Bernard F And Alva B Gimbel Foundation Inc
- Assets
- $36.4m
- Revenue
- $3.4m
- Investments
- $26.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1943
- Data as of
- 12/2022
- 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 12/2022, Bernard F And Alva B Gimbel Foundation Inc generated $3.4m 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 (13.9%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. 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 349 individual grants totaling $22,707,250. 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
2022
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 |
|---|---|---|---|
Stephen D Greenberg Treasurer | 1 | $0 | |
Lynn S Stern Vice President | 1 | $0 | |
Leslie Gimbel President & CEO | 40 | $168,688 | |
Nicholas Sg Stern Director | 1 | $0 | |
Thomas St Gimbel Director | 1 | $0 | |
Alva G Greenberg Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Giverny Capital Advisors Llc | 12/30/22 | $171,543 |
Brave Warrior Advisors Llc | 12/30/22 | $145,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $540,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,835,868 |
| Capital Gain Net Income | $2,835,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,376,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,688 |
| Other employee salaries and wages | $189,638 |
| Pension plans, employee benefits | $69,451 |
| Interest | $0 |
| Taxes | $54,412 |
| Depreciation | $1,276 |
| Occupancy | $75,931 |
| Travel, conferences, and meetings | $47 |
| Printing and publications | $0 |
| Other expenses | $105,776 |
| Total operating and administrative expenses | $1,013,675 |
| Contributions, gifts, grants paid | $5,492,250 |
| Total expenses and disbursements | $6,505,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,532 |
| Savings and temporary cash investments | $10,318,916 |
| 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 | $12,199,386 |
| Net Land, buildings, and equipment | $11,731 |
| Other assets | $11,929 |
| Total assets | $36,436,327 |
| 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 | $2,285 |
| Total liabilities | $2,285 |
Grants Awarded
Over the last fiscal year, Bernard F And Alva B Gimbel Foundation Inc has awarded $7,349,500 in support to 116 organizations.
| Grant Recipient | Amount |
|---|---|
TIDES FOUNDATION PURPOSE: MOVEMENT VOTER FUND | $2,500 |
MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES PURPOSE: GENERAL SUPPORT | $2,500 |
TIDES FOUNDATION PURPOSE: MOVEMENT VOTER FUND | $20,000 |
EARTHJUSTICE PURPOSE: CLIMATE AND ENERGY PROGRAM | $225,000 |
RAINFOREST ACTION NETWORK PURPOSE: GENERAL SUPPORT | $150,000 |
STANDEARTH PURPOSE: GENERAL SUPPORT | $250,000 |