Giving Grousbeck Fazzalari
- Assets
- $295.5m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2011
- Data as of
- 11/2023
- EIN
- 30-6284986
Organization Overview
Giving Grousbeck Fazzalari is located in New York, NY. The organization was established in 2011. 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. Giving Grousbeck Fazzalari 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 11/2023, Giving Grousbeck Fazzalari generated $12.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $15.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Giving Grousbeck Fazzalari has awarded 382 individual grants totaling $115,018,892. 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 |
|---|---|---|---|
Wycliffe K Grousbeck Trustee | 2 | $0 | |
Emilia G Fazzalari Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management | 11/29/23 | $74,520 |
Jp Morgan | 11/29/23 | $588,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,743,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $538,653 |
| Capital Gain Net Income | $538,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $233,603 |
| Total Revenue | $12,515,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $200,056 |
| Taxes | $21,882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $132,094 |
| Printing and publications | $0 |
| Other expenses | $1,179,904 |
| Total operating and administrative expenses | $2,257,583 |
| Contributions, gifts, grants paid | $12,987,628 |
| Total expenses and disbursements | $15,245,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,738 |
| Savings and temporary cash investments | $9,886,463 |
| 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 | $285,505,688 |
| Total assets | $295,479,889 |
| 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, Giving Grousbeck Fazzalari has awarded $12,987,628 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION OF MASS EYE AND EAR INC PURPOSE: GENERAL | $100,000 |
FOUNDATION TO BE NAMED LATER PURPOSE: GENERAL | $50,000 |
GABRIELLE'S ANGEL FOUNDATION PURPOSE: GENERAL | $106,000 |
THE JAYSON TATUM FOUNDATION PURPOSE: GENERAL | $35,000 |
JOURNEY FORWARD PURPOSE: GENERAL | $25,000 |
KULTURECITY PURPOSE: GENERAL | $268,500 |