Riggio Foundation Tr
- Assets
- $83.3m
- Revenue
- $2.6m
- Investments
- $71.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1994
- Data as of
- 08/2021
- 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 08/2021, Riggio Foundation Tr generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $3.5m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Riggio Foundation Tr has awarded 371 individual grants totaling $26,047,425. 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 |
|---|---|---|---|
Louise Riggio Trustee | 15 | $0 | |
Maria Florez CFO | 0.5 | $0 | |
Leonard Riggio Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $666,273 |
| Dividends & Interest | $476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,964,754 |
| Capital Gain Net Income | $1,964,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,631,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,834 |
| Total operating and administrative expenses | $191,837 |
| Contributions, gifts, grants paid | $3,262,288 |
| Total expenses and disbursements | $3,454,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,940,100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $328,096 |
| Total assets | $83,292,086 |
| 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 $3,262,288 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
WEILL CORNELL MEDICINE PURPOSE: DEDICATES ITS MEDICAL COLLEGE TO THE HIGHEST PRINCIPLES OF LIBERAL EDUCATION, SPIRITED INQUIRY, COLLABORATIVE LEARNING AND INDIVIDUAL INITIATIVE | $2,400,000 |
Bridgehampton, NY PURPOSE: DELIVER YOUTH AND ADULT DEVELOPMENT SERVICES TO NEEDY FAMILIES | $150,000 |
New York, NY PURPOSE: FOSTER THE PROFESSIONAL DEVELOPMENT OF POETS AND WRITERS AND TO PROMOTE COMMUNICATION THROUGHOUT THE LITERARY COMMUNITY | $125,000 |
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 SUBSTANABILITY AND ECOLOGICAL FRIENDLINESS OF THEIR RESPECTIVE TEAMS AND EVENTS | $125,000 |
Airville, PA PURPOSE: EDUCATE OWNERS,LEGISLATE HUMANE TREATMENT-EQUINES | $46,000 |
Bridgehampton, NY PURPOSE: A PREMIER DESTINATION FOR HORSE PEOPLE, AND A MUCH-ANTICIPATED STOP ON THE SUMMER TOUR FOR COMPETITORS | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |