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 4 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $50.1m during the year ending 12/2021. While expenses have increased by 24.3% per year over the past 4 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 364 individual grants totaling $84,370,112. 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 | $625,450 | |
Montgomery B Brown Vice President | 40 | $310,400 | |
Linda M Buckley Secretary & Assistant Treasurer | 40 | $140,700 | |
Eugene B Meyer Trustee | 1 | $16,000 | |
Roger Kimball Trustee | 1 | $16,000 | |
Roger W Robinson Jr Trustee | 1 | $16,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pnc Financial Services Group | 12/30/21 | $760,162 |
Edgewood Management | 12/30/21 | $237,455 |
Hardman Johnston Global Advisors | 12/30/21 | $230,111 |
Eagle Capital Management | 12/30/21 | $236,908 |
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 $44,882,983 in support to 180 organizations.
| Grant Recipient | Amount |
|---|---|
BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY THE PURPOSE: HOOVER INSTITUTION ON WAR, REVOLUTION AND PEACE | $1,250,000 |
Princeton, NJ PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $800,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $800,000 |
Fairfax, VA PURPOSE: LAW AND ECONOMICS CENTER | $650,000 |
Washington, DC PURPOSE: PROGRAM AND PROJECT SUPPORT | $610,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |