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 4 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $12.3m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 4 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 301 individual grants totaling $32,247,750. 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 |
|---|---|---|---|
Nina Bershadker Executive Director | 40 | $239,929 | |
Deena Schaffer Program Officer | 40 | $105,181 | |
Howard Rothman President, Board Chair, Dir. | 15 | $87,500 | |
Erin Gonzalez Program Officer | 40 | $85,413 | |
Zina Thompkins Program Associate | 40 | $60,255 | |
William Rupp Vice President, Treasurer, Dir. | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank | 12/30/21 | $499,273 |
Offit Capital Advisors Llc | 12/30/21 | $119,241 |
Mckinnon Wright Wealth Management | 12/30/21 | $98,469 |
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 $10,643,870 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
Harris, NY PURPOSE: HEALING ARTS & TRAINING INITIATIVE | $542,863 |
Sunrise, FL PURPOSE: COVID-19 GRANT & EMPLOYMENT AND TRANSITION | $525,000 |
CHILDREN'S AID PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
THE ARC WESTCHESTER PURPOSE: TRANSITION & EMPLOYMENT, VOLUNTEER COORDINATION, AND BEHAVIOR & WELLNESS SERVICES GRANT | $390,000 |
Pompano Beach, FL PURPOSE: DAISY VILLAGE | $388,700 |
Brooklyn, NY PURPOSE: AIDD LEGAL CLINIC 2018 | $363,254 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Taft Foundation has recieved totaling $57,323.
| Awarding Organization | Amount |
|---|---|
Jawonio Foundation Inc New City, NY PURPOSE: EARLY INTERVENTION GRANT | $57,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |