Taft Foundation
- Assets
- $179.7m
- Revenue
- $20.1m
- Investments
- $173.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 20-1232852
Organization Overview
Taft Foundation is located in New York, NY. The organization was established in 2004. 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. Taft Foundation 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 12/2021, Taft Foundation generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.8% each year . All expenses for the organization totaled $12.3m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 3 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, Taft Foundation has awarded 408 individual grants totaling $48,184,392. 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 |
|---|---|---|---|
Howard Rothman President, Board Chair, Dir. | 15 | $90,000 | |
Phoebe Boyer Vice President, Secretary, Dir. | 1 | $0 | |
William Rupp Vice President, Treasurer, Dir. | 1 | $0 | |
Joan Rothman Director | 4 | $0 | |
Nina Bershadker Executive Director | 40 | $255,299 | |
Deena Schaffer Senior Program Offic | 40 | $115,210 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank | 12/30/22 | $509,761 |
Offit Capital Advisors Llc | 12/30/22 | $107,446 |
Mckinnon Wright Wealth Management | 12/30/22 | $94,890 |
Pkf O'connor Davies | 12/30/22 | $76,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,011 |
| Dividends & Interest | $5,862,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,203,808 |
| Capital Gain Net Income | $14,227,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,980 |
| Total Revenue | $20,078,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $327,429 |
| Other employee salaries and wages | $250,849 |
| Pension plans, employee benefits | $82,149 |
| Interest | $0 |
| Taxes | $6,339 |
| Depreciation | $0 |
| Occupancy | $144,900 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,404 |
| Total operating and administrative expenses | $1,624,726 |
| Contributions, gifts, grants paid | $10,643,870 |
| Total expenses and disbursements | $12,268,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,873,942 |
| Savings and temporary cash investments | $4,470,477 |
| 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 | $128,354,415 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $179,728,457 |
| 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, Taft Foundation has awarded $15,936,642 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ARC BROWARD INC PURPOSE: TRANSITION AND EMPLOYMENT PROGRAMS AND ONE-TIME SUPPORT FOR STAFF RECRUITMENT AND RETENTION EFFORTS | $450,000 |
AHRC NEW YORK CITY PURPOSE: PARTNERSHIP FOR INCLUSIVE INTERNSHIPS | $199,805 |
BEST BUDDIES NEW YORK PURPOSE: JOBS PROGRAM IN NEW YORK CITY | $150,000 |
BEST BUDDIES FLORIDA PURPOSE: JOBS PROGRAM IN SOUTH FLORIDA (BROWARD, MIAMI-DADE, AND PALM BEACH COUNTIES) | $150,000 |
BRIDGES FROM SCHOOL TO WORK PURPOSE: NEW YORK CITY PROGRAM | $135,000 |
BOWERY RESIDENTS COMMITTEE INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |