The Joan F And Donald E Axinn Foundation Inc
- Assets
- $20.7m
- Revenue
- $16.8m
- Investments
- $20.4m
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 08/1972
- Data as of
- 12/2022
- EIN
- 23-7165425
Organization Overview
The Joan F And Donald E Axinn Foundation Inc is located in Jericho, NY. The organization was established in 1972. 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. Joan F And Donald E Axinn 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, Joan F And Donald E Axinn Foundation Inc generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 57.0% per year over the past 8 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 2014, Joan F And Donald E Axinn Foundation Inc has awarded 32 individual grants totaling $1,581,264. 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 |
|---|---|---|---|
Kenneth B Katzman Treasurer | 1 | $0 | |
Mark W Hamer President | 1 | $0 | |
Leo A Guthart Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $125,873 |
| Dividends & Interest | $168,334 |
| Net Rental Income | $112,918 |
| Net Gain on Sale of Assets | $16,364,562 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,818 |
| Total Revenue | $16,776,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,005,354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,170 |
| Total operating and administrative expenses | $4,009,524 |
| Contributions, gifts, grants paid | $386,316 |
| Total expenses and disbursements | $4,395,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,160 |
| Savings and temporary cash investments | $283,840 |
| 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 | $20,210,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,720,447 |
| 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 | $94,538 |
| Total liabilities | $94,538 |
Grants Awarded
Over the last fiscal year, The Joan F And Donald E Axinn Foundation Inc has awarded $386,316 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BARNARD COLLEGE PURPOSE: THE ANNA QUINDLEN AWARD WRITER-IN-RESIDENCE & THE JOAN AND DONALD E. AXINN FOUNDATION/ANNA QUINDLEN AWARD FOR CREATIVE WRITING | $25,000 |
ISLAND HARVEST PURPOSE: FOOD INSECURITY ASSISTANCE | $25,000 |
NYU GRADUATE SCHOOL OF ARTS & SCIENCE PURPOSE: AXINN FOUNDATION/E.L. DOCTOROW PRIZE IN THE GRADUATE SCHOOL OF ARTS AND SCIENCE | $211,316 |
THE INN PURPOSE: FOOD INSECURITY | $50,000 |
LONG ISLAND CARES PURPOSE: FOOD INSECURITY | $25,000 |
WORLD CENTRAL KITCHEN PURPOSE: FOOD INSECURITY FOR UKRAIN EFFORT | $50,000 |