Giving Grousbeck Fazzalari
- Assets
- $0.0
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Point Pleasant, NJ
- Founding
- 09/2011
- Data as of
- 11/2020
- EIN
- 30-6284986
Organization Overview
Giving Grousbeck Fazzalari is located in Point Pleasant, NJ. 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 11/2020, Giving Grousbeck Fazzalari generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $28.8m during the year ending 11/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Giving Grousbeck Fazzalari has awarded 301 individual grants totaling $139,373,184. 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 Via Jp Morgan | 11/29/21 | $73,349 |
Jp Morgan | 11/29/21 | $592,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $610,257 |
| Dividends & Interest | $4,416,533 |
| Profit on Inventory Sales | $0 |
| Other Income | $132,733 |
| Total Revenue | $2,483,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,203 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,157,295 |
| Contributions, gifts, grants paid | $27,610,170 |
| Total expenses and disbursements | $28,767,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,776,344 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $190,168,891 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Giving Grousbeck Fazzalari has awarded $20,508,541 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL | $7,500,000 |
Princeton, NJ PURPOSE: GENERAL | $5,000,000 |
BOYS & GIRLS CLUB OF BOSTON PURPOSE: GENERAL | $4,000,000 |
BOYS & GIRLS CLUB OF BOSTON PURPOSE: GENERAL | $1,000,000 |
MAKE A WISH FOUNDATION OF METRO NEW YORK INC PURPOSE: GENERAL | $255,000 |
CAMP JABBERWOCKY PURPOSE: GENERAL | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |