Shipley Foundation Inc
- Assets
- $165.8m
- Revenue
- -$17.1m
- Investments
- $161.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1969
- Data as of
- 12/2021
- EIN
- 23-7015570
Organization Overview
Shipley Foundation Inc is located in Boston, MA. The organization was established in 1969. 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. Shipley 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.
Since 2020, Shipley Foundation Inc has awarded 170 individual grants totaling $18,214,150. 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 |
|---|---|---|---|
Richard C Shipley Director | 5 | $0 | |
Thomas P Jalkut Director | 5 | $0 | |
Julia Satti Cosentino Director | 5 | $0 | |
Jason R Shipley Director | 5 | $0 | |
Feyza Altindag Shipley Director | 5 | $0 | |
Elizabeth S Hunt Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co | 12/30/21 | $1,046,230 |
Nutter Mcclennen & Fish Llp | 12/30/21 | $287,296 |
Nutter Mcclennen & Fish Llp | 12/30/21 | $194,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $194,404 |
| Interest on Savings | $204 |
| Dividends & Interest | $4,771,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,056,273 |
| Capital Gain Net Income | $13,715,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,647 |
| Total Revenue | -$17,085,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $381,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $499 |
| Other expenses | $1,109,882 |
| Total operating and administrative expenses | $2,004,578 |
| Contributions, gifts, grants paid | $9,207,075 |
| Total expenses and disbursements | $11,211,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,575 |
| Savings and temporary cash investments | $3,976,909 |
| 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 | $3,279,818 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $165,803,425 |
| 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, Shipley Foundation Inc has awarded $9,207,075 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: QUESTROM SCHOOL OF BUSSINESS ANNUAL FUND AND CENTER FOR DIGITAL LEARNING & INNOVATION | $2,050,000 |
Kanab, UT PURPOSE: FOR SHIPLEY DOG LODGES | $1,000,000 |
Taunton, MA PURPOSE: CONSTRUCTION OF HOMES FOR DISABLED MILITARY PERSONNEL | $700,000 |
Hillsdale, MI PURPOSE: TO ESTABLISH CHARLES R. SHIPLEY JR. SCHOLARSHIP FUND | $545,000 |
PRINCETON UNIVERSITY PURPOSE: FOR HELEN SHIPLEY HUNT FUND FOR PRACTICAL ENGINEERING APPLICTIONS | $500,000 |
HIRE HEROES USA PURPOSE: VETERAN CAREER TRANSITION SUPPORT PROGRAM | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |