Taubman Foundation For The Arts
- Assets
- $20.1m
- Revenue
- $918.2k
- Investments
- $19.2m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-3136632
Organization Overview
Taubman Foundation For The Arts is located in Roanoke, VA. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Taubman Foundation For The Arts 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, Taubman Foundation For The Arts generated $918.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $8.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Taubman Foundation For The Arts has awarded 124 individual grants totaling $52,904,364. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis A Barbour Asst Treas, Director | 1 | $0 | |
John G Rocovich Jr Asst Treas, Director | 1 | $0 | |
Eugenia L Taubman Vp, Asst Sec, Director | 1 | $0 | |
Nicholas F Taubman President, Sec, Treas | 1 | $0 | |
Marc E Taubman Director | 1 | $0 | |
Lara L Taubman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,256 |
| Dividends & Interest | $910,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $918,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $10,636 |
| Contributions, gifts, grants paid | $8,315,095 |
| Total expenses and disbursements | $8,325,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850,229 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,057,493 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Taubman Foundation For The Arts has awarded $8,315,095 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARILION CLINIC FOUNDATION PURPOSE: OPERATING CONTRIBUTION | $6,901,251 |
THE METROPOLITAN OPERA PURPOSE: OPERATING CONTRIBUTION | $1,057,304 |
THE METROPOLITAN OPERA PURPOSE: OPERATING CONTRIBUTION | $250,000 |
Rochester, MN PURPOSE: OPERATING CONTRIBUTION | $25,000 |
AMERICA FIRST LEGAL FOUNDATION PURPOSE: OPERATING CONTRIBUTION | $25,000 |
New York, NY PURPOSE: OPERATING CONTRIBUTION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |