Russell Berrie Foundation
- Assets
- $195.5m
- Revenue
- $8.8m
- Investments
- $179.5m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/1986
- Data as of
- 12/2020
- EIN
- 22-2620908
Organization Overview
Russell Berrie Foundation is located in Teaneck, NJ. The organization was established in 1986. 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. Russell Berrie 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 12/2020, Russell Berrie Foundation generated $8.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $25.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Russell Berrie Foundation has awarded 641 individual grants totaling $158,269,417. 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
THE FOUNDATION GRANTED FUNDS TO RBF PHILANTHROPIC SERVICES LTD., A WHOLLY OWNED SUBSIDIARY. RBF PHILANTHROPIC SERVICES, LTD. PROVIDES CERTAIN SERVICES IN CONNECTION WITH THE FOUNDATION'S GRANTMAKING ACTIVITIES IN ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Salzman CEO (outgoing) | 40 | $533,785 | |
Adam Hirsch COO & CFO | 40 | $379,500 | |
Idana Goldberg Cpo | 40 | $293,000 | |
Naomi Shank Program Director | 40 | $237,500 | |
Kaarin Varon Program Officer | 40 | $137,000 | |
Paul Kalman Controller | 40 | $118,864 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenpointe Associates | 12/30/21 | $550,178 |
Aristotle | 12/30/21 | $127,832 |
Marks Paneth Llp | 12/30/21 | $80,384 |
Drg Search | 12/30/21 | $133,222 |
Prime Buchholz | 12/30/21 | $164,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,217 |
| Dividends & Interest | $1,861,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,163,410 |
| Capital Gain Net Income | $5,163,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,722,483 |
| Total Revenue | $8,752,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $843,000 |
| Other employee salaries and wages | $1,073,500 |
| Pension plans, employee benefits | $265,243 |
| Interest | $0 |
| Taxes | $348,006 |
| Depreciation | $4,499 |
| Occupancy | $168,495 |
| Travel, conferences, and meetings | $61,562 |
| Printing and publications | $0 |
| Other expenses | $737,522 |
| Total operating and administrative expenses | $4,888,859 |
| Contributions, gifts, grants paid | $20,405,308 |
| Total expenses and disbursements | $25,294,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,002,651 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $13,136,413 |
| 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 | $145,346 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $179,514,408 |
| Net Land, buildings, and equipment | $889 |
| Other assets | $1,656,984 |
| Total assets | $195,456,691 |
| Accounts payable and accrued expenses | $53,219 |
| Grants payable | $28,254,386 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,075,473 |
| Total liabilities | $29,383,078 |
Grants Awarded
Over the last fiscal year, Russell Berrie Foundation has awarded $48,310,280 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $17,200,000 |
New York, NY PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $2,800,000 |
New York, NY PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $2,200,000 |
COLUMBIA UNIVERSITY IRVING MEDICAL PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $2,085,902 |
PEF ISRAEL PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $1,986,500 |
AMERICAN SOCIETY FOR TECHNION PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $1,895,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |