Sarah Scaife Foundation Inc
- Assets
- $645.0m
- Revenue
- $79.1m
- Investments
- $586.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1960
- Data as of
- 12/2021
- EIN
- 25-1113452
Organization Overview
Sarah Scaife Foundation Inc is located in Pittsburgh, PA. The organization was established in 1960. 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. Sarah Scaife 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 12/2021, Sarah Scaife Foundation Inc generated $79.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $50.1m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 3 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, Sarah Scaife Foundation Inc has awarded 550 individual grants totaling $130,838,067. 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 |
|---|---|---|---|
Michael W Gleba Chairman/ceo, Treasurer & Trustee | 40 | $672,800 | |
Montgomery B Brown Vice President | 40 | $357,750 | |
Linda M Buckley Secretary & Assistant Treasurer | 40 | $157,800 | |
T Kenneth Cribb Jr Trustee | 1 | $17,000 | |
Edwin J Feulner Jr Trustee | 1 | $17,000 | |
Roger Kimball Trustee | 1 | $17,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Financial Services Group | 12/30/22 | $715,061 |
Edgewood Management | 12/30/22 | $197,719 |
Lmcg Investments Llc | 12/30/22 | $51,263 |
Hardman Johnston Global Advisors | 12/30/22 | $184,378 |
Eagle Capital Management | 12/30/22 | $293,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,737 |
| Dividends & Interest | $13,865,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,620,189 |
| Capital Gain Net Income | $66,148,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $623,646 |
| Total Revenue | $79,121,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,180,550 |
| Other employee salaries and wages | $112,890 |
| Pension plans, employee benefits | $457,337 |
| Interest | $0 |
| Taxes | $1,075,421 |
| Depreciation | $130,479 |
| Occupancy | $189,328 |
| Travel, conferences, and meetings | $48,562 |
| Printing and publications | $384 |
| Other expenses | $103,351 |
| Total operating and administrative expenses | $5,053,645 |
| Contributions, gifts, grants paid | $45,062,933 |
| Total expenses and disbursements | $50,116,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,084 |
| Savings and temporary cash investments | $57,480,721 |
| 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 | $21,189 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $344,173,473 |
| Net Land, buildings, and equipment | $547,021 |
| Other assets | $216,790 |
| Total assets | $645,014,499 |
| Accounts payable and accrued expenses | $214,092 |
| Grants payable | $500,000 |
| 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 | $714,092 |
Grants Awarded
Over the last fiscal year, Sarah Scaife Foundation Inc has awarded $46,467,955 in support to 186 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY PURPOSE: PROGRAM AND PROJECT SUPPORT | $275,000 |
ALEXANDER HAMILTON SOCIETY THE PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
ALLEGHENY INSTITUTE FOR PUBLIC POLICY PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
AMERICAN CONSTITUTIONAL RIGHTS UNION PURPOSE: GENERAL OPERATING AND PROGRAM SUPPORT | $100,000 |
AMERICAN BAR ASSOCIATION FUND FOR JUSTICE AND EDUCATION PURPOSE: STANDING COMMITTEE ON LAW AND NATIONAL SECURITY | $100,000 |
AMERICAN COUNCIL OF TRUSTEES AND ALUMNI PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |