The Allen Family Foundation Inc
- Assets
- $15.8m
- Revenue
- $1.3m
- Investments
- $14.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1949
- Data as of
- 06/2021
- EIN
- 13-6083684
Organization Overview
The Allen Family Foundation Inc is located in New York, NY. The organization was established in 1949. 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. Allen Family Foundation Inc 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 06/2021, Allen Family Foundation Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $820.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Allen Family Foundation Inc has awarded 36 individual grants totaling $693,000. 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 |
|---|---|---|---|
Douglas E Allen Director | 0.2 | $0 | |
Christine Allen Director | 0.2 | $0 | |
Philip D Allen Director | 0.2 | $0 | |
Martin C Zetterberg Director | 0.2 | $0 | |
Nicholas E Allen Director | 0.2 | $0 | |
Christopher D Allen Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $685,000 |
| Interest on Savings | $9,969 |
| Dividends & Interest | $163,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $488,959 |
| Capital Gain Net Income | $488,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $1,347,598 |
| 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 | $87 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,399 |
| Total operating and administrative expenses | $127,314 |
| Contributions, gifts, grants paid | $693,000 |
| Total expenses and disbursements | $820,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,754 |
| 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 | $1,575,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,810,918 |
| 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, The Allen Family Foundation Inc has awarded $693,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL FOUNDER'S FAMILY SCHOLARSHIP FUND PURPOSE: THE DREXEL FOUNDER'S FAMILY SCHOLARSHIP FUND | $112,500 |
PILGRIM AFRICA PURPOSE: GENERAL SUPPORT | $70,000 |
New Orleans, LA PURPOSE: IN SUPPORT OF THE ST. KATHARINE DREXEL SCHOLARSHIP FUND | $60,000 |
THE SOCIETY OF MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL SUPPORT | $45,000 |
Reston, VA PURPOSE: THE CHILDREN'S PRIZE FOUNDATION PRIZE PROGRAM | $30,000 |
Sheffield, MA PURPOSE: THE ALLEN FAMILY SCHOLARSHIP FUND | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |