Price Family Foundation Inc
- Assets
- $4.9m
- Revenue
- $6.6m
- Investments
- $4.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1997
- Data as of
- 11/2021
- EIN
- 22-3483367
Organization Overview
Price Family Foundation Inc is located in New York, NY. The organization was established in 1997. 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. Price 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 11/2021, Price Family Foundation Inc generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $8.9m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Price Family Foundation Inc has awarded 413 individual grants totaling $77,921,359. 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 |
|---|---|---|---|
Claudia Forbes Director | 1 | $0 | |
Charles T Price Director | 1 | $0 | |
Jennifer C Price President & Treasurer | 1 | $0 | |
Ellen Lynch Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,221,600 |
| Interest on Savings | $85 |
| Dividends & Interest | $6,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$172,857 |
| Capital Gain Net Income | $2,752,134 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $544,505 |
| Total Revenue | $6,599,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $131,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,649 |
| Total operating and administrative expenses | $211,520 |
| Contributions, gifts, grants paid | $8,666,135 |
| Total expenses and disbursements | $8,877,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,201 |
| 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 | $4,785,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $75,889 |
| Total assets | $4,922,654 |
| 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 | $273,000 |
| Total liabilities | $273,000 |
Grants Awarded
Over the last fiscal year, Price Family Foundation Inc has awarded $8,666,135 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: GENERAL USE | $1,750,000 |
Norman, OK PURPOSE: GENERAL USE | $833,336 |
Boston, MA PURPOSE: GENERAL USE | $596,381 |
Cambridge, MA PURPOSE: GENERAL USE | $583,982 |
THE WINDWARD SCHOOL PURPOSE: GENERAL USE | $505,000 |
Bronx, NY PURPOSE: GENERAL USE | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
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 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
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 |