Bloomberg Family Foundation Inc
- Assets
- $0.0
- Revenue
- $1.3b
- Investments
- $11.0b
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2008
- Data as of
- 12/2020
- EIN
- 20-5602483
Organization Overview
Bloomberg Family Foundation Inc is located in New York, NY. The organization was established in 2008. 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. Bloomberg Family Foundation Inc 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 12/2020, Bloomberg Family Foundation Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $526.5m during the year ending 12/2020. While expenses have increased by 4.8% 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, Bloomberg Family Foundation Inc has awarded 643 individual grants totaling $1,935,685,281. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TECHNICAL ASSISTANCE AND ADVISORY SERVICES TO ASSIST OTHER CHARITIES IN CARRYING OUT THEIR EXEMPT PURPOSES.
ENGAGING SPECIALISTS WITH SUBJECT-MATTER EXPERTISE (I.E. TOBACCO, CLIMATE, ETC.) TO ASSIST THE FOUNDATION AND OTHER CHARITY PARTNERS WITH PROGRAMMATIC PROJECTS (E.G., DATA COLLECTION, REPORT PRODUCTION, ETC.).
PROVIDING TECHNICAL ASSISTANCE AND ADVISORY SERVICES, AND ENGAGING SPECIALISTS WITH PUBLIC SERVICE EXPERTISE, TO ASSIST MUNICIPALITIES AND GOVERNMENTS IN CARRYING OUT THEIR PUBLIC EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia E Harris Ceo, Cao & Director | 40 | $10,900 | |
Tenley Albright Director | 0.58 | $10,900 | |
Georgina Bloomberg Director | 0.58 | $10,900 | |
Kenneth I Chenault Director | 0.58 | $10,900 | |
Emma Bloomberg Director | 0.58 | $10,900 | |
D Ronald Daniel Director | 0.58 | $10,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manhattan West Llc | 12/30/21 | $139,268,079 |
Delivery Associates Ltd | 12/30/21 | $8,209,603 |
Arts Manager Llc | 12/30/21 | $4,583,617 |
Behavioral Insights (Us) Inc | 12/30/21 | $2,596,121 |
Boston Consulting Group Inc | 12/30/21 | $2,278,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $829,000,000 |
| Interest on Savings | $4,749 |
| Dividends & Interest | $327,828 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,009,204 |
| Total Revenue | $1,259,941,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $224,700 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $577,500 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $29,416,710 |
| Contributions, gifts, grants paid | $497,097,837 |
| Total expenses and disbursements | $526,514,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,020,441,521 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bloomberg Family Foundation Inc has awarded $1,224,435,544 in support to 391 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: PUBLIC HEALTH AND STUDENT SUPPORT | $187,050,000 |
Cambridge, MA PURPOSE: TO SUPPORT THE BLOOMBERG CENTER FOR CITIES | $95,000,000 |
New York, NY PURPOSE: CAPITAL PROJECT | $90,000,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: CAPITAL PROJECT | $60,000,000 |
Cambridge, MA PURPOSE: TO SUPPORT THE BLOOMBERG CENTER FOR CITIES | $55,000,000 |
San Francisco, CA PURPOSE: ACCELERATE TRANSITION TO CLEAN ENERGY | $31,375,000 |
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 |