Princess Grace Foundation

Organization Overview

Princess Grace Foundation is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Princess Grace Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princess Grace 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, Princess Grace Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $959.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Princess Grace Foundation has awarded 99 individual grants totaling $2,455,452. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRIGHTING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.


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Board, Officers & Key Employees

Name (title)Compensation
Brisa Trinchero
CEO
$251,051
Patricia Leonard
Dir Of Philanthropy
$100,137
Nicole Dibona
Accounting Manager
$19,085
Hon John F Lehman
Chairman
$0
Hsh Prince Albert II Of Monaco
Vice Chairman
$0
Robert O Marx
Vice Chairman
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$771,576
Investment income $327,118
Tax Exempt Bond Proceeds $0
Royalties $191,483
Net Rental Income $0
Net Gain/Loss on Asset Sales -$291,806
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,034,919

Grants Awarded

Over the last fiscal year, Princess Grace Foundation has awarded $83,558 in support to 4 organizations.

Grant RecipientAmount

NEW DRAMATISTS INC

Org PageRecipient Profile

New York, NY

PURPOSE: TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE

$28,590

WAYPOINT PICTURES LLC

PURPOSE: SPECIAL PROJECT GRANT FOR DAN CHEIN, 1ST PAYMENT

$23,968

POUR THE WATER AS I LEAVE

PURPOSE: SPECIAL PROJECT GRANT FOR DANIELA REPAS, 1ST PAYMENT

$20,000

EDUCATIONAL THEATRE FOUNDATION

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: TO FUTHER THE ORGANIZATION'S EXEMPT PURPOSE

$11,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Princess Grace Foundation has recieved totaling $96,500.

Awarding OrganizationAmount
Paulson Family Foundation

New York, NY

PURPOSE: TO ELEVATE EXTRAORDINARY EMERGING ARTISTS IN THEATER, DANCE, AND FILM VIA AWARDS IN THE FORM OF GRANTS, SCHOLARSHIPS, AND FELLOWSHIPS.

$50,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: ARTS AND CULTURE

$36,500
H B And Lucille Horn Foundation

Albuquerque, NM

PURPOSE: CHARITABLE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,609,642
Earnings$609,346
Ending Balance$5,218,988

Peer Organizations

Organization NameAssets
Harold Grinspoon Foundation
Agawam, MA
$58,159,410
General Professional Liability Lass Fund Trust Agreement
Pittsburgh, PA
$37,293,555
Jader Trust 4
New York, NY
$157,383,970
Rockefeller Family Fund Inc
New York, NY
$43,772,368
Shapiro-Silverberg Foundation
New York, NY
$24,069,378
Hess Philanthropic Fund
New York, NY
$32,591,174
Edith L Trees Charitable Trust
Pittsburgh, PA
$23,983,044
Natural Heritage Trust
Albany, NY
$23,861,363
Hollow Metal Trust Fund
New York, NY
$12,661,866
Halvorsen Family Foundation
Greenwich, CT
$4,015,208
Adp Foundation
Roseland, NJ
$20,725,290
Lynch Foundation
Boston, MA
$42,142,694

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