James J Pallotta Charitable Trust
- Assets
- $9.1m
- Revenue
- $1.6m
- Investments
- $3.5m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 22-3208194
Organization Overview
James J Pallotta Charitable Trust is located in Weston, MA. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James J Pallotta 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 12/2021, James J Pallotta Charitable Trust generated $1.6m in total revenue. All expenses for the organization totaled $5.0m during the year ending 12/2021.
Since 2020, James J Pallotta Charitable Trust has awarded 25 individual grants totaling $6,847,814. 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
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. IT'S PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS,OTHER ORGANIZATIONS EXEMPT UNDER IRC 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Pallotta Trustee | 1 | $0 | |
Kimberly S Pallotta Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $774,649 |
| Interest on Savings | $1,153 |
| Dividends & Interest | $497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $788,574 |
| Capital Gain Net Income | $788,574 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $558 |
| Total Revenue | $1,565,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218,910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,000 |
| Total operating and administrative expenses | $224,910 |
| Contributions, gifts, grants paid | $4,793,314 |
| Total expenses and disbursements | $5,018,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,626,705 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,088,980 |
| 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, James J Pallotta Charitable Trust has awarded $4,772,814 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Fe, NM PURPOSE: MULTIDISCIPLINARY STUDY OF THE FUNDAMENTAL PRINCIPLES OF COMPLEX ADAPTIVE SYSTEMS, INCLUDING PHYSICAL, COMPUTATIONAL, BIOLOGICAL, AND SOCIAL SYSTEMS. | $1,250,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $1,000,000 |
West Palm Beach, FL PURPOSE: GENERAL PURPOSE | $500,000 |
THE MICHAEL J FOX FOUNDATION PURPOSE: SEEKS A CURE FOR PARKINSON'S DISEASE. | $400,000 |
Charleston, SC PURPOSE: CULTIVATION OF THE ARTS AND ART EDUCATION. | $350,000 |
BOSTON CHILDREN'S HOSPITAL TRUST PURPOSE: GENERAL PURPOSE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |