Pfizer Foundation Inc
- Assets
- $255.4m
- Revenue
- $17.7m
- Investments
- $245.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1955
- Data as of
- 12/2023
- EIN
- 13-6083839
Organization Overview
Pfizer Foundation Inc is located in New York, NY. The organization was established in 1955. 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. Pfizer 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 12/2023, Pfizer Foundation Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $49.6m during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 5 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 2020, Pfizer Foundation Inc has awarded 38,330 individual grants totaling $176,126,899. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING GIFTS PROGRAM - MATCHES THE PERSONAL FINANCIAL CONTRIBUTIONS OF U.S.-BASED PFIZER EMPLOYEES AND BOARD MEMBERS TO ELIGIBLE NONPROFIT CHARITABLE ORGANIZATIONS
COMMUNITY GRANTS - SUPPORTS THOSE AFFECTED BY A CATASTROPHE OR DISASTER AND FOR THE BETTERMENT OF COMMUNITY.
VOLUNTEER PROGRAM - SUPPORTS PROJECTS AT NONPROFIT ORGANIZATIONS IN WHICH A PFIZER EMPLOYEE VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Back Executive Director | 9 | $0 | |
Caroline Roan President | 4 | $0 | |
Julia Wu Secretary | 21 | $0 | |
Brian Byala Treasurer | 3.38 | $0 | |
Albert Bourla Chairman | 3 | $0 | |
Sally Susman Vice Chairman | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benevity Inc | 12/30/23 | $477,702 |
Northern Trust | 12/30/23 | $182,170 |
King Baudouin Foundation United States | 12/30/23 | $154,000 |
Charities Aid Foundation Of America | 12/30/23 | $109,500 |
Kpmg Llp | 12/30/23 | $89,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,855,101 |
| Interest on Savings | $0 |
| Dividends & Interest | $468,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,721,089 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74,076 |
| Total Revenue | $17,676,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $399,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,433 |
| Total operating and administrative expenses | $2,493,046 |
| Contributions, gifts, grants paid | $47,098,670 |
| Total expenses and disbursements | $49,591,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,112,172 |
| Net Accounts receivable | $28,318 |
| 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 | $2,501,147 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,366,549 |
| Accounts payable and accrued expenses | $4,571,693 |
| 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 | $746,335 |
| Total liabilities | $5,318,028 |
Grants Awarded
Over the last fiscal year, Pfizer Foundation Inc has awarded $45,690,467 in support to 11,059 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITIES AID FOUNDATION OF AMERICA PURPOSE: UKRAINE CIRSIS HUMANITARIAN RESPONSE | $6,000,000 |
KING BAUDOUIN FOUNDATION UNITED STATES PURPOSE: UKRAINE CIRSIS HUMANITARIAN RESPONSE | $5,500,000 |
CHARITIES AID FOUNDATION OF AMERICA PURPOSE: UKRAINE CIRSIS HUMANITARIAN RESPONSE | $3,500,000 |
PATH PURPOSE: ACCELERATE INTRODUCTION OF INNOVATIVE MATERNAL IMMUNIZATION IN LMICS | $3,000,000 |
AMREF HEALTH AFRICA INC PURPOSE: VACCINE PREVENTABLE ILLNESS - COMMUNITY HEALTH WORKFORCE CAPACITY BUILDING PROJECT | $4,000,000 |
DIRECT RELIEF PURPOSE: ADDRESS VACCINE PREVENTABLE ILLNESS FOR UNDERSERVED POPULATIONS IN U.S. | $2,500,000 |