Rockefeller Family Fund Inc
- Assets
- $156.6m
- Revenue
- $43.8m
- Investments
- $63.2m
- Employees
- 15
- Location
- New York, NY
- Founding
- 03/1968
- Data as of
- 12/2020
- EIN
- 13-6257658
Organization Overview
Rockefeller Family Fund Inc is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Rockefeller Family Fund Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockefeller Family Fund 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 12/2020, Rockefeller Family Fund Inc generated $43.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $33.8m during the year ending 12/2020. While expenses have increased by 8.4% per year over the past 6 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, Rockefeller Family Fund Inc has awarded 472 individual grants totaling $49,393,721. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ROCKEFELLER FAMILY FUND IS A U.S. BASED, FAMILY-LED PUBLIC CHARITY THAT INITIATES, CULTIVATES, AND FUNDS STRATEGIC EFFORTS TO PROMOTE A SUSTAINABLE, JUST, FREE, AND PARTICIPATORY SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT FUNDS - RFF MANAGES A NUMBER OF PROJECT FUNDS IN THE AREAS OF WORK/LIFE INITIATIVES; REDUCING THE GLOBAL USE OF FOSSIL FUELS AND ADVANCING POLICIES TO ADDRESS CLIMATE CHANGE AND THE TRANSITION TO A CLEAN TECH ECONOMY; AND U.S. DEMOCRACY AND NONPARTISAN VOTER ENGAGEMENT. IN EACH OF THESE AREAS, RFF DEVELOPS AND MANAGES INITIATIVES IN CONJUNCTION WITH FUNDER PARTNERS, INDIVIDUALS, AND EXISTING NON-PROFIT ORGANIZATIONS, TO ADVANCE CRITICAL POLICY OBJECTIVES OR BUILD NECESSARY CAPACITY.
DONOR ADVISED FUNDS - RFF ADVANCES ITS MISSION INCLUDING ENVIRONMENT PROTECTION AND COMBATTING CLIMATE CHANGE, DEMOCRACY AND ECONOMIC JUSTICE THROUGH ITS DONOR-ADVISED FUNDS.
CORE FUNDS - THE ROCKEFELLER FAMILY FUND CORE PROGRAM SERVICES REPRESENT AREAS SUCH AS ENVIRONMENT ("ENV"),EMERGING OPPORTUNITIES ("EO"), ECONOMIC JUSTICE FOR WOMEN ("EJW"), AND DEMOCRACY ("DEM").SEE SCHEDULE O FOR AN EXPLANATION OF ENV, EO, EJW, AND DEM PROGRAM AREAS.ENVIRONMENT - FUNDS CLIMATE CHANGE INITIATIVES DESIGNED TO ENACT POLICIES AT THE STATE AND NATIONAL LEVELS TO REDUCE CARBON EMISSIONS; ACCELERATE THE TRANSITION TO A CLEAN-ENERGY ECONOMY; BRING DIVERSE AND COMPELLING NEW VOICES INTO THE CLIMATE DEBATE; AND EXAMINE HOW SPECIAL INTERESTS AND OFFICIALS ARE DISTORTING SCIENCE AND DELAYING CONSTRUCTIVE STEPS TO DEAL WITH THIS IMPENDING GLOBAL CRISIS. ECONOMIC JUSTICE FOR WOMEN - SUPPORT PROJECTS DESIGNED TO PROMOTE WOMEN'S ECONOMIC EQUALITY AND EDUCATE THE PUBLIC ABOUT. CURRENTLY, THE PROGRAM SEEKS TO ADVANCE WORKPLACE REFORM POLICIES SUCH AS A PAID SICK LEAVE, FLEX TIME, AND RAISING THE MINIMUM WAGE. DEMOCRACY - ENCOURAGES THE ACTIVE PARTICIPATION OF CITIZENS IN GOVERNMENT, SEEKS TO MAKE GOVERNMENT AND PRIVATE INSTITUTIONS MORE ACCOUNTABLE AND RESPONSIVE, AND SUPPORTS EFFORTS TO ENSURE THAT INDIVIDUALS' RIGHTS AND LIBERTIES UNDER THE CONSTITUTION ARE PROTECTED.EMERGING OPPORTUNITIES - ENCOURAGES CREATIVE PUBLIC EDUCATION AND ADVOCACY IN ISSUE AREAS OUTSIDE OF RFF'S CURRENT AREAS OF FOCUS, BUT STILL WITHIN RFF'S ESTABLISHED PROGRAM AREAS AND SUPPLEMENTS THE RESPECTIVE ANNUAL BUDGET ALLOCATIONS FOR RFF'S OTHER PROGRAM AREA IN ORDER TO SEIZE EMERGING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee H Wasserman Director & Secretary | Officer | 50 | $367,553 |
Lawrence G Shapiro Associate Director-Prog. Dev. | Officer | 50 | $277,525 |
Lisa Guide Associate Director | Officer | 32 | $263,664 |
Julie Fernandes Associate Director-Ia&il | 40 | $260,614 | |
Katharine Redford Exe. Director, Equation Campaign | 40 | $132,857 | |
Roxanne Stachowski Sr Manager For Executive Initiatives | 40 | $111,464 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agility Investment Management | 12/30/21 | $362,875 |
Cmm Strategies Inc Consultant Services | 12/30/21 | $200,006 |
Halfon & Boehm Pc Legal Services & Consulting Services | 12/30/21 | $188,356 |
Teresa Villman Consultant Services | 12/30/21 | $180,000 |
Carbo Strategic Consulting Llc Consultant Services | 12/30/21 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,676,885 |
| Noncash contributions included in lines 1a–1f | $5,258,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,741,885 |
| Total Program Service Revenue | $0 |
| Investment income | $961,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,068,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,772,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,408,047 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,953,559 |
| Compensation of current officers, directors, key employees. | $351,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,583 |
| Pension plan accruals and contributions | $76,697 |
| Other employee benefits | $339,975 |
| Payroll taxes | $129,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237,966 |
| Fees for services: Accounting | $53,280 |
| Fees for services: Lobbying | $842,550 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $674,716 |
| Fees for services: Other | $4,280,322 |
| Advertising and promotion | $0 |
| Office expenses | $108,919 |
| Information technology | $45,724 |
| Royalties | $0 |
| Occupancy | $97,830 |
| Travel | $77,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,367 |
| Insurance | $53,767 |
| All other expenses | $0 |
| Total functional expenses | $33,772,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,806,201 |
| Savings and temporary cash investments | $66,120,949 |
| Pledges and grants receivable | $3,918,728 |
| Accounts receivable, net | $37,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,726 |
| Net Land, buildings, and equipment | $13,514 |
| Investments—publicly traded securities | $19,456,295 |
| Investments—other securities | $63,222,726 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,631,848 |
| Accounts payable and accrued expenses | $1,678,882 |
| Grants payable | $1,208,100 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,091,996 |
| Total liabilities | $5,978,978 |
| Net assets without donor restrictions | $130,598,082 |
| Net assets with donor restrictions | $20,054,788 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $156,631,848 |
Grants Awarded
Over the last fiscal year, Rockefeller Family Fund Inc has awarded $26,060,839 in support to 264 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT - ENVIRONMENT | $2,500,000 |
Washington, DC PURPOSE: PROJECT SUPPORT - ECONOMIC JUSTICE FOR WOMEN | $600,000 |
New York, NY PURPOSE: PROJECT SUPPORT - ENVIRONMENT | $500,000 |
New York, NY PURPOSE: PROJECT SUPPORT - ENVIRONMENT | $500,000 |
Salina, KS PURPOSE: PROJECT SUPPORT - ENVIRONMENT | $496,000 |
Austin, TX PURPOSE: PROJECT SUPPORT - ENVIRONMENT | $485,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rockefeller Family Fund Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
John L & Margaret M Riegel Foundation Knoxville, TN PURPOSE: PROMOTION OF FAMILY PROGRAMS | $4,000 |
Endowment Analysis
| Beg. Balance | $155,993,827 |
| Earnings | $13,808,357 |
| Net Contributions | $37,980,028 |
| Other Expense | $33,471,427 |
| Ending Balance | $174,310,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luesther T Mertz Charitable Tr New York, NY | $5,999,424 | $2,179,114 |
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |