The Marianthi Foundation Inc
- Assets
- $61.5m
- Revenue
- $2.0m
- Investments
- $59.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 22-6616473
Organization Overview
The Marianthi Foundation Inc is located in New York, NY. The organization was established in 1994. 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. Marianthi 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 12/2022, Marianthi Foundation Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $30.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr P Roy Vagelos President/director | 2 | $0 | |
Ms Diana T Vagelos Vice President/treasurer | 2 | $0 | |
Mscynthia Vagelos Roberts Director | 1 | $0 | |
Andrew Vagelos Director | 30 | $0 | |
Randall H Vagelos Director | 1 | $0 | |
Ellen Vagelos Masseur Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $672,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $807,299 |
| Capital Gain Net Income | $806,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $438,368 |
| Total Revenue | $2,033,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $971,062 |
| Total operating and administrative expenses | $1,085,699 |
| Contributions, gifts, grants paid | $29,270,919 |
| Total expenses and disbursements | $30,356,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863 |
| Savings and temporary cash investments | $1,658,404 |
| 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 | $58,679,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,504,866 |
| 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 | $1,055,165 |
| Total liabilities | $1,055,165 |
Grants Awarded
Over the last fiscal year, The Marianthi Foundation Inc has awarded $29,270,919 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BARNARD COLLEGE PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,220,919 |
BROWN UNIVERSITY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $25,000 |
CENTRAL PARK CONSERVANCY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
COLUMBIA UNIVERSITY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $19,005,000 |
THE BREARLEY SCHOOL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |