Raymond Debbane Family Foundation
- Assets
- $124.7m
- Revenue
- $47.5m
- Investments
- $113.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 02/2022
- EIN
- 13-4053653
Organization Overview
Raymond Debbane Family Foundation is located in New York, NY. The organization was established in 2001. 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. Raymond Debbane Family 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 02/2022, Raymond Debbane Family Foundation generated $47.5m in total revenue. All expenses for the organization totaled $6.5m during the year ending 02/2022. While expenses have increased by 10.9% 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, Raymond Debbane Family Foundation has awarded 176 individual grants totaling $25,815,562. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION IS NOT INVOLVED IN ANY CHARITABLE ACTIVITIES.ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHERCHARITABLE ORGANIZATIONS (PUBLIC CHARITIES).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Debbane President | 1 | $0 | |
Sacha Lainovic Treasurer | 1 | $0 | |
Jessica Packer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,360,315 |
| Interest on Savings | $319,776 |
| Dividends & Interest | $1,763,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,949,023 |
| Capital Gain Net Income | $19,949,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,762 |
| Total Revenue | $47,457,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $366,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $180,931 |
| Total operating and administrative expenses | $820,414 |
| Contributions, gifts, grants paid | $5,703,684 |
| Total expenses and disbursements | $6,524,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,422,928 |
| Savings and temporary cash investments | $0 |
| 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 | $108,338,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $124,656,888 |
| 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, Raymond Debbane Family Foundation has awarded $5,703,684 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CEMEDE (CENTER FOR EURO-MED DEVELOPMENT) PURPOSE: PROMOTION OF SUSTAINABLE DEVELOPMENT, URBAN PLANNING, ENVIRONMENTAL PROTECTION AND OTHER AREAS. | $2,000,000 |
New York, NY PURPOSE: TO SAVE, IMPROVE AND PROTECT LIVES BY ELIMINATING HUNGER THROUGH THE PREVENTION, DETECTION AND TREATMENT OF UNDERNUTRITION, ESPECIALLY DURING AND AFTER EMERGENCY CRISES CAUSED BY SITUATIONS OF CONFLICT, DISPLACEMENT, POVERTY, DISCRIMINATION, INEQUALITY, OR NATURAL DISASTER. | $1,339,684 |
CATHOLIC SCHOOLS ASSISTANCE FUND PURPOSE: SUPPORTING CATHOLIC SCHOOLS AND THE SPIRITUALITY OF STEWARDSHIP. | $500,000 |
North Andover, MA PURPOSE: RAISING FUNDS FOR THE UNIVERSITY'S DEVELOPMENT AND GLOBAL OUTREACH, AND MAINTAINING ITS ACADEMIC EXCELLENCE. | $400,000 |
Brooklyn, NY PURPOSE: RELIGIOUS SUPPORT | $300,000 |
COMMUNITY WELL-BEING NETWORK PURPOSE: SUPPORTING ILLNESS PREVENTION AND HEALTH PROMOTION, CO-CURRICULAR LEARNING OPPORTUNITIES, AND PUBLIC HEALTH LEADERSHIP AND EXPERTISE. | $150,000 |
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 |