Kovner Foundation
- Assets
- $0.0
- Revenue
- $19.4m
- Investments
- $242.3m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 10/1996
- Data as of
- 12/2020
- EIN
- 22-3468030
Organization Overview
Kovner Foundation is located in Jupiter, FL. The organization was established in 1996. 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. Kovner 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, Kovner Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $25.6m during the year ending 12/2020. While expenses have increased by 2.7% 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 2018, Kovner Foundation has awarded 271 individual grants totaling $95,617,916. 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 |
|---|---|---|---|
Bruce S Kovner Director & President | 1 | $0 | |
Frank Wohl Co Lankler Siffert Wohl Director | 1 | $0 | |
Peter P D'angelo Director & Treasurer | 1 | $0 | |
Karen Cross Controller | 1 | $0 | |
Suzanne F Kovner Director & Vice President | 1 | $0 | |
Heath Weisberg General Counsel | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rr Education Consultants | 12/30/21 | $229,600 |
Grant Thornton Llp | 12/30/21 | $64,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,333,337 |
| Dividends & Interest | $10,584,998 |
| Profit on Inventory Sales | $0 |
| Other Income | $345,794 |
| Total Revenue | $19,441,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,102,369 |
| Contributions, gifts, grants paid | $24,455,963 |
| Total expenses and disbursements | $25,558,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$36,842 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,305,222 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,862,354 |
Grants Awarded
Over the last fiscal year, Kovner Foundation has awarded $36,144,867 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EDUCATION-FINE ARTS | $10,000,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: HUMANITARIAN AID | $3,940,805 |
New York, NY PURPOSE: VETERINARIAN HOSPITAL | $2,926,264 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: HUMANITARIAN AID | $2,000,000 |
THE METROPOLITAN OPERA PURPOSE: PERFORMING ARTS | $2,000,000 |
New York, NY PURPOSE: PERFORMING ARTS | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |