Bernard F And Alva B Gimbel Foundation Inc
- Assets
- $39.6m
- Revenue
- $8.5m
- Investments
- $27.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1943
- Data as of
- 12/2021
- EIN
- 13-6090843
Organization Overview
Bernard F And Alva B Gimbel Foundation Inc is located in New York, NY. The organization was established in 1943. 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. Bernard F And Alva B Gimbel 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 12/2021, Bernard F And Alva B Gimbel Foundation Inc generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bernard F And Alva B Gimbel Foundation Inc has awarded 233 individual grants totaling $15,357,750. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Gimbel President & CEO | 40 | $162,200 | |
Dorothy A Kadar Program Officer | 40 | $97,278 | |
Natalie F Mayro Office & Grants Adm | 40 | $77,599 | |
Stephen D Greenberg Treasurer | 1 | $0 | |
Lynn S Stern Vice President | 1 | $0 | |
Thomas St Gimbel Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brave Warrior Advisors Llc | 12/30/21 | $180,144 |
Giverny Capital Advisors Llc | 12/30/21 | $201,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $462,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,015,573 |
| Capital Gain Net Income | $8,015,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,960 |
| Total Revenue | $8,493,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,200 |
| Other employee salaries and wages | $184,752 |
| Pension plans, employee benefits | $48,561 |
| Interest | $0 |
| Taxes | $138,316 |
| Depreciation | $1,683 |
| Occupancy | $73,612 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,423 |
| Total operating and administrative expenses | $1,162,457 |
| Contributions, gifts, grants paid | $4,920,250 |
| Total expenses and disbursements | $6,082,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,611 |
| Savings and temporary cash investments | $11,886,916 |
| 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 | $12,886,977 |
| Net Land, buildings, and equipment | $13,007 |
| Other assets | $11,929 |
| Total assets | $39,565,616 |
| 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 | $2,147 |
| Total liabilities | $2,147 |
Grants Awarded
Over the last fiscal year, Bernard F And Alva B Gimbel Foundation Inc has awarded $8,777,500 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
STANDEARTH PURPOSE: GENERAL SUPPORT | $500,000 |
Amherst, MA PURPOSE: PIPER FUND | $400,000 |
PACIFIC ENVIRONMENT PURPOSE: GENERAL SUPPORT | $300,000 |
STANDEARTH PURPOSE: GENERAL SUPPORT | $225,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $225,000 |
San Francisco, CA PURPOSE: CLIMATE AND ENERGY PROGRAM | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |