Horace W Goldsmith Foundation
- Assets
- $789.8m
- Revenue
- $88.9m
- Investments
- $752.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1957
- Data as of
- 12/2021
- EIN
- 13-6107758
Organization Overview
Horace W Goldsmith Foundation is located in New York, NY. The organization was established in 1957. 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. Horace W Goldsmith 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 12/2021, Horace W Goldsmith Foundation generated $88.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $32.4m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 4 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, Horace W Goldsmith Foundation has awarded 685 individual grants totaling $74,188,113. 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 |
|---|---|---|---|
William A Slaughter Managing Dir. (ceo) | 35 | $175,000 | |
Charles L Slaughter Managing Dir. (cfo & Treasurer) | 25 | $175,000 | |
R James Slaughter Managing Dir. (secretary) | 25 | $175,000 | |
Samuel Slaughter Director | 5 | $45,000 | |
Joseph W Slaughter Director | 5 | $45,000 | |
Hannah M Jocelyn Director | 5 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management | 12/30/21 | $1,283,188 |
Select Equity Group Lp | 12/30/21 | $1,035,836 |
Gardner Russo & Gardner Llc | 12/30/21 | $264,537 |
Jp Morgan Chase Bank Na | 12/30/21 | $69,572 |
Condon O'meara Mcginity & Donnelly Llp | 12/30/21 | $60,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,546 |
| Dividends & Interest | $4,322,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,201,680 |
| Capital Gain Net Income | $83,827,948 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,375,225 |
| Total Revenue | $88,903,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $660,000 |
| Other employee salaries and wages | $142,062 |
| Pension plans, employee benefits | $11,112 |
| Interest | $0 |
| Taxes | $780,922 |
| Depreciation | $10,730 |
| Occupancy | $323,001 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,533 |
| Total operating and administrative expenses | $4,827,723 |
| Contributions, gifts, grants paid | $27,533,733 |
| Total expenses and disbursements | $32,361,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,249,299 |
| Net Accounts receivable | $292,831 |
| 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 | $477,351 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $240,537,385 |
| Net Land, buildings, and equipment | $9,820 |
| Other assets | $32,856 |
| Total assets | $789,805,822 |
| Accounts payable and accrued expenses | $825,884 |
| Grants payable | $9,925,672 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,962,024 |
| Total liabilities | $13,713,580 |
Grants Awarded
Over the last fiscal year, Horace W Goldsmith Foundation has awarded $37,421,340 in support to 350 organizations.
| Grant Recipient | Amount |
|---|---|
CALDER PHILADELPHIA PURPOSE: GENERAL OPERATIONS | $1,000,000 |
PEER HEALTH EXCHANGE PURPOSE: GENERAL OPERATIONS | $850,000 |
Philadelphia, PA PURPOSE: GENERAL OPERATIONS | $750,000 |
San Francisco, CA PURPOSE: GENERAL OPERATIONS | $750,000 |
YALE LAW SCHOOL PURPOSE: SPECIAL PROJECT | $750,000 |
YALE SCHOOL OF ORGANIZATION AND MANAGEMENT PURPOSE: SPECIAL PROJECT | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
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 |