100,000 |
THE ACTORS FUND OF AMERICA PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $1,000,000 |