Starr Foundation
- Assets
- $1.4b
- Revenue
- $187.3m
- Investments
- $1.3b
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1958
- Data as of
- 12/2021
- EIN
- 13-6151545
Organization Overview
Starr Foundation is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Starr 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, Starr Foundation generated $187.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $93.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Starr Foundation has awarded 435 individual grants totaling $538,467,639. 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 |
|---|---|---|---|
Ms Fa Davis President & Director | 35 | $503,322 | |
Ms M Livingston Vice President & Corporate Secretary | 35 | $185,728 | |
Ms Y Lukonen Assistant Treasurer | 35 | $168,308 | |
Christine Pendleton Executive Assistant | 35 | $83,479 | |
Ms Osei Abigail Director, Program And Grants Admin | 35 | $83,031 | |
Ms J Renner Assistant Corp. Secretary & Director | 35 | $82,216 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rfs Opco Llc | 12/30/21 | $1,641,886 |
Jp Morgan | 12/30/21 | $682,614 |
Jackson Square Partners | 12/30/21 | $454,342 |
General Atlantic | 12/30/21 | $654,189 |
Kayne Anderson Capital Advisors Lp | 12/30/21 | $639,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,319,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $138,986,303 |
| Capital Gain Net Income | $138,082,076 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,833,322 |
| Total Revenue | $187,314,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,052,517 |
| Other employee salaries and wages | $244,256 |
| Pension plans, employee benefits | $567,634 |
| Interest | $0 |
| Taxes | $2,495,389 |
| Depreciation | $95,110 |
| Occupancy | $621,674 |
| Travel, conferences, and meetings | $19,163 |
| Printing and publications | $0 |
| Other expenses | $10,369,091 |
| Total operating and administrative expenses | $21,847,327 |
| Contributions, gifts, grants paid | $71,343,120 |
| Total expenses and disbursements | $93,190,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,654,862 |
| 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 | $68,133 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $491,900,869 |
| Net Land, buildings, and equipment | $1,215,253 |
| Other assets | $0 |
| Total assets | $1,351,331,495 |
| 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 | $85,079 |
| Total liabilities | $85,079 |
Grants Awarded
Over the last fiscal year, Starr Foundation has awarded $178,034,121 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN-KETTERING CANCER CENTER PURPOSE: CAPITAL CAMPAIGN | $50,000,000 |
NEW YORK-PRESBYTERIAN FUND INC PURPOSE: CAPITAL CAMPAIGN | $50,000,000 |
CORNELL UNIVERSITY (WEILL CORNELL SCHOOL OF MEDICINE) PURPOSE: CREATION OF THE GLIONOID ASSAY TRANSLATIONAL SCREENING CORE, A TRI-INSTITUTIONAL STEM CELL INITIATIVE, INVOLVING THE COLLABORATION OF WEILL CORNELL, ROCKEFELLER UNIVERSITY AND MEMORIAL-SLOAN KETTERING, DEAN'S SPECIAL SCHOLARSHIP FUND, AND GENERAL OPERATING SUPPORT | $14,715,000 |
Cambridge, MA PURPOSE: STARR CANCER CONSORTIUM | $10,000,000 |
HEBREW HOME FOR THE AGED AT RIVERDALE PURPOSE: 1:1 CHALLENGE GRANT IN SUPPORT OF ITS CAMPAIGN TO DEVELOP THE RIVER'S EDGE CONTINUING CARE RETIREMENT COMMUNITY ON THE MAURICE R. GREENBERG AND CORINNE P. GREENBERG CAMPUS IN RIVERDALE AND GENERAL OPERATING SUPPORT | $5,104,000 |
New York, NY PURPOSE: STARR CENTER FOR COMPUTATIONAL AND QUANTITATIVE SCIENCE. MAURICE R. AND CORINNE P. GREENBERG CENTER FOR THE STUDY OF INFLAMMATION, MICROBIOME,AND METABOLISM | $5,035,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $117,589,910 | $175,211,153 |
Pew Memorial Trust Philadelphia, PA | $3,258,905,531 | $312,519,832 |
Barr Foundation Boston, MA | $1,838,977,066 | $449,148,867 |
The Bessemer Giving Fund Woodbridge, NJ | $757,899,558 | $291,598,256 |
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |