Sue & Edgar Wachenheim Foundation
- Assets
- $484.6m
- Revenue
- $127.2m
- Investments
- $294.2m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 04/1969
- Data as of
- 10/2024
- EIN
- 23-7011002
Organization Overview
Sue & Edgar Wachenheim Foundation is located in Purchase, NY. The organization was established in 1969. 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. Sue & Edgar Wachenheim 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 10/2024, Sue & Edgar Wachenheim Foundation generated $127.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $33.7m during the year ending 10/2024. While expenses have increased by 11.5% per year over the past 5 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 2020, Sue & Edgar Wachenheim Foundation has awarded 116 individual grants totaling $117,759,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar Wachenheim III President, CEO | 0.5 | $0 | |
Sue W Wachenheim Vice President | 0.5 | $0 | |
Lance R Wachenheim Treasurer | 0.5 | $0 | |
Kim W Wagman Secretary | 0.5 | $0 | |
Chris A Wachenheim Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,356,400 |
| Interest on Savings | $1,350,271 |
| Dividends & Interest | $13,944,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,590,671 |
| Capital Gain Net Income | $84,590,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,242,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,245,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,165 |
| Total operating and administrative expenses | $1,255,165 |
| Contributions, gifts, grants paid | $32,452,500 |
| Total expenses and disbursements | $33,707,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $190,428,257 |
| 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 | $484,631,262 |
| 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, Sue & Edgar Wachenheim Foundation has awarded $32,452,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BLYTHEDALE CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $100,000 |
CARAMOOR CENTER FOR MUSIC AND ARTS PURPOSE: GENERAL SUPPORT | $100,000 |
CITYMEALS ON WHEELS PURPOSE: GENERAL SUPPORT | $20,000 |
CATO INSTITUTE PURPOSE: GENERAL SUPPORT | $250,000 |
COUNCIL ON FOREIGN RELATIONS PURPOSE: GENERAL SUPPORT | $13,500,000 |
EAST SIDE SETTLEMENT PURPOSE: GENERAL SUPPORT | $10,000 |