Rita Allen Foundation
- Assets
- $219.0m
- Revenue
- $23.9m
- Investments
- $204.3m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1956
- Data as of
- 12/2021
- EIN
- 13-6116429
Organization Overview
Rita Allen Foundation is located in Princeton, NJ. The organization was established in 1956. 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. Rita Allen 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, Rita Allen Foundation generated $23.9m in total revenue. All expenses for the organization totaled $9.8m during the year ending 12/2021. While expenses have increased by 1.9% 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 2019, Rita Allen Foundation has awarded 457 individual grants totaling $20,762,436. 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
THE RITA ALLEN FOUNDATION INVESTS IN EMERGING IDEAS IN SCIENCE, SOCIAL INNOVATION, AND INFORMED CIVIC ENGAGEMENT. THE FOUNDATION WORKS WITH GRANT RECIPIENTS TO BUILD CAPACITY BEYOND FINANCIAL SUPPORT, INCLUDING PROVIDING VALUE-ADDED ACTIVITIES THROUGH CONFERENCES, PUBLISHING, AND CONTRIBUTING TO RESEARCH TO HELP GUIDE THE WORK OF EMERGING LEADERS AND ORGANIZATIONS, AS WELL AS OFFERING TECHNICAL ASSISTANCE FOR GRANT RECIPIENTS. IN 2021, THE FOUNDATION HOSTED VIRTUAL MEETINGS OF CURRENT AND FORMER RITA ALLEN FOUNDATION SCHOLARS FOCUSING ON SHARING THEIR SCIENTIFIC RESEARCH, AND THE FOUNDATION CO-ORGANIZED A CONVENING OF RESEARCHERS AND PHILANTHROPISTS TO ADVANCE BASIC RESEARCH IN THE NEUROBIOLOGY OF PAIN.
THE RITA ALLEN FOUNDATION IS COMMITTED TO DEVELOPING THE KNOWLEDGE AND COLLABORATION OF THE PHILANTHROPIC SECTOR AND THE FIELDS IN WHICH IT WORKS IN ORDER TO BETTER ADDRESS COMPLEX PROBLEMS. IN 2021, THE FOUNDATION CONDUCTED RESEARCH ON THE INTERACTION BETWEEN SCIENCE, TECHNOLOGY, MEDIA, PHILANTHROPY, AND CIVIL SOCIETY. THIS RESEARCH WAS SHARED VIA A FIELD NEWSLETTER AND PARTICIPATION IN MEETINGS CONVENED WITH THE NATIONAL ACADEMY OF SCIENCES AND OTHER PARTNERS, AS WELL AS AN ARTICLE IN THE STANFORD SOCIAL INNOVATION REVIEW. IN 2021, THE FOUNDATION ALSO ORGANIZED AND SUPPORTED A COHORT OF FELLOWS TO DEVELOP MORE EFFECTIVE SCIENCE COMMUNICATION RESEARCH AND PRACTICE. IN SUPPORT OF THE FELLOWS, THE FOUNDATION DEVELOPED BRIEFING PAPERS, RESOURCE COLLECTIONS, AND A SERIES OF VIRTUAL LEARNING OPPORTUNITIES. THE FOUNDATION ALSO LED AND INVESTED IN DEVELOPING COLLABORATIVE EFFORTS AMONG FUNDERS FOCUSED ON SCIENCE, CIVIC PARTICIPATION, AND AN EFFECTIVE SOCIAL SECTOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth G Christopherson President & CEO | 40 | $484,728 | |
Jonathan A Kartt Program And Evaluati | 40 | $157,802 | |
Kari A Williams Finance, Treasurer | 27 | $154,220 | |
Katherine Belyi Secretary/prgms & Knwl | 31 | $130,090 | |
Fatu J Badiane Markey Science Programs Adm | 40 | $87,114 | |
Janie Scurti Executive Assistant | 40 | $80,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Providence Asset Management Lp | 12/30/21 | $431,967 |
Brown Advisory Management Llc | 12/30/21 | $298,878 |
The Colony Group Llc | 12/30/21 | $207,292 |
Shakera Grant | 12/30/21 | $102,165 |
Pkf O'connor Davies | 12/30/21 | $57,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,644 |
| Dividends & Interest | $1,420,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,866,265 |
| Capital Gain Net Income | $23,048,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $586,467 |
| Total Revenue | $23,878,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $792,038 |
| Other employee salaries and wages | $498,891 |
| Pension plans, employee benefits | $343,304 |
| Interest | $0 |
| Taxes | $307,558 |
| Depreciation | $0 |
| Occupancy | $113,398 |
| Travel, conferences, and meetings | $19,696 |
| Printing and publications | $0 |
| Other expenses | $533,140 |
| Total operating and administrative expenses | $3,973,025 |
| Contributions, gifts, grants paid | $5,863,599 |
| Total expenses and disbursements | $9,836,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,482 |
| Savings and temporary cash investments | $14,713,495 |
| 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 | $115,351,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,053 |
| Total assets | $219,012,203 |
| 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, Rita Allen Foundation has awarded $6,938,954 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
Waltham, MA PURPOSE: GENERAL OPERATING SUPPORT | $180,000 |
Pasadena, CA PURPOSE: JOSEPH PARKER 2018 SCHOLAR | $110,000 |
THE JOHN HOPKINS UNIVERSITY PURPOSE: JOSHUA MODELL MILTON CASSEL SCHOLAR GRANT-IMMUNOLOGY | $110,000 |
UNIVERSITY OF MICHIGAN PURPOSE: MONICA DUS 2016 SCHOLAR | $110,000 |
La Jolla, CA PURPOSE: RICHARD DANEMAN 2017 SCHOLAR | $110,000 |
Cambridge, MA PURPOSE: AMANDA WHIPPLE 2020 SCHOLAR | $110,000 |
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 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |