Essel Foundation Inc
- Assets
- $100.1m
- Revenue
- $12.3m
- Investments
- $87.8m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 10/1966
- Data as of
- 11/2021
- EIN
- 13-6191234
Organization Overview
Essel Foundation Inc is located in Purchase, NY. The organization was established in 1966. 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. Essel 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 11/2021, Essel Foundation Inc generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $19.4m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Essel Foundation Inc has awarded 49 individual grants totaling $37,070,538. 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 |
|---|---|---|---|
Janice Lieber Secretary | 0 | $0 | |
Mary Rubin Treasurer | 0 | $0 | |
Geoffrey Simon Chairman/president | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,458,120 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,221,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,613,320 |
| Capital Gain Net Income | $3,613,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,292,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $272,440 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $575,023 |
| Total operating and administrative expenses | $903,442 |
| Contributions, gifts, grants paid | $18,450,000 |
| Total expenses and disbursements | $19,353,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,868,886 |
| 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 | $24,664,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,446,714 |
| Total assets | $100,106,056 |
| 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 | $172,478 |
| Total liabilities | $172,478 |
Grants Awarded
Over the last fiscal year, Essel Foundation Inc has awarded $18,450,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE LIEBER INSTITUTE FOR BRAIN DEVELOPMENT PURPOSE: UNSRESTRICTED GRANT | $14,999,197 |
BRIAN & BEHAVIOR RESEARCH FOUNDATION PURPOSE: UNSRESTRICTED GRANT | $2,496,253 |
COLUMBIA UNIVERSITY PURPOSE: UNRESTRICTED GRANT | $350,000 |
TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: UNRESTRICTED GIFT | $350,000 |
Williamstown, MA PURPOSE: UNRESTRICTED GRANT | $200,000 |
Gainesville, FL PURPOSE: UNRESTRICTED GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |