Riggio Foundation Tr
- Assets
- $87.1m
- Revenue
- $395.0k
- Investments
- $45.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1994
- Data as of
- 08/2023
- EIN
- 13-7039631
Organization Overview
Riggio Foundation Tr is located in New York, NY. The organization was established in 1994. 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. Riggio Foundation Tr 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 08/2023, Riggio Foundation Tr generated $395.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $3.1m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Riggio Foundation Tr has awarded 521 individual grants totaling $37,451,056. 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
2023
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 |
|---|---|---|---|
Leonard Riggio Trustee | 10 | $0 | |
Louise Riggio Trustee | 15 | $0 | |
Maria Florez CFO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $869,369 |
| Interest on Savings | $939,958 |
| Dividends & Interest | $650,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,072,347 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,504 |
| Total Revenue | $395,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,732 |
| Total operating and administrative expenses | $151,839 |
| Contributions, gifts, grants paid | $2,948,200 |
| Total expenses and disbursements | $3,100,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,799,925 |
| 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 | $10,034,437 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $87,075,421 |
| 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, Riggio Foundation Tr has awarded $2,948,200 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN TECH ALUMNI FOUNDATION INC PURPOSE: TO MOBILIZE TECH GRADUATES TO SUPPORT THE NATION'S PREMIER HIGH SCHOOL FOR SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS. | $1,000,000 |
GREEN IS THE NEW BLUE PURPOSE: TO PROMOTE THE PROTECTION AND PRESERVATION OF THE ENVIRONMENT AND TO EVALUATE AND INSPIRE INDIVIDUALS PARTICIPATING IN SPORTS TO REEVALUATE THE SUBSTAINABILITY AND ECOLOGICAL FRIENDLINESS OF THEIR RESPECTIVE TEAMS AND EVENTS. | $450,000 |
AIKEN HORSE PARK FOUNDATION PURPOSE: TO PROMOTE AIKEN'S EQUESTRIAN WAY OF LIFE AND TO ENCOURAGE THE COMMUNITY'S CIVIC, EDUCATIONAL, AND CHARITABLE ENDEAVORS. | $127,000 |
AFRICAN ENVIRONMENTAL FILM FOUNDATION PURPOSE: TO EMBODY A BOLD VISION FOR TRANSFORMING THE FACE OF ENVIRONMENTAL EDUCATION IN AFRICA, PRIMARY THROUGH THE MEDIUM OF EDUCATIONAL FILMS. | $100,000 |
HAMPTON CLASSIC HORSE SHOW INC PURPOSE: A PREMIER DESTINATION FOR HORSE, PEOPLE, AND A MUCH ANTICIPATED STOP ON THE SUMMER TOUR FOR COMPETITORS. | $40,000 |
THE BRIDGEHAMPTON CHILD CARE & RECREATION CENTER PURPOSE: TO DELIVER THE HIGHEST QUALITY CHILD CARE, YOUTH AND ADULT DEVELOPMENT SERVICES TO THE COMMUNITY'S CHILDREN AND FAMILIES. WE OFFER EDUCATIONAL AND ENRICHMENT PROGRAMS FOR OUR AFTER-SCHOOL AND SUMMER CAMP CHILDREN. | $50,000 |