Blackstone Charitable Foundation
- Assets
- $135.0m
- Revenue
- $15.0m
- Investments
- $131.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-0462996
Organization Overview
Blackstone Charitable Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Blackstone Charitable Foundation 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 12/2023, Blackstone Charitable Foundation generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $24.5m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 7 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 2015, Blackstone Charitable Foundation has awarded 1,612 individual grants totaling $174,135,738. 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 |
|---|---|---|---|
Verdun S Perry Board Chair & Director | 1 | $0 | |
Sean Klimczak President & Director | 1 | $0 | |
Brian Gavin Treasurer & Director | 1 | $0 | |
Tabea Hsi Secretary & Director | 1 | $0 | |
Christine Anderson Director | 1 | $0 | |
Beth Chartoff Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pwc Product Sales Llc | 12/30/23 | $157,900 |
Simpson Thacher Bartlett Llp | 12/30/23 | $248,187 |
Eisneramper Llp | 12/30/23 | $60,900 |
Eisner Advisory Group Llc | 12/30/23 | $52,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,085,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,217,083 |
| Capital Gain Net Income | $10,057,570 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,647,494 |
| Total Revenue | $14,950,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $855,887 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,875 |
| Printing and publications | $0 |
| Other expenses | $229,437 |
| Total operating and administrative expenses | $2,245,006 |
| Contributions, gifts, grants paid | $22,290,314 |
| Total expenses and disbursements | $24,535,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,889,210 |
| Savings and temporary cash investments | $289,925 |
| 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 | $119,320,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $135,020,423 |
| Accounts payable and accrued expenses | $50,665 |
| Grants payable | $10,839,474 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,410,289 |
| Total liabilities | $12,300,428 |
Grants Awarded
Over the last fiscal year, Blackstone Charitable Foundation has awarded $34,914,072 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS JUSTICE BROOKLYN INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ALBANY FOUNDATION PURPOSE: PROGRAMMATIC SUPPORT FOR LAUNCHPAD | $45,000 |
ALI FORNEY CENTER PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
AMERICA NEEDS YOU PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
AMERICA ON TECH INC PURPOSE: GENERAL OPERATING SUPPORT | $135,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |