Tory Burch Foundation Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tory Burch 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 09/2021, Tory Burch Foundation Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $1.8m during the year ending 09/2021. While expenses have increased by 24.4% per year over the past 6 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, Tory Burch Foundation Inc has awarded 17 individual grants totaling $332,645. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER WOMEN AND ENTREPRENEURS BY PROVIDING ACCESS TO CAPITAL, EDUCATION AND DIGITAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIPS:FELLOWS PROGRAMTHE TORY BURCH FOUNDATION FELLOWS PROGRAM IS A NATIONAL PROGRAM FOR EARLY-STAGE WOMEN ENTREPRENEURS. WOMEN ENTREPRENEURS FROM ACROSS THE UNITED STATES SUBMIT APPLICATIONS ONLINE. 25 TO 50 ENTREPRENEURS ARE SELECTED ANNUALLY. EACH FELLOW RECEIVES ONE-YEAR OF VIRTUAL EDUCATION PROGRAMMING, WORKSHOPS AND BUSINESS GUIDANCE, A $5,000 GRANT FOR BUSINESS EDUCATION, AND ACCESS TO THE FOUNDATION'S PRIVATE ONLINE PEER COMMUNITY OF FELLOWS. IN NOVEMBER 2020, THE FOUNDATION LAUNCHED AN EXCLUSIVE LOAN PROGRAM IN PARTNERSHIP WITH KIVA TO PROVIDE $15-25K NO-INTEREST LOANS FOR WORKING CAPITAL NEEDS.IGI FELLOWSHIPIN NOVEMBER 2020, THE TORY BURCH FOUNDATION LAUNCHED THE TORY BURCH FELLOWSHIP IN PARTNERSHIP WITH THE INNOVATIVE GENOMICS INSTITUTE (IGI). ONE WOMAN SCIENCE ENTREPRENEUR WAS CHOSEN TO BE IMBEDDED AT IGI FOR ONE YEAR WITH THE USE OF THEIR LABS AND THEIR STAFF AS MENTORS. THIS ENTREPRENEUR ALSO HAD THE OPTION OF JOINING THE 2021 COHORT OF TBF FELLOWS AND HAVING ACCESS TO ALL TBF PROGRAMMING.
CAPITAL:THE TORY BURCH FOUNDATION CAPITAL PROGRAM POWERED BY BANK OF AMERICA PROVIDES WOMEN ENTREPRENEURS IN THE UNITED STATES THE OPPORTUNITY TO ACCESS AFFORDABLE LOANS THROUGH COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. THE LOANS ARE MADE TO WOMEN ENTREPRENEURS OPERATING EARLY STAGE VENTURES IN ALL INDUSTRIES.
EDUCATION PROGRAMS:SMALL BUSINESS WEBINAR SERIESAS A RESULT OF THE COVID-19 PANDEMIC, THE TORY BURCH FOUNDATION PIVOTED TO OFFER SMALL BUSINESS OWNERS CREDIBLE, QUALITY INFORMATION FOR FREE TO HELP THEM NAVIGATE THE CHANGING LANDSCAPE. STARTING IN APRIL 2020, THE FOUNDATION LAUNCHED A RECURRING SMALL BUSINESS WEBINAR SERIES TO PROVIDE THE MOST RELEVANT AND CURRENT INFORMATION FOR WOMEN BUSINESS OWNERS. THE SERIES IS MODERATED BY THE FOUNDATION TEAM, AND FEATURES TOP EXPERTS. ADDITIONALLY, THE FOUNDATION CONTINUES TO PRODUCE FREE ARTICLES AND ONLINE TOOLS FOR OUR COMMUNITY IN ORDER TO ENSURE SMALL BUSINESS OWNERS HAVE THE RESOURCES THEY NEED TO SURVIVE AND SUSTAIN BEYOND THE PANDEMIC.DIGITAL RESOURCESTHE TORY BURCH FOUNDATION WEBSITE IS A DIGITAL RESOURCE HUB WITH COMPREHENSIVE AND TIMELY CONTENT FOR ENTREPRENEURS. THERE ARE SCORES OF ORIGINAL ARTICLES ADDRESSING FINANCE, MARKETING, OPERATIONS AND MORE; INTERVIEWS WITH SUCCESSFUL BUSINESS LEADERS; AND TOOLS, SUCH AS A BUSINESS PLAN BUILDER. THERE IS ALSO A DONATION PORTAL FOR THE PUBLIC AT WWW.TORYBURCHFOUNDATION.ORG.
CAMPAIGN AND EVENTS:#EMBRACEAMBITION CAMPAIGN AND EVENTSTHE FOUNDATION'S INITIATIVE #EMBRACEAMBITION LAUNCHED IN MARCH 2017 AS A GLOBAL INITIATIVE TO CHANGE THE CULTURAL STIGMA AROUND AMBITION IN WOMEN. IN 2018, THE FOUNDATION LAUNCHED THE EMBRACE AMBITION SUMMIT, A ONE-DAY EVENT COMMITTED TO CONFRONTING STEREOTYPES AND UNCONSCIOUS BIAS. IN 2019, THE FOUNDATION CONTINUED ITS EFFORTS WITH THE EMBRACE AMBITION SERIES, WHICH VISITED 10 CITIES THROUGHOUT THE COUNTRY IN JUST FIVE DAYS. IN MARCH 2020, THE FOUNDATION HOSTED ITS SECOND EMBRACE AMBITION SUMMIT.EMPOWERED WOMEN CAMPAIGN IN APRIL 2021, THE TORY BURCH FOUNDATION CO-PRODUCED AND LAUNCHED EMPOWERED WOMEN, A NEW YEAR-LONG GLOBAL INITIATIVE WITH TORY BURCH AND MEDIA PARTNER UPWORTHY. THE CAMPAIGN CELEBRATES THE WAY WOMEN HAVE COME TOGETHER TO MAKE AN IMPACT IN THEIR COMMUNITIES. ALL YEAR, PEOPLE CAN NOMINATE SOMEONE WHO IS MAKING A DIFFERENCE IN HER COMMUNITY. EACH MONTH WE WILL SELECT ONE WOMAN TO FEATURE, AND THEY WILL RECEIVE $5,000 FOR THE NON-PROFIT OF HER CHOICE THROUGH THE TORY BURCH FOUNDATION.SEED BOXES THE TORY BURCH FOUNDATION WORKS TOGETHER WITH WOMEN ENTREPRENEURS TO CURATE A SELECTION OF PRODUCTS FOR SALE TO HELP PROMOTE THEIR BRAND AND EMPOWER WOMEN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laurie Fabiano President | Officer | 40 | $92,950 |
Tory Burch Founder And Director | OfficerTrustee | 3 | $0 |
Robert Isen Chair | OfficerTrustee | 3 | $0 |
Reepal Shah Treasurer | OfficerTrustee | 2 | $0 |
James Robinson Secretary | OfficerTrustee | 2 | $0 |
Hayley Boesky Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,217,468 |
Noncash contributions included in lines 1a–1f | $20,747 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,217,468 |
Total Program Service Revenue | $0 |
Investment income | $7,509 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $46,194 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,271,171 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $80,145 |
Grants and other assistance to domestic individuals. | $350,000 |
Grants and other assistance to Foreign Orgs/Individuals | $10,012 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $75,500 |
Compensation of current officers, directors, key employees. | $75,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $37,312 |
Fees for services: Accounting | $81,744 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $137,291 |
Office expenses | $23,920 |
Information technology | $138,480 |
Royalties | $0 |
Occupancy | $0 |
Travel | $7,705 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,766,198 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $542,847 |
Savings and temporary cash investments | $11,576,927 |
Pledges and grants receivable | $4,502,933 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $21,000 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $216,682 |
Total assets | $16,860,389 |
Accounts payable and accrued expenses | $135,823 |
Grants payable | $465,117 |
Deferred revenue | $54,400 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $655,340 |
Net assets without donor restrictions | $16,205,049 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $16,860,389 |
Over the last fiscal year, Tory Burch Foundation Inc has awarded $40,145 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
San Francisco, CA PURPOSE: TO SUPPORT MICRO-LENDING PROGRAMS. | $20,000 |
Austin, TX PURPOSE: TO SPONSOR THE ORGANIZATION'S ANNUAL SUMMIT. | $15,000 |
Fort Lee, NJ PURPOSE: TO RESTORE BLACK AND BROWN FAMILIES' STABILITY BY REMOVING THE BARRIERS THAT KEEP THEM IN ABJECT POVERTY AND DOMESTIC VIOLENCE SITUATIONS. | $5,145 |
Over the last fiscal year, we have identified 3 grants that Tory Burch Foundation Inc has recieved totaling $53,000.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,000 |
Trott Family Philanthropies Inc Chicago, IL PURPOSE: 2021 FELLOWS PROGRAM | $25,000 |
Stoddard Charitable Trust Worcester, MA PURPOSE: SC GRANT-TOM & BIBBY LORING | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Catholic Family & Community Services Clifton, NJ | $3,341,340 | $18,611,591 |
Dr Gertrude A Barber In Home Services Inc Erie, PA | $4,360,447 | $17,320,654 |
Ao North America Inc Wayne, PA | $10,460,064 | $15,724,733 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |