Posner Foundation Of Pittsburgh
- Assets
- $182.6m
- Revenue
- $30.1m
- Investments
- $133.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 25-6055022
Organization Overview
Posner Foundation Of Pittsburgh is located in Pittsburgh, PA. The organization was established in 1965. 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. Posner Foundation Of Pittsburgh 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, Posner Foundation Of Pittsburgh generated $30.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $21.7m during the year ending 12/2022. While expenses have increased by 11.7% 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, Posner Foundation Of Pittsburgh has awarded 246 individual grants totaling $64,694,433. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Posner III Trustee | 1 | $0 | |
Paul M Posner Trustee | 1 | $0 | |
Anne M Molloy Trustee | 1 | $0 | |
John F Hensler Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Provident Trust Co | 12/30/22 | $1,109,355 |
Eagle Capital Management Llc | 12/30/22 | $267,303 |
The Hawthorne Group Inc | 12/30/22 | $926,763 |
Goldman Sachs & Co Llc | 12/30/22 | $119,766 |
Gamco Investors Inc | 12/30/22 | $102,944 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,227 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,176,862 |
| Net Rental Income | -$624 |
| Net Gain on Sale of Assets | $25,974,045 |
| Capital Gain Net Income | $25,974,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$18,336 |
| Total Revenue | $30,133,798 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $211,399 |
| Pension plans, employee benefits | $22,193 |
| Interest | $0 |
| Taxes | $461,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $53,751 |
| Printing and publications | $0 |
| Other expenses | $48,729 |
| Total operating and administrative expenses | $3,664,908 |
| Contributions, gifts, grants paid | $18,030,717 |
| Total expenses and disbursements | $21,695,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,788,232 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $204,726 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,195,723 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,824,416 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $182,613,119 |
| Accounts payable and accrued expenses | $1,793 |
| 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 | $1,793 |
Grants Awarded
Over the last fiscal year, Posner Foundation Of Pittsburgh has awarded $23,330,717 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH WORLD SERVICE PURPOSE: UNRESTRICTED/ GENERAL USE | $675,000 |
ACLU FOUNDATION PURPOSE: UNRESTRICTED/ GENERAL USE | $1,000,000 |
AMERICARES PURPOSE: UNRESTRICTED/ GENERAL USE | $500,000 |
BEST OF THE BATCH FOUNDATION PURPOSE: UNRESTRICTED/ GENERAL USE | $800,000 |
BHUTANESE COMMUNITY ASSOCIATION OF PITTSBURGH PURPOSE: UNRESTRICTED/ GENERAL USE | $50,000 |
ARIZONA FOOD BANK NETWORK PURPOSE: UNRESTRICTED/ GENERAL USE | $50,000 |