Leona M & Harry B Helmsley Charitable Trust
- Assets
- $8.3b
- Revenue
- $723.2m
- Investments
- $8.2b
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2000
- Data as of
- 03/2021
- EIN
- 13-7184401
Organization Overview
Leona M & Harry B Helmsley Charitable Trust is located in New York, NY. The organization was established in 2000. 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. Leona M & Harry B Helmsley Charitable Trust 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 03/2021, Leona M & Harry B Helmsley Charitable Trust generated $723.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $368.3m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Leona M & Harry B Helmsley Charitable Trust has awarded 2,304 individual grants totaling $1,495,084,323. 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
FOR THE PRODUCTION OF VIDEO AND OTHER DESIGN SUPPORT TO COMMUNICATE IMPACT IN FURTHERANCE OF THE FOUNDATION'S MISSION.
FOR TECHNICAL SUPPORT TO GRANTEES TO MEET THEIR STRATEGIC AND COMMUNICATIONS NEEDS TO DRIVE FURTHER IMPACT OF THEIR CHARITABLE WORK.
FOR CONVENING EXPERTS TO EXPLORE PROGRAM PRIORITIES, SHARE RESEARCH AND IDEAS, AND BRAINSTORM NEW AREAS OF IMPACT IN SUPPORT OF THE FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalind M Hewsenian Chief Investment Officer | 40 | $1,671,096 | |
Stephanie A Cuskley Chief Executive Officer Thru 10/31/21 | 40 | $1,578,355 | |
Meenakshi C Lakshman Dir. Of Strategy & R | 40 | $938,579 | |
Al Y Kim Director Of Investme | 40 | $915,458 | |
Joshua W Fenton Director Of Investme | 40 | $914,728 | |
Christopher J Rapcewicz Dir. Of Risk Mngmt. | 40 | $910,449 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hig Middle Market Lbo Fund Ii Lp | 3/30/22 | $4,581,511 |
Hig Capital Partners V Lp | 3/30/22 | $3,220,352 |
Highclere International Investors | 3/30/22 | $2,901,443 |
Ifp Global Equity Lp | 3/30/22 | $1,516,005 |
Acadian Asset Management Llc | 3/30/22 | $1,206,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,719 |
| Dividends & Interest | $37,385,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $659,637,776 |
| Capital Gain Net Income | $601,574,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,128,856 |
| Total Revenue | $723,181,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,613,914 |
| Other employee salaries and wages | $14,383,810 |
| Pension plans, employee benefits | $6,895,039 |
| Interest | $212,495 |
| Taxes | $754,916 |
| Depreciation | $164,637 |
| Occupancy | $1,201,887 |
| Travel, conferences, and meetings | $138,760 |
| Printing and publications | $0 |
| Other expenses | $16,774,852 |
| Total operating and administrative expenses | $55,932,123 |
| Contributions, gifts, grants paid | $312,349,253 |
| Total expenses and disbursements | $368,281,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,275,203 |
| Savings and temporary cash investments | $62,457,618 |
| 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 | $1,132,903 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,438,326,657 |
| Net Land, buildings, and equipment | $2,756,942 |
| Other assets | $40,261,279 |
| Total assets | $8,313,587,896 |
| Accounts payable and accrued expenses | $11,454,781 |
| Grants payable | $385,738,876 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48,968,356 |
| Total liabilities | $446,162,013 |
Grants Awarded
Over the last fiscal year, Leona M & Harry B Helmsley Charitable Trust has awarded $847,044,845 in support to 1,185 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE CIRCLE HEALTH INC PURPOSE: CREATION OF BLUE CIRCLE HEALTH FOR UNDERSERVED COMMUNITIES WITH T1D | $15,576,000 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: MINNESOTA FIRST RESPONDER AED PROJECT | $12,644,876 |
SHAARE ZEDEK MEDICAL CENTER PURPOSE: THE HELMSLEY CANCER CENTER AT SHAARE ZEDEK MEDICAL CENTER JERUSALEM | $9,908,264 |
ENGINEERING MINISTRIES INTERNATIONAL USA PURPOSE: ALASKA WASH PROJECT | $7,020,410 |
ENGINEERING MINISTRIES INTERNATIONAL USA PURPOSE: ALASKA WASH PROJECT | $6,680,429 |
YITZHAK SHAMIR MEDICAL CENTER PURPOSE: EXPANSION AND RENOVATION OF SHAMIR MEDICAL CENTER'S CANCER INSTITUTE | $6,082,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |